Atour Lifestyle Holdings Earnings Call Transcripts
Fiscal Year 2025
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Achieved strong growth in both hotel and retail segments in 2025, with managed hotel revenues up 28% and retail revenues up 67% year-over-year. 2026 guidance calls for 20%-24% revenue growth and 25%-30% retail revenue growth, with a slight decline in net profit margin expected.
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Q3 2025 saw 38.4% revenue growth, record hotel expansion, and robust retail gains. Net income and EBITDA rose over 27% year-over-year, with strong cash reserves and a raised full-year outlook. Shareholder returns exceeded prior commitments.
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Q2 2025 saw 37.4% revenue growth and 30.2% higher adjusted net income, driven by hotel expansion and booming retail sales. Full-year revenue is guided up 30%, with retail growth raised to 60%, though net profit margin will decline due to a higher tax rate and retail mix.
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Q1 2025 saw 29.8% revenue growth year-over-year, driven by robust retail and hotel expansion, despite macro volatility. Retail GMV surged 70.9%, and 121 new hotels opened. Full-year revenue growth guidance was raised to 25%-30%, with retail guidance up to 50%.
Fiscal Year 2024
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Record hotel openings and retail growth drove a 55.3% revenue increase in 2024, with 2025 guidance targeting 25% revenue growth and 500 new hotel openings. Retail is expected to outpace hotel growth, and margins are projected to remain stable.
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Q3 2024 saw 46.7% revenue growth year-over-year, driven by hotel network expansion and retail momentum. Guidance for 2024 revenue growth is maintained at 48%-52%, with new hotel openings guidance raised to 450. Retail business continues to outpace hotel growth.
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Q2 2024 saw 64.5% revenue growth, record hotel openings, and surging retail sales. Full-year revenue guidance was raised to 48%-52% growth, with margins stable despite RevPAR volatility. A new dividend policy and product launches further strengthened market position.