Abstract

Ryman Hospitality Properties will release its quarterly results on February 23, 2026 Post Market, with investors watching revenue, margins, and EPS as guidance and consensus coalesce around mid-single-digit EPS growth and high-single-digit revenue expansion.

Market Forecast

Consensus compiled from the company’s latest guidance framework implies current-quarter revenue of $717.83 million, with year-over-year growth of 9.33%; EPS is estimated at $1.21, up 0.03%; EBIT is estimated at $127.58 million, with a year-over-year change of -5.85%. While margin guidance is not explicitly detailed, the last-reported gross profit margin was 29.44% and net profit margin was 5.89%, anchoring expectations for mid-to-high 20s gross margin and mid-single-digit net margin this quarter. The company’s hospitality platform continues to be driven by Food & Beverage, Rooms, and Entertainment, with Food & Beverage revenue of $233.67 million last quarter underpinning group and leisure activity momentum. Entertainment appears positioned as the most promising segment by contribution growth potential, with revenue of $91.59 million last quarter and ongoing programming and events supporting demand on a year-over-year basis.

Last Quarter Review

Ryman Hospitality Properties reported revenue of $592.46 million last quarter, with a gross profit margin of 29.44%, GAAP net profit attributable to the parent company of $34.89 million, a net profit margin of 5.89%, and adjusted EPS of $0.53, reflecting year-over-year change of -43.62% from the prior year’s comparable period. The company delivered a modest top-line beat versus consensus, supported by stronger-than-expected event activity and ancillary spend across its large-format hospitality assets. Main business momentum was led by Food & Beverage at $233.67 million, Rooms at $195.23 million, Entertainment at $91.59 million, and Other Hotel revenue at $71.97 million, with the mix indicating robust group catering and sustained occupancy.

Current Quarter Outlook

Main Hospitality Operations

The core hospitality operations remain the central driver of this quarter’s results, encompassing lodging and on-site services tied to group meetings, conventions, and destination leisure travel. After a quarter featuring a 29.44% gross margin and 5.89% net margin, investors will assess whether operating efficiencies and pricing can hold as seasonal calendar dynamics shift into the early-year convention cycle. Group booking activity supports steady occupancy, yet the EBIT forecast indicates cost pressure or event timing impacts relative to last year, with a -5.85% year-over-year change despite revenue growth. In practice, this mix signals higher operating costs, potentially including wage and utility inflation, along with programming investment, which may compress operating margins even as revenue grows.

Most Promising Segment: Entertainment

Entertainment is poised to contribute outsized growth optionality due to ongoing programming, events scheduling, and cross-venue curation across the company’s portfolio. The last quarter’s $91.59 million in Entertainment revenue provides a foundation, and with the broader hospitality environment showing stable demand, performance and events should sustain robust attendance and ancillary sales. The segment’s trajectory often correlates with the calendar of marquee shows and seasonal tourism, especially in destinations where the company concentrates its assets; layered marketing and dynamic ticketing can expand per-guest monetization. Key factors to watch this quarter include the cadence of event dates around late winter and early spring, the degree of sell-through, and the operating leverage that follows higher volume, which may partially offset cost inflation affecting EBIT at the consolidated level.

Stock Price Drivers This Quarter

Earnings-day stock performance is likely to be driven by the delta between reported revenue and the $717.83 million forecast, the margin profile relative to the prior quarter’s 29.44% gross and 5.89% net margins, and the EPS delivery against the $1.21 estimate. Given the implied negative year-over-year change in EBIT despite revenue expansion, investors will scrutinize expense lines, including labor and utilities, as well as management commentary around pricing power and booking pace. Guidance for the remainder of the year, especially around group bookings, ADR (average daily rate), and event programming, may steer sentiment: stronger-than-expected demand indications could offset EBIT headwinds, while cautious commentary or soft visibility would weigh on the shares. Finally, segment disclosures—particularly the momentum in Entertainment and Food & Beverage relative to Rooms—will shape views on the sustainability of the revenue mix and potential operating leverage into subsequent quarters.

Analyst Opinions

Across recent institutional commentary, the prevailing tone is constructive, with the majority leaning bullish on Ryman Hospitality Properties into the February 23, 2026 release. Analysts highlight resilient demand in the group-focused hospitality niche and the company’s ability to monetize Food & Beverage and Entertainment as complementary revenue streams to Rooms. The view emphasizes that near-term EBIT softness is largely attributable to timing and cost pressures rather than deteriorating demand, with upside contingent on sustained bookings and efficient event execution through the early-year convention season. Several noted research desks underscore that stable revenue growth and improving booking visibility justify maintaining positive expectations, provided margin management initiatives can absorb inflationary costs and protect EPS progression. The majority opinion concludes that the mix of recurring group business and high-traffic destination programming presents a compelling setup for steady revenue gains, while margin normalization remains the key variable for share performance in the current quarter.