Wyndham Reiterates Guidance for 2008
DECEMBER 13, 2007. At its investor day today, Wyndham Worldwide (NYSE:WYN) reaffirmed 2008 revenue and EBITDA guidance ranges and also provided 2008 earnings per share (EPS) guidance ranging from $2.23 - $2.38 or a double-digit percentage increase over 2007.
"We are a stable and resilient business with a portfolio of brands that lie in the sweet spot of consumer demand," stated Stephen P. Holmes, chairman and chief executive officer, Wyndham Worldwide. "Our company is benefiting from the growth of leisure travel, the demographic growth of the baby boomer generation and the social shift of families traveling together in order to spend quality time away from hectic lives," added Holmes.
Wyndham Worldwide also issued first quarter 2008 EPS guidance of $0.30 - $0.35, which reflects a reduction for the estimated impact of deferred vacation ownership revenue of $0.12 - $0.15 per share that will be recognized in future quarters.
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