How did SKIN's revenue and expenses trend in Q4 2024?


Aime
Atour Lifestyle Holdings Limited (SKIN) experienced notable growth in its retail and hospitality segments in Q4 2024, contributing to overall revenue increases and improved net income.
- Revenue Growth:
- The company's net revenues for the fourth quarter of 2024 increased by 38.5% to RMB2,084 million ($286 million), compared to RMB1,505 million for the same period of 20231.
- For the full year of 2024, net revenues surged by 55.3% to RMB7,248 million ($993 million), up from RMB4,666 million in 20231.
- Net Income Increase:
- Net income for the fourth quarter of 2024 rose by 50.5% to RMB331 million ($45 million), compared to RMB220 million in the same quarter of 20231.
- The full-year net income increased by 72.2% to RMB1,273 million ($174 million), up from RMB739 million in 20231.
- EBITDA and Adjusted EBITDA Growth:
- EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for the fourth quarter of 2024 jumped by 77.2% to RMB440 million ($60 million), compared to RMB248 million in the prior year quarter1.
- Adjusted EBITDA for Q4 2024 grew by 76.5% to RMB443 million ($61 million), up from RMB251 million in the same period of 20231.
- Expense Management:
- General & Administrative Expenses declined approximately $15 million year over year2.
- The company reduced outstanding debt by $25 million2.
- Overall Financial Health:
- As of December 31, 2024, 95% of the 1,182,000 net rentable square feet were leased3.
- The company funded $30.7 million in capital expenditures and paid $8.2 million in cash dividends3.
In conclusion, SKIN's revenue and net income saw significant improvements in Q4 2024, driven by robust growth across its retail and hospitality segments. Enhanced operational efficiency and effective cost management contributed to these positive financial outcomes.
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