Ryman Hospitality 2025 Q2 Earnings Record Net Income Despite EPS Decline

Ryman Hospitality Properties (RHP) reported its fiscal 2025 second-quarter earnings on August 5, 2025. The company delivered revenue growth of 7.5% year-over-year, though earnings per share (EPS) declined. The full-year outlook was revised to account for the recently acquired JW Marriott Desert Ridge and heightened transient rate risk in the Nashville market.

Revenue
Total revenue for the quarter rose to $659.51 million, with robust performance across key segments. The rooms division generated $200.90 million, while food and beverage revenue reached $250.39 million. Entertainment revenue totaled $143.30 million, and other hotel revenue contributed $64.92 million. Management fees, net, remained at $0.

Earnings/Net Income
Ryman's net income declined to $75.88 million in 2025 Q2, a 27.6% drop from $104.74 million in 2024 Q2. Meanwhile, EPS fell by 30.4% to $1.17. Despite the decline, the company set a new record for fiscal Q2 net income in its 19-year history.

Price Action
RHP's stock price edged up 2.26% on the day of reporting but declined 4.87% for the week and 9.11% month-to-date.

Post Earnings Price Action Review
A post-earnings trading strategy based on buying RHP following an earnings beat and holding for 30 days returned an impressive 247.23%, vastly outperforming the benchmark’s 85.39%. This translated to an excess return of 161.84%, with a Sharpe ratio of 0.78 indicating strong risk-adjusted performance. The strategy also recorded a 28.94% compound annual growth rate and 37.24% volatility, with no drawdown, demonstrating a balanced approach to capital appreciation.

CEO Commentary
Mark Fioravanti, President and CEO, highlighted the company’s strong first-half performance and the strategic acquisition of the JW Marriott Desert Ridge. He emphasized disciplined cost control, successful group bookings, and efficient capital deployment as key strengths. The CEO expressed optimism for 2026 and beyond, citing robust group business and favorable market dynamics.

Guidance
While the company revised its full-year outlook to reflect the new acquisition and transient rate risks, it did not provide specific guidance for earnings or revenue.

Additional News
Ryman Hospitality Properties, Inc. (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment. As of August 5, 2025, the company announced the acquisition of the JW Marriott Desert Ridge, a strategic move aimed at expanding its portfolio and enhancing its position in key markets. The transaction underscores RHP’s commitment to capital-efficient growth and long-term value creation. No other C-level changes or dividend/buyback announcements were disclosed in the immediate three-week period following the earnings release.