Atour Lifestyle Holdings Ltd (NAS:ATAT)

Q1 2026 Atour Lifestyle Holdings Ltd Earnings Call Transcript

May 13, 2026 / 11:00 AM GMT

Release Date Price: $37.06 (-3.39%)

Transcript

Key Points

Positve

Atour Lifestyle Holdings Ltd (ATAT) reported a 47.5% year-over-year increase in net revenues for Q1 2026, reaching RMB2,811 million.
The company's retail business saw a significant 54.4% year-over-year growth in revenue, driven by successful product innovation and increased brand recognition.
Atour Lifestyle Holdings Ltd (ATAT) opened 110 new hotels in Q1 2026, bringing the total number of hotels in operation to 2,088.
The company maintained a healthy cash position with cash and cash equivalents totaling RMB3.7 billion as of March 31, 2026.
Atour Lifestyle Holdings Ltd (ATAT) declared a cash dividend of approximately US$72 million for 2026, reflecting a commitment to shareholder returns.

Negative

Revenues from leased hotels decreased by 8.0% year-over-year to RMB118 million due to a decrease in the number of leased hotels.
The gross margin for the hotel business declined due to changes in the revenue structure.
Adjusted net profit margin for Q1 2026 decreased by 0.7 percentage points year-over-year to 17.4%.
The company experienced a faster pace of hotel closures in Q1, with 37 hotels closed, although the full-year closure target remains unchanged.
Market volatility and external environmental changes pose potential risks to the travel market and RevPAR performance in the short term.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ATAT.OQ - Atour Lifestyle Holdings Ltd
Q1 2026 Atour Lifestyle Holdings Ltd Earnings Call
May 13, 2026 / 11:00AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, thank you for standing by and welcome to Atour Lifestyle Holdings First Quarter 2026 Earnings Conference Call.

At this time, all participants are in the listen-only mode. After the speaker's presentation, there will be a Q&A session.

Today's conference is being recorded. I would now like to turn the call over to Mr. Lu Hu, IR Director.

Thank you. Please go ahead, sir.

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Unidentified_2 [2]
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Thank you, operator. Good morning and good evening, everyone. Welcome to our first-quarter 2026

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