March 12, 2020 / 9:14 PM / 17 days ago

BRIEF-Extended Stay America Provides Guidance Update

March 12 (Reuters) - Extended Stay America Inc:

* EXTENDED STAY AMERICA PROVIDES GUIDANCE UPDATE

* EXTENDED STAY AMERICA INC UPDATED ITS Q1 2020 GUIDANCE AND WITHDREW PREVIOUSLY ISSUED FULL-YEAR 2020 GUIDANCE

* EXTENDED STAY AMERICA - NOW EXPECTS Q1 REVPAR GROWTH, ADJUSTED EBITDA WILL LIKELY BE MODESTLY BELOW LOW END OF FEBRUARY 26, 2020 GUIDANCE RANGE

* EXTENDED STAY AMERICA INC SAYS EXPECTS CAPITAL EXPENDITURES IN 2020 TO BE SOMEWHAT LOWER THAN OUR FEBRUARY GUIDANCE

* EXTENDED STAY AMERICA - UPDATED ITS Q1 GUIDANCE AND WITHDREW 2020 GUIDANCE IN LIGHT OF ONGOING IMPACT OF GLOBAL CORONAVIRUS OUTBREAK

* EXTENDED STAY AMERICA - EFFORT TO ENSURE CASH POSITION REMAINS STRONG, INTENDS TO FULLY DRAW $400 MILLION IN REVOLVER CAPACITY Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below