Atour Lifestyle Impresses With Strong Quarterly Results and Announces a Share Buyback Program — Stock Reaches new all-Time High!

Atour Lifestyle from China should continue to be on your radar. The stock has been listed on Nasdaq since the end of 2002 and is now breaking out of a base. The company operates a chain of hotels in China, managing over 1,530 hotels, targeting the upscale mid-range segment. The company, which I have already talked about earlier this year, published its Q1 results on May 22. Revenue was slightly above consensus at RMB 1.91 billion compared to the expected RMB 1.88 billion. For the full year, a revenue growth of 25 to 30% is anticipated. The company...