By Connor Hart

Shares of Travel + Leisure climbed to a new all-time high after the company raised its full-year outlook as its notched higher profit and revenue in the third quarter.

The stock rose 12% to $68.10 on Wednesday, extending its 35% gain since the beginning of the year.

The travel company before the bell posted a profit of $111 million, or $1.67 a share, up from $97 million, or $1.39 a share, a year earlier.

Stripping out certain one-time items, adjusted earnings were $1.80 a share. Analysts polled by FactSet expected $1.71 a share.

Revenue rose 5.1% to $1.04 billion, narrowly ahead of the $1.03 billion that Wall Street modeled.

Vacation ownership revenue increased 6% to $876 million, while travel and membership revenue edged up 1% to $169 million. Volume per guest rose 10% to $3,304.

Chief Executive Michael Brown said the company has benefited from its multi-brand strategy, which has included the launch of the Eddie Bauer Adventure Club and the announcement of a Sports Illustrated Resort in Chicago.

"These partnerships expand our reach to new audiences, strengthen our brand portfolio, and reinforce our ability to deliver exceptional vacation experiences," he said.

For the year, Travel + Leisure raised the low-end of its adjusted earnings before interest, taxes, depreciation and amortization outlook to $965 million from $955 million, while maintaining the high-end at $985 million.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

October 22, 2025 11:23 ET (15:23 GMT)

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