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Atour Lifestyle Holdings Ltd (NASDAQ:ATAT) reported third-quarter FY23 sales growth of 93.1% year-on-year to RMB1.294 billion ($177 million).
As of September 30, 2023, the company had 1,112 hotels with a total of 128,681 hotel rooms in operation, 26.4% and 25.3% Y/Y, respectively.
The average daily room rate (ADR) was RMB495, which recovered to 111.2% of 2019's level for the same period.
The operating income increased 130% Y/Y to RMB 341.3 million ($46.8 million). Operating cash flow for the quarter totaled RMB 543.1 million ($74.4 million).
The occupancy rate for Q3 was 82.4%, which recovered to 106.6% of 2019's level for the same period.
The company held RMB2.2 billion ($301 million) in cash and equivalents as of September 30, 2023.
EPS for the quarter was RMB0.63 ($0.09). Adjusted EBITDA increased 122.4% to RMB380 million ($52 million).
Price Action: ATAT shares are trading lower by 4.84% at $18.66 on the last check Thursday.
Posted In: ATAT
