What is the market's earnings forecast for Ryman Hospitality next quarter?

What guidance did Ryman Hospitality's management provide for the next earnings period?

What factors drove the changes in Ryman Hospitality's revenue and profit?

What is Ryman Hospitality's gross profit margin?

What is Ryman Hospitality's latest dividend and current dividend yield?

What were the key takeaways from Ryman Hospitality’s earnings call?

What does Ryman Hospitality do and what are its main business segments?

What is the revenue and EPS growth rate for Ryman Hospitality year over year?

- **Hotel Strength**: RevPAR 141% of competitive set, transient ADR growth resumes, and group bookings for 2026 up 8% with +3% ADR.
- **Entertainment Expansion**: Opry 100's global success (1.2B media impressions in London) and Category 10 Las Vegas opening Q4 2026 with mid-teens IRRs.
- **Infrastructure Growth**: Nashville Airport expansion to 40M annual capacity by 2029, new stadium bids for major events, and East Bank development.
- **Resilience**: Despite government shutdown cancellations, corporate group leads remain strong, and Q4 leisure bookings pace ahead of 2024.

**【Management Remarks】**
- **Hotel Performance**: Third-quarter same-store RevPAR was 141% of the competitive set, driven by strong group business and leisure demand recovery in Nashville. Transient ADR growth for upscale/luxury hotels turned positive in September.
- **Entertainment Growth**: Opry 100's international expansion (e.g., London performance with 1.2B media impressions) highlights global country music popularity. New Category 10 venue in Las Vegas set to open Q4 2026 with mid-teens IRRs.
- **Long-Term Infrastructure**: Nashville Airport expansion (40M annual capacity by 2029) and East Bank development will enhance tourism appeal. New stadium construction supports major events like WrestleMania and Super Bowl bids.

**【CEO Commentary】**
- **Group Business Resilience**: Corporate group room nights down 20K vs. 2024, but spending per room night exceeded expectations. 2026 group bookings up 8% with ADR +3%, driven by corporate mix shift.
- **Leisure Momentum**: Gaylord Opryland leisure room nights +5% YoY, food & beverage sales up 13%. JW Marriott Desert Ridge renovations complete, with 5,000sqft meeting space conversion underway.
- **Capital Allocation**: $35M+ investments in meeting space expansions (e.g., Opryland, JW Hill Country) targeting mid-teens IRRs.

**【CFO Financial Commentary】**
- **Full-Year Guidance**: Adjusted EBITDA $772-802M (midpoint $787M, +6% YoY). Entertainment EBITDA reduced to $112M due to downtown Nashville competition, offset by Category 10/Block 21 growth.
- **Balance Sheet**: $483M unrestricted cash, $1.3B liquidity. 2025 capex $375-425M for projects like Category 10 Las Vegas and JW Hill Country renovations.
- **Dividend Policy**: Maintain 100% REIT taxable income payout, supported by stable cash flows.

**【Q&A Highlights】**
- **Government Shutdown Impact**: Elevated cancellations in government sector, but corporate group leads remain strong. October airline arrivals +10% YoY in Nashville suggests recovery.
- **Holiday Programming**: ICE ticket bookings +6% YoY, transient room nights +11K. Cautiously optimistic for Q4 leisure performance.
- **2026 Outlook**: Group ADR growth expected, with 7.9M room nights booked at higher rates. Entertainment expansion in Europe and U.S. markets (e.g., Category 10) to drive long-term growth.

Ryman Hospitality Properties, Inc. (RHP) Q3 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

RHP

RHP fundamentals

You can ask Aime