- Travel + Leisure Co (NYSE: TNL) reported second-quarter FY21 sales growth of 132% year-on-year, to $797 million, beating the analyst consensus of $721.87 million.
- Vacation Ownership revenue increased 152% Y/Y to $599 million, while Travel and Membership revenue rose 92% to $204 million.
- Operating expenses rose 74.5% Y/Y to $349 million, with total expenses for the quarter at $646 million.
- The operating margin was 18.9%, with $151 million in operating income for the quarter.
- Net cash provided by operating activities for the six months ended June 30, 2021, rose 123% to $290 million.
- Adjusted EBITDA surged to $193 million, with a margin of 24.2%.
- Adjusted EPS of $0.88 beat the analyst consensus of $0.74.
- “Leisure travel is back in a significant way. All indicators of consumer behavior show that consumers are fulfilling their desire to travel, and we are benefiting from that recovery,” said president and CEO Michael D.
Travel + Leisure (TNL) is in a sweet spot after two years of pandemic created a strong desire for leisure among consumers. The top timeshares and vacation clubs operator reported a nearly 300% jump in profit last quarter, the latest in a string of strong reports. On Thursday, the IBD Relative Strength (RS) Rating for Travel + Leisure climbed to 81, up from 74 the day before. Travel + Leisure stock closed up 0.5% to 58.10 Thursday.
The new 81 RS Rating is significant in that it puts Travel + Leisure stock in a select group. Market research shows that top-performing stocks tend to have an RS Rating north of 80 as they launch their biggest climbs.
Travel + Leisure Stock Seeing Heavy Accumulation
Among its other key ratings, the Orlando, Fla.-based company boasts an 86 Composite Rating putting it in the top 14% overall. And watchlist