Atour Lifestyle Holdings Limited American Depositary SharesATAT
Mentioned
Impact on stocks 1
Consumer Discretionary
Atour Lifestyle Holdings Limited American Depositary SharesAtour Lifestyle Holdings reported second-quarter net revenues of RMB3.490 billion, up 41.4% year over year, driven by a 63.2% surge in retail revenues to RMB1.575 billion. Hotel revenues rose 32.8% to RMB1.725 billion, while leased hotel revenues fell 11.8% to RMB132 million. Adjusted net profit margin declined 1.3 percentage points to 16.0%, and the company raised its full-year retail revenue growth guidance to 40%. Atour opened 101 hotels in the quarter, bringing total hotels in operation to 2,175, with 811 in the pipeline, and its registered membership reached 120 million.