Atour Lifestyle Holdings Limited (ATAT)
NASDAQ:ATAT
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Earnings Data
Report Date
Sep 02, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.56Last Year’s EPS
0.45Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a predominantly positive operational and financial picture: robust top-line growth (net revenues +47.5% YoY), strong retail momentum (retail +54.4% YoY and raised guidance), healthy hotel revenue expansion (manachised hotels +51.9% YoY), improving adjusted EBITDA margin and a solid cash position with active shareholder returns. Offsetting items include mix-driven hotel gross margin pressure, a small decline in adjusted net profit margin, a reduction in leased-hotel revenue and a concentrated set of hotel closures in Q1, along with some RevPAR pressure for mature hotels and market volatility in the near term. Overall, the positives (strong revenue growth, product traction, membership expansion, upgraded retail guidance and balance-sheet strength) outweigh the negatives, supporting a constructive outlook while management remains cautious on short-term RevPAR volatility.Company Guidance
Strong Overall Revenue Growth
Net revenues grew 47.5% year-over-year to RMB 2,811 million in Q1 2026, driven by expansion of the hotel network and retail momentum.
Retail Business Surge and Upgraded Full-Year Guidance
Retail revenue increased 54.4% year-over-year to RMB 1,071 million; retail gross profit rose 58.3% YoY to RMB 564 million. Management raised full-year retail revenue guidance to +30% to +35% YoY.
Hotel Segment Revenue Expansion (Manachised Hotels)
Revenues from manachised hotels grew 51.9% year-over-year to RMB 1,568 million, supported by network growth and supply chain development.
RevPAR, ADR and Occupancy Year-over-Year Improvement (Portfolio-level)
Company RevPAR reached RMB 311.6 in Q1 2026 (102.4% of Q1 2025). Occupancy was 100.6% and ADR was 102.1% of prior-year levels, reflecting ADR-led recovery and value-based competition.
Brand and Product Milestones
Atour Origin RevPAR for in‑operation hotels exceeded RMB 400; SAVHE RevPAR exceeded RMB 910 with ADR > RMB 1,000; Atour Light 3.3 RevPAR was >10% higher than Atour Light 3.0. Atour 3.6 and other product launches continue to receive positive market feedback.
Retail Product Traction and GMV Milestone
Deep Sleep Thermo-Regulating Comforter Pro 3.0 (summer) achieved GMV > RMB 100 million within 45 days; cumulative sales for the comforter series exceeded 3 million units since launch.
Membership and Customer Base Growth
Registered individual members reached 116 million, representing a 20% year-over-year increase, supporting cross-business synergy between hotel and retail.
Profitability and Margin Trends (Adjusted EBITDA)
Adjusted EBITDA margin improved to 25.5% in Q1 2026, up 0.6 percentage points year-over-year, indicating operational leverage despite some margin mix effects.
Strong Balance Sheet and Shareholder Returns
Cash and cash equivalents totaled RMB 3.7 billion with net cash of RMB 3.4 billion as of March 31, 2026. Declared a cash dividend of ~USD 72 million (~31% of prior year net profit) and repurchases exceeded USD 100 million to date.
Network Expansion and Pipeline
Opened 110 new hotels in Q1; total hotels in operation reached 2,088 and the development pipeline remained at 751 projects, supporting growth capacity.
ATAT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ATAT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 13, 2026 | $38.36 | $37.06 | -3.39% |
Mar 17, 2026 | $34.94 | $37.03 | +5.98% |
Nov 25, 2025 | $37.54 | $36.87 | -1.78% |
Aug 26, 2025 | $34.83 | $36.86 | +5.83% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Atour Lifestyle Holdings Limited (ATAT) report earnings?
Atour Lifestyle Holdings Limited (ATAT) is schdueled to report earning on Sep 02, 2026, Before Open (Confirmed).
What is Atour Lifestyle Holdings Limited (ATAT) earnings time?
Atour Lifestyle Holdings Limited (ATAT) earnings time is at Sep 02, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ATAT EPS forecast?
ATAT EPS forecast for the fiscal quarter 2026 (Q2) is 0.56.