Jun 2026 (Q2 FY26) — Aug 20, 2026
Atour Lifestyle Holdings Q2 FY26 — Strong Retail Growth and Hotel Network Expansion
Read the full callAtour Lifestyle Holdings (ATAT) earnings
- Mar 2024
- Jun 2026 (Q2 FY26)
- Dec 2025
Atour Lifestyle Holdings earnings: last reported Thu, 20 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 203 | −73.7% YoY | Quarterly, as filed | Quarter to Mar 2024 | Revenue from operations as filed. |
| Operating margin | 22.1 | +14.1 pts YoY | Operating profit / revenue | Quarter to Mar 2024 | For the quarter; a change is in percentage points. |
| Net profit | 35.6 | +99.2% YoY | Quarterly, as filed | Quarter to Mar 2024 | Profit after tax as filed. |
Guidance
What management said, and what became of it
12 of 14 judged targets kept · 11 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Total net revenue growth | Increase 20% to 24% year-over-year | Dec 2025 | we currently expect total net revenues to increase by 30% | Revised Up |
| Group effective tax rate | Expected to rise compared to last year | Jun 2026 | the group's effective tax rate is also expected to rise compared to last year | New |
2 of Atour Lifestyle Holdings Ltd's 25 targets were missed. See which ones, and which are quietly gone. The 2 above are the free sample; 23 more targets are in the full ledger.
Claimed
- Retail revenue reached RMB 1.575 billion, up 63% year-over-year.
- Total net revenues grew by 41.4% year-over-year to RMB 3,490 million.
- Opened 101 new hotels in Q2, bringing the total to 2,175 hotels in operation.
- Atour Origin hotels RevPAR exceeded RMB 450 in Q2, highlighting strong differentiation.
- SAVHE hotels, the upscale lifestyle brand, achieved RevPAR exceeding RMB 1,000.
Qualified
- Adjusted net profit margin decreased by 1.3 percentage points year-over-year to 16.0%.
- Adjusted EBITDA margin decreased by 1.2 percentage points year-over-year to 23.5%.
- Revenues from leased hotels decreased by 11.8% year-over-year due to a reduction from 24 to 19 hotels.
- Full year net profit margin is expected to see a slight year-on-year decline due to revenue mix shift and higher tax rate.
Price
$33.51 +2.73% · +$0.89
Performance −5.3% 1Y
1Y: $35.39 on 14 Oct 2025 → $33.51. High $42.9 (3 Dec 2025), low $31.03 (14 Jul 2026).
- Previous close
- $32.62
- 52-week range
- $31.03 – $42.9
- One year
- −8.34%
Overview
- Symbol
- ATAT
- Sector
- Consumer Discretionary
- Industry
- Hotels & Motels
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
12 of 14 judged targets kept · 11 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Total net revenue growth | Increase 20% to 24% year-over-year | Dec 2025 | we currently expect total net revenues to increase by 30% | Revised Up |
| Group effective tax rate | Expected to rise compared to last year | Jun 2026 | the group's effective tax rate is also expected to rise compared to last year | New |
Claimed
- Retail revenue reached RMB 1.575 billion, up 63% year-over-year.
- Total net revenues grew by 41.4% year-over-year to RMB 3,490 million.
- Opened 101 new hotels in Q2, bringing the total to 2,175 hotels in operation.
- Atour Origin hotels RevPAR exceeded RMB 450 in Q2, highlighting strong differentiation.
- SAVHE hotels, the upscale lifestyle brand, achieved RevPAR exceeding RMB 1,000.
Qualified
- Adjusted net profit margin decreased by 1.3 percentage points year-over-year to 16.0%.
- Adjusted EBITDA margin decreased by 1.2 percentage points year-over-year to 23.5%.
- Revenues from leased hotels decreased by 11.8% year-over-year due to a reduction from 24 to 19 hotels.
- Full year net profit margin is expected to see a slight year-on-year decline due to revenue mix shift and higher tax rate.
The full ledger
Open Atour Lifestyle Holdings Ltd’s full ledger
A free account opens 5 company ledgers a month. All 25 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — May 13, 2026
Atour Lifestyle Holdings Q1 FY26 — Strong Retail Growth and Network Expansion
Read the full callEvery analysed call
Atour Lifestyle Holdings earnings calls (ATAT)
Financials
What the filings say
Net profit, year on year: +99% (quarter to mar 2024 against mar 2023).
| Line item | Mar 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|
| Sales | 774 | 224 | 203 |
| Expenses | 719 | 197 | 160 |
| Operating profit | 62 | 33 | 45 |
| Operating margin | 8.0% | 14.7% | 22.1% |
| Interest | 2 | 0 | 0 |
| Profit before tax | 71 | 36 | 48 |
| Tax rate | 74.4% | 9.1% | 25.6% |
| Net profit | 18 | 33 | 36 |
| EPS ($ per share) | 0.05 | — | 0.09 |
| Line item | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Reserves | — | -28 | -11 | 71 | 184 | 314 |
| Total liabilities | — | 265 | 518 | 638 | 676 | 799 |
| Fixed assets | — | 69 | 52 | 37 | 29 | 32 |
| Investments | — | — | 23 | 106 | 173 | 366 |
| Total assets | — | 353 | 690 | 928 | 1,079 | 1,311 |
| Line item | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Cash from operations | 18 | 66 | 41 | 280 | 236 | 285 |
| Cash from investing | -16 | -7 | -28 | -85 | -71 | -190 |
| Cash from financing | 7 | -25 | 66 | -21 | -58 | -132 |
| Net cash flow | 9 | 32 | 80 | 176 | 107 | -43 |
| Capital expenditure | -17 | -10 | -5 | -6 | -8 | -12 |
| Free cash flow | 1 | 56 | 36 | 274 | 229 | 273 |
ATAT operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| New stores opened | 110In the first quarter, we opened 110 new hotels.Source: earnings call transcript | 101In the second quarter, we opened 101 new hotels.Source: earnings call transcript | -8.2% |
| Properties | 2,088By the end of the first quarter, our total number of hotels in operation reached 2,088.Source: earnings call transcript | 2,175By the end of the second quarter, our total number of hotels in operation reached 2,175 and our pipeline of hotels under development remained at a healthy level of 811.Source: earnings call transcript | +4.2% |
| Loyalty program members | 116MBy the end of the first quarter, our registered individual members reached 116 million, representing a 20% year-over-year increase.Source: earnings call transcript | 120MBy the end of the second quarter, Atour had 120 million registered individual members as our membership base has gone the strategic growth of our membership ecosystem has become clearer.Source: earnings call transcript | +3.4% |
| Properties Leased hotels | 19The total number of our leased hotels decreased from 25 as of March 31, 2025, to 19 as of March 31, 2026.Source: earnings call transcript | 19The total number of our leased hotels decreased from 24 as of June 30, 2025, to 19 as of June 30, 2026.Source: earnings call transcript | 0% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
No filings in the last 12 months.
No officer, director or 10% owner of ATAT filed a Form 4 in this window. That is a statement about filings, not about ownership — see the note below.
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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