Tuniu (NASDAQ:TOUR) Stock

Tuniu

Tuniu Corp is an online leisure travel company. The company is engaged in the provision of travel-related services in the People's Republic of China. It offers a large selection of packaged tours, including organized tours and self-guided tours, as well as travel-related services for leisure travelers. The company's organized tours provide pre-arranged itineraries, transportation, accommodations, entertainment, meals, and tour guide services. Its self-guided tours consist of combinations of flights and hotel bookings and other optional add-ons. All the company's revenues are derived from within the People's Republic of China.

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Key Takeaways:


	Huoli has filed to list in Hong Kong, reporting its travel service revenue rose 22% and gross margin improved by 1.2 percentage points in the first half of 2024
	The company is a distant third in China’s online travel market, behind industry leaders Trip.com and Tongcheng 


 By Edith Terry

Huoli Rides China Travel Boom To Hong Kong IPO

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Tuniu sees significant revenue growth in Q4 2023, driven by packaged tours, and initiates a $10 million share repurchase program.

Why Is Online Leisure Travel Company Tuniu Stock Rising Today?

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U.S. stocks turned lower midway through trading, with the Dow Jones dropping around 50 points on Thursday.

The Dow traded down 0.15% to 33,897.48 while the NASDAQ fell 0.12% to 11,896.28. The S&amp;P 500 also fell, dropping, 0.17% to 4,110.99.

US Stocks Turn Lower; Dow Drops 50 Points

Tuniu Corporation - American Depositary Shares

Tuniu Corp

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Business Outlook
For the fourth quarter of 2024, Tuniu expects to generate RMB100.0 million to RMB105.0 million of net revenues, which represents a 0% to 5% increase year-over-year compared with net revenues in the corresponding period in 2023. This forecast reflects Tuniu's current and preliminary view on the industry and its operations, which is subject to change.

