Travel + Leisure Co. (TNL) experienced a significant intraday surge, with its stock price soaring 5.27% during Wednesday's trading session.
The sharp increase follows the company's release of its fourth-quarter and full-year 2025 financial results, which exceeded analyst expectations. Travel + Leisure reported adjusted earnings per share of $1.83, beating the consensus estimate of $1.80, while revenue of $1.026 billion surpassed the forecast of $1.001 billion. Furthermore, the company's board approved a new $750 million share repurchase authorization and announced plans to recommend increasing the first-quarter 2026 dividend to $0.60 per share.
Adding to the positive sentiment, the company provided an optimistic outlook for 2026, forecasting full-year adjusted EBITDA between $1.03 billion and $1.055 billion, and first-quarter adjusted EBITDA in the range of $210 million to $220 million.