Atour Lifestyle Holdings Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St · 08/31 13:15

Atour Lifestyle Holdings (NASDAQ:ATAT) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥1.80b (up 65% from 2Q 2023).
  • Net income: CN¥303.7m (up 28% from 2Q 2023).
  • Profit margin: 17% (down from 22% in 2Q 2023). The decrease in margin was driven by higher expenses.
  • EPS: CN¥2.20 (up from CN¥1.77 in 2Q 2023).
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NasdaqGS:ATAT Earnings and Revenue Growth August 31st 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Atour Lifestyle Holdings Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 9.6%. Earnings per share (EPS) missed analyst estimates by 67%.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Hospitality industry in the US.

Performance of the American Hospitality industry.

The company's shares are up 8.6% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Atour Lifestyle Holdings, and understanding it should be part of your investment process.