China Lodging Group (HTHT) Reports Q2 EPS of RMB2.59, Offers Outlook

China Lodging Group (NASDAQ: HTHT) reported Q2 EPS of RMB2.59, versus RMB2.11 reported last year. Revenue for the quarter came in at RMB1.48 billion, versus RMB1.21 billion reported last year.

Business Outlook and Guidance for Third Quarter of 2015

"We remain confident about the long-term prospects of the overall travel and lodging market in China. Thanks to our successful brand positioning and proven results, we have continued to see a robustly growing pipeline, with another record high of 740 hotels as end of second quarter this year. In particular, the number of manachised and franchised hotels in the pipeline grew by 57% year-over-year. We are excited about the growth of our core brand HanTing and the successful roll-out of our new brands among customers and franchisees," commented Mr. Qi Ji, founder, and Executive Chairman of China Lodging Group.

Mr. Ji added, "We focus on strengthening our diversified brand portfolio, building scale, elevating customer experience and generating profits to hotel owners through highly-efficient operations. We look forward to deliver long-term value to our shareholders."

The Company expects net revenues for the third quarter of 2015 to grow 11.5% to 13.5% year-over-year. The Company raised full year net revenues forecast to grow 11.5% to 13.5%.

The above forecast reflects the Company's current and preliminary view, which is subject to change.

For earnings history and earnings-related data on China Lodging Group (HTHT) click here.

You May Also Be Interested In

• Lockheed Martin (LMT) Tops Q1 EPS by 53c, Beats on Revenue; Offers FY24 Guidance
• GATX Corp. (GATX) Tops Q1 EPS by 25c
• NextEra Energy (NEE) Tops Q1 EPS by 16c, provides guidance