Investment Rating - The report maintains a "Buy" rating for the company [1] Core Insights - The company reported Q3 2024 revenue of 1.9 billion RMB, an increase of 46.7% year-over-year, and a net profit of 380 million RMB, up 45.3% [1] - Adjusted net profit for Q3 was 384 million RMB, reflecting a 41.2% increase, while adjusted EBITDA reached 532 million RMB, growing by 40.0% [1] - The report highlights a decline in RevPAR (Revenue per Available Room) of 10.5% year-over-year, attributed to high base effects from the previous year, but anticipates a recovery in Q4 [1] Summary by Sections Financial Performance - Q3 RevPAR was 380 RMB, down 10.5%, with same-store RevPAR declining by 8.4% [1] - Occupancy rate (OCC) was 80.3%, a decrease of 2.1 percentage points, while Average Daily Rate (ADR) was 456 RMB, down 8.0% [1] - Retail GMV (Gross Merchandise Volume) for Q3 was 570 million RMB, showing a growth of 108% [1] Business Growth - The company opened 140 new hotels in Q3, reaching a total of 1,533 hotels, a 38% increase year-over-year [1] - The pipeline includes 732 hotels, with a strong signing intention [1] - The introduction of a new high-end brand is expected to enhance the company's multi-brand strategy [1] Future Outlook - The report projects adjusted net profits for 2024E, 2025E, and 2026E to be 1.29 billion RMB, 1.58 billion RMB, and 1.97 billion RMB respectively, with corresponding P/E ratios of 21, 17, and 14 [1]

Exhibit 99.1 Atour Lifestyle Holdings Limited Reports Third Quarter of 2024 Unaudited Financial Results The revenue per available room ("RevPAR") was RMB380 for the third quarter of 2024, compared with RMB424 for the same period of 2023 and RMB359 for the second quarter of 2024. SHANGHAI, China, November 19, 2024 -- Atour Lifestyle Holdings Limited ("Atour" or the "Company") (NASDAQ: ATAT), a leading hospitality and lifestyle company in China, today announced its unaudited financial results for the third qu ...

Core Viewpoint Atour Lifestyle Holdings Limited reported strong financial and operational performance for the third quarter of 2024, with significant year-over-year increases in revenues, net income, and hotel network expansion, indicating robust growth in both its hotel and retail segments. Financial Performance - Net revenues for Q3 2024 increased by 46.7% year-over-year to RMB1,899 million (US$271 million) from RMB1,294 million in Q3 2023 [9][22] - Net income for Q3 2024 rose by 45.3% year-over-year to RMB381 million (US$54 million), compared to RMB262 million in Q3 2023 [22] - Adjusted net income (non-GAAP) for Q3 2024 increased by 41.2% year-over-year to RMB384 million (US$55 million) from RMB272 million in Q3 2023 [23] - EBITDA (non-GAAP) for Q3 2024 grew by 42.9% year-over-year to RMB529 million (US$75 million) compared to RMB370 million in Q3 2023 [24] - Adjusted EBITDA (non-GAAP) for Q3 2024 increased by 40.0% year-over-year to RMB532 million (US$76 million) from RMB380 million in Q3 2023 [25] Operational Highlights - As of September 30, 2024, Atour operated 1,533 hotels with a total of 175,199 hotel rooms, representing increases of 37.9% and 36.1% year-over-year, respectively [3] - The company opened 140 new hotels during Q3 2024, setting a quarterly record [6] - There are 732 manachised hotels under development in the pipeline as of September 30, 2024 [3] Key Metrics - The average daily room rate (ADR) for Q3 2024 was RMB456, down from RMB495 in Q3 2023 [4] - The occupancy rate for Q3 2024 was 80.3%, compared to 82.4% in Q3 2023 [4] - Revenue per available room (RevPAR) for Q3 2024 was RMB380, down from RMB424 in Q3 2023 [4] Retail Business Performance - Gross merchandise value (GMV) from the retail business for Q3 2024 was RMB566 million, representing a 107.7% year-over-year increase [5] - Retail revenues for Q3 2024 increased by 104.0% to RMB480 million (US$68 million) from RMB235 million in Q3 2023 [12] Cost and Expense Analysis - Total operating costs and expenses for Q3 2024 were RMB1,442 million (US$205 million), up from RMB959 million in Q3 2023 [14] - Hotel operating costs for Q3 2024 were RMB876 million (US$125 million), compared to RMB617 million in Q3 2023 [15] - Selling and marketing expenses for Q3 2024 were RMB218 million (US$31 million), up from RMB112 million in Q3 2023 [18] Outlook - For the full year of 2024, the company expects total net revenues to increase by 48% to 52% compared to full-year 2023 [28]

Atour Lifestyle Holdings Limited (ATAT) is scheduled to release third-quarter 2024 results on Nov. 19, 2024.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The Zacks Consensus Estimate for ATAT’s third-quarter earnings per share is pegged at 38 cents, indicating 40.7% growth from 27 cents reported in the prior-year quarter. The consensus mark has increased 5.6% in the past 60 days.Image Source: Zacks Investment ResearchThe consensus mark for third-quarter revenues is pegged at $264. ...

