Red Lion Hotels (RLH) delivered earnings and revenue surprises of -31.58% and 2.46%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
DENVER, Feb. 27, 2020 -- Red Lion Hotels Corporation (the “Company”) (NYSE: RLH), a hospitality company doing business as RLH Corporation which franchises midscale and economy.
Red Lion Hotels Corporation, doing business as RLH Corporation (RLH) announced today that, in light of continuing public health concerns related to the COVID-19 pandemic, its Annual Meeting of Shareholders will be held on May 19, 2020 in virtual format only. In person attendance at the Annual Meeting by shareholders will not be permitted. Shareholders can participate in the virtual meeting online at https://web.lumiagm.com/214100065, meeting password: red2020.
DENVER, May 06, 2020 -- RLH Corporation (NYSE: RLH) (“RLHC” or “the Company”) announced today enhanced cleanliness recommendations for its 1,000+ independently owned and.
Q4 2019 Red Lion Hotels Corp Earnings Call
Red Lion Hotels Corporation (the “Company”) (RLH), a hospitality company doing business as RLH Corporation which franchises midscale and economy hotels, today announced a series of organizational changes and cost cutting measures including changes to senior management, a reduction in force and the closing of the Company’s Spokane office. The changes include a reduction in workforce, executive, staff and Board compensation reductions, closing the Spokane office and the suspension of non-essential cap-ex programs.
Shares of Red Lion Hotels (NYSE:RLH) were flat in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share fell 88.24% over the past year to ($0.32), which were in line with the estimate of ($0.32).Revenue of $17,265,000 less by 33.56% year over year, which beat the estimate of $15,340,000.Looking Ahead Red Lion Hotels hasn't issued any earnings guidance for the time being.View more earnings on RLHRevenue guidance hasn't been issued by the company for now.Technicals 52-week high: $8.26Company's 52-week low was at $1.16Price action over last quarter: down 32.68%Company Overview Red Lion Hotels Corp is a hospitality group covering upscale, midscale and economy hotels with operations spread across the United States. It owns, manages and franchises hotels and owns and operates an event ticket distribution business. Their hotels are operated under the brands, Hotel RL, Red Lion Hotel, Red Lion Inn & Suites, GuestHouse and Settle Inn & Suites. It operates in two segments, Company Operated Hotels segment which involves providing room food and beverages at owned and leased hotels and Franchised hotels segment which includes licensing of brands to franchisees.See more from Benzinga * Recap: Ocwen Financial Q1 Earnings * Recap: Fly Leasing Q1 Earnings * Alliance Resource: Q1 Earnings Insights(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The backlash against large public companies receiving government PPP loans continues to grow louder.
DENVER, March 02, 2020 -- RLH Corporation (NYSE:RLH) announced today that it has closed on the sale of its Red Lion Hotel Anaheim for $21.5 million in gross proceeds. Red Lion.
Q1 2020 Red Lion Hotels Corp Earnings Call
The company, which operates nine different hotel brands, will also pause its search for a permanent CEO.
DENVER, May 04, 2020 -- RLH Corporation (NYSE:RLH) announced today that it will release its first quarter 2020 results on Friday, May 8, 2020 before the open of the market..
Red Lion Hotels Corporation (NYSE:RLH) shareholders should be happy to see the share price up 16% in the last month...
With a refreshed outlook, RLHC is approaching the next months with a focus on what matters most to its franchisees: the evaluation and implementation of common sense brand standards which focus on ROI for owners; amplifying marketing spend to increase brand contribution; targeted campaigns with input from franchisees; digital enhancements and expansion; and a commitment to development opportunities in markets that resonate with RLHC brands. Franchisee relationship building with an increase in owner engagement is the primary focus of the Company’s “back to basics” approach.
Despite the cuts, officials predicted they could nearly double the number of franchise agreements they sign for new hotels this year.
Red Lion Hotels Corporation (the “Company”) (RLH), announced today that its current Chief Financial Officer Nate Troup is leaving the Company to join Twilio (TWLO) as its Vice President, Global Controller. Mr. Troup’s last day with the Company will be May 29, 2020. RLHC has engaged Gary A. Kohn, a financial consultant with extensive public company chief financial officer experience, to support RLHC during the transition and until a replacement can be identified.
The Company - encompassing some of the continent’s most value-conscious brands - understands the necessity of assisting those who continue to work on the frontlines during these unprecedented times. To do this, RLHC has asked its approximately 1,000 hotels across North America to provide large discounts to essential workers who must leave their residences for work between April 15th and the end of June. Through this campaign, RLHC aims to relieve truck drivers, delivery personnel, construction workers, EMS teams, healthcare professionals, law enforcement agents and anyone who is continuing their hard work in essential industries during this time.
RLH Corporation (NYSE:RLH) today announced Robert Wolfe will be retiring from the Board of Directors on December 31, 2019. The Board of Directors has selected independent director R. Carter Pate (“Carter”), who has been a board member since May 2019, as Chairman. The Board and Mr. Wolfe believe this transition is opportune as the Company launches its search for a permanent Chief Executive Officer.
DENVER, May 08, 2020 -- Red Lion Hotels Corporation (the “Company”) (NYSE: RLH), a hospitality company doing business as RLH Corporation which franchises midscale and economy.
DENVER, Feb. 21, 2020 -- RLH Corporation (NYSE:RLH) announced today that it will release its fourth quarter 2019 results on Thursday, February 27, 2020 before market open. Red.