China Lodging Group (HTHT) Reports Q1 EPS of $0.28, Miss on Revenues

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Go back to China Lodging Group (HTHT) Reports Q1 EPS of $0.28, Miss on Revenues

China Lodging Group, Limited Reports First Quarter of 2018 Financial Results

May 14, 2018 5:00 PM EDT

A total of 3,817 hotels or 384,959 hotel rooms in operation as of March 31, 2018.Net revenues increased 29.6% year-over-year from RMB1,614.1 million to RMB2,091.2 million (US$333.4 million)1 for the first quarter of 2018exceeding the higher end of our Q1 Guidance. Net revenues in 2018Q1 and the comparative for 2017 has reflected the changes in the accounting for revenue recognition in the US GAAP effective from January 1, 2018. Excluding the impact of such accounting changes, the revenue growth in Q1 under the previous accounting standards on revenue recognition would have been... More