Investment Rating - The report assigns a "Buy" rating to Atour Lifestyle Holdings Limited (ATAT US) with a target price of $32 5, representing a 23 1% upside from the current price [1] Core Views - Atour is a leading player in China's mid-to-high-end hotel industry, with a strong brand and high-quality service [1] - The company has achieved rapid expansion through a light-asset franchise model, with 1,412 hotels and 161,686 rooms as of FY24Q2 [1] - Atour has developed a robust membership system, with over 76 million members and a member repurchase rate increasing from 45% in 2019 to 58% in 2022 [1] - The company's recovery from the pandemic has been industry-leading, with RevPar reaching 114% of 2019 levels [1] - Atour's retail business, Atour Market, has become a significant growth driver, contributing 20 8% of total revenue in 2023 [1] Company Overview - Atour operates six hotel brands and a retail brand, Atour Market, with 1,412 hotels and 161,686 rooms as of FY24Q2 [1][2] - The company has a strong customer satisfaction record, ranking first among six major mid-to-high-end hotel chains since 2017 [2] - Atour's brands include Atour, Atour S, Atour Light, Atour X, Z Hotel, and A T HOUSE, catering to different market segments [3] Business Model - Atour primarily uses a franchise model for expansion, with 98% of its hotels being franchised as of FY24Q2 [10] - The company's revenue is mainly driven by franchise fees, with franchise hotel revenue accounting for 58% of total revenue in 2023 [12] - Atour's retail business has seen rapid growth, with revenue increasing from RMB 69 million in 2019 to RMB 972 million in 2023 [13] Industry Overview - China's hotel industry is undergoing structural changes, with the mid-to-high-end segment growing rapidly [1] - The industry's chain rate has increased from 20% in 2017 to 41% in 2023, with further growth expected to 47 8% by 2026 [17][18] - The mid-to-high-end hotel market is the fastest-growing segment, with total revenue increasing from RMB 19 5 billion in 2016 to RMB 65 9 billion in 2021 [27] Competitive Advantages - Atour has a strong focus on customer experience, with a well-designed service process and a unique "peak-end" service concept [36][37] - The company's membership system is highly effective, with a low entry barrier and attractive benefits, leading to high member loyalty [39][42] - Atour's retail business has become a significant growth driver, with GMV reaching RMB 1 14 billion in 2023, up 253% YoY [48][51] Operational Performance - Atour's operational recovery has been industry-leading, with RevPar reaching 114% of 2019 levels [1] - The company's occupancy rate in 2023 was 78%, close to the industry leader Huazhu Group [53] - Atour's retail business has seen rapid growth, with revenue increasing from RMB 69 million in 2019 to RMB 972 million in 2023 [13]

SHANGHAI, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Atour Lifestyle Holdings Limited (“Atour” or the “Company”) (NASDAQ: ATAT), a leading hospitality and lifestyle company in China, today announced that it will report its unaudited financial results for the third quarter 2024 on Tuesday, November 19, 2024, before the U.S. markets open. The Company will host a conference call at 7:00 AM U.S. Eastern time on Tuesday, November 19, 2024 (or 8:00 PM Beijing/Hong Kong time on the same day). A live webcast of the conferen ...

The primary purpose of a business is to generate profits that can be reinvested for its expansion or utilized for rewarding shareholders. Net profit margin is an effective tool to measure the profits reaped by a business. A higher net margin underlines a company's efficiency in translating sales into actual profits. Moreover, this metric gives insight into how well a company is run and the headwinds weighing on it. Vertiv Holdings Company (VRT) , Limbach Holdings, Inc. (LMB) , Atour Lifestyle Holdings Limit ...

Atour Lifestyle (NASDAQ: ATAT ) is a dominant player in the upper middle segment of China's hotel industry. The Blue Ocean market it is in poises it for consistent growth in the future. Its booming retail segmentLong only, with a focus on Chinese companiesI am currently pursuing a Bachelor of Science from Tsinghua University, majoring in Finance and Economics, with a specialization in Accounting. Investing has always been intriguing for me. I managed to hone my analytical skills in Gen Z club, a student-led ...

Investors can be lured by profits and earnings surprises in the ongoing reporting cycle. However, during this earnings season and beyond, betting on stocks with a healthy cash level can be far more rewarding because cash is the lifeblood of a company’s existence, a measure of resiliency and a revelation of its true financial health.In this regard, stocks like Atour Lifestyle Holdings Limited (ATAT) , Limbach Holdings, Inc. (LMB) , LSI Industries Inc. (LYTS) and Euroseas Ltd. (ESEA) are worth buying.Even aft ...

Atour Lifestyle Holdings Limited’s (ATAT) stock has showcased a remarkable 43.7% rally over the past month, significantly outpacing the industry’s 15.8% rise. The recent increase in share price can be primarily attributed to the fiscal stimulus from the People's Bank of China, which included interest rate cuts and enhanced funding opportunities. Recently, the company also unveiled a three-year annual dividend policy, which boosted investor sentiment.The company’s stock has also outperformed other Consumer D ...