Tuniu Expects Q4 Revenue Of RMB100.0M-RMB105.0M, Up By 0%-5% YoY

Tuniu Q3 EPADS $0.06, Same YoY, Sales $26.50M Up From $24.42M YoY

<h3>Companies Reporting Before The Bell</h3>
• John Wiley &amp; Sons (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLY#NYSE">WLY</a>) is likely to report quarterly earnings at $0.70 per share on revenue of $420.00 million. 
• America's Car-Mart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRMT#NASDAQ">CRMT</a>) is projected to report quarterly loss at $0.10 per share on revenue of $344.37 million. 
• Science Applications Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIC#NASDAQ">SAIC</a>) is expected to report quarterly earnings at $2.16 per share on revenue of $1.93 billion. 
• Patterson Cos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDCO#NASDAQ">PDCO</a>) is likely to report quarterly earnings at $0.49 per share on revenue of $1.65 billion. 
• Methode Electronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MEI#NYSE">MEI</a>) is estimated to report quarterly loss at $0.16 per share on revenue of $268.46 million. 
• Signet Jewelers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIG#NYSE">SIG</a>) is projected to report quarterly earnings at $0.33 per share on revenue of $1.37 billion. 
• Dollar Gen (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) is estimated to report quarterly earnings at $0.94 per share on revenue of $10.14 billion. 
• Korn Ferry (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KFY#NYSE">KFY</a>) is projected to report quarterly earnings at $1.21 per share on revenue of $675.35 million. 
• Movado Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOV#NYSE">MOV</a>) is likely to report quarterly earnings at $0.00 per share on revenue of $187.70 million. 
• Lands' End (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LE#NASDAQ">LE</a>) is likely to report quarterly earnings at $0.03 per share on revenue of $315.21 million. 
• Hooker Furnishings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOFT#NASDAQ">HOFT</a>) is projected to report quarterly earnings at $0.28 per share on revenue of $101.35 million. 
• Toronto-Dominion Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TD#NYSE">TD</a>) is likely to report quarterly earnings at $1.28 per share on revenue of $10.26 billion. 
• GMS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GMS#NYSE">GMS</a>) is projected to report quarterly earnings at $2.19 per share on revenue of $1.46 billion. 
• Canadian Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSIQ#NASDAQ">CSIQ</a>) is expected to report quarterly loss at $0.12 per share on revenue of $1.71 billion. 
• Duluth Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTH#NASDAQ">DLTH</a>) is expected to report quarterly loss at $0.32 per share on revenue of $134.93 million. 
• Kroger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) is projected to report quarterly earnings at $0.98 per share on revenue of $34.20 billion. 
• Canadian Imperial Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CM#NYSE">CM</a>) is likely to report quarterly earnings at $1.26 per share on revenue of $4.67 billion. 
• Caleres (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAL#NYSE">CAL</a>) is estimated to report quarterly earnings at $1.36 per share on revenue of $751.36 million. 
• Bank of Montreal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMO#NYSE">BMO</a>) is likely to report quarterly earnings at $1.73 per share on revenue of $5.98 billion. 
• Brown Forman Inc Class B Common Stock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BF#NYSE">BF</a>) is likely to report quarterly earnings at $0.49 per share on revenue of $1.07 billion. 
• John Wiley &amp; Sons (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLYB#NYSE">WLYB</a>) is expected to report earnings for its second quarter. 
• Build-A-Bear Workshop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBW#NYSE">BBW</a>) is likely to report quarterly earnings at $0.65 per share on revenue of $113.40 million. 
• Tuniu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOUR#NASDAQ">TOUR</a>) is likely to report earnings for its third quarter. 
• Brown Forman Inc Class A Common Stock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BF#NYSE">BF</a>) is projected to report earnings for its second quarter. 
<h3>Companies Reporting After The Bell</h3>
• Guidewire Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWRE#NYSE">GWRE</a>) is likely to report quarterly earnings at $0.30 per share on revenue of $253.96 million. 
• Victoria's Secret (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>) is likely to report quarterly loss at $0.62 per share on revenue of $1.29 billion. 
• UiPath (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>) is likely to report quarterly earnings at $0.07 per share on revenue of $347.72 million. 
• Smith &amp; Wesson Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWBI#NASDAQ">SWBI</a>) is expected to report quarterly earnings at $0.17 per share on revenue of $133.52 million. 
• Asana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASAN#NYSE">ASAN</a>) is expected to report quarterly loss at $0.07 per share on revenue of $180.66 million. 
• Zumiez (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZUMZ#NASDAQ">ZUMZ</a>) is projected to report quarterly earnings at $0.03 per share on revenue of $222.04 million. 
• Domo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOMO#NASDAQ">DOMO</a>) is estimated to report quarterly loss at $0.15 per share on revenue of $77.55 million. 
• Lakeland Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAKE#NASDAQ">LAKE</a>) is likely to report quarterly earnings at $0.40 per share on revenue of $44.30 million. 
• Argan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGX#NYSE">AGX</a>) is estimated to report quarterly earnings at $1.26 per share on revenue of $225.60 million. 
• Lululemon Athletica (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) is expected to report quarterly earnings at $2.72 per share on revenue of $2.36 billion. 
• Veeva Systems (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEEV#NYSE">VEEV</a>) is likely to report quarterly earnings at $1.58 per share on revenue of $684.34 million. 
• Smartsheet (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMAR#NYSE">SMAR</a>) is likely to report quarterly earnings at $0.30 per share on revenue of $283.87 million. 
• GitLab (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTLB#NASDAQ">GTLB</a>) is likely to report quarterly earnings at $0.16 per share on revenue of $188.25 million. 
• HashiCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCP#NASDAQ">HCP</a>) is likely to report quarterly earnings at $0.05 per share on revenue of $163.39 million. 
• Tilly's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TLYS#NYSE">TLYS</a>) is likely to report quarterly loss at $0.32 per share on revenue of $140.84 million. 
• Ulta Beauty (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) is projected to report quarterly earnings at $4.52 per share on revenue of $2.50 billion. 
• Rubrik (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBRK#NYSE">RBRK</a>) is likely to report quarterly loss at $0.40 per share on revenue of $217.53 million. 
• Petco Health and Wellness (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WOOF#NASDAQ">WOOF</a>) is projected to report quarterly loss at $0.03 per share on revenue of $1.50 billion. 
• Samsara (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) is likely to report quarterly earnings at $0.04 per share on revenue of $310.56 million. 
• DocuSign (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>) is expected to report quarterly earnings at $0.87 per share on revenue of $745.26 million. 
• American Outdoor Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AOUT#NASDAQ">AOUT</a>) is projected to report quarterly earnings at $0.20 per share on revenue of $53.23 million. 
• Hewlett Packard (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) is likely to report quarterly earnings at $0.56 per share on revenue of $8.26 billion. 
• Cooper Companies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COO#NASDAQ">COO</a>) is likely to report quarterly earnings at $1.00 per share on revenue of $1.03 billion. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Earnings Scheduled For December 5, 2024

<h3>Key Takeaways:</h3>
<ul>
<li>Huoli has filed to list in Hong Kong, reporting its travel service revenue rose 22% and gross margin improved by 1.2 percentage points in the first half of 2024</li>
<li>The company is a distant third in China&rsquo;s online travel market, behind industry leaders Trip.com and Tongcheng&nbsp;</li>
</ul>
&nbsp;By Edith Terry
Travel-related IPOs were all the rage at one time not long ago, as a new generation of hotel operators and air and train ticket sellers cashed in on a new appetite for tourism from China&rsquo;s emerging middle class. But the group has gone largely silent lately in terms of new listings, hobbled by the plunge in their business during the three years of the pandemic.
Now,&nbsp;Huoli Group Holdings Ltd.&nbsp;is finally breaking that silence with its&nbsp;<a href="https://www1.hkexnews.hk/app/sehk/2024/106886/documents/sehk24102901319.pdf">filing</a>&nbsp;for an IPO in Hong Kong at the end of last month. The listing would be one of the first by a major online travel agent since larger rival&nbsp;Tongcheng&nbsp;(0780.HK) raised $180 million in its 2018 listing in Hong Kong. Huoli is likely to raise less than that, based on the company&rsquo;s latest valuation of about 2 billion yuan ($282 million) during its most recent fundraising in August, and the assumption that it will float about a quarter of its shares.
A quarter of its latest valuation would translate to about $70 million in fundraising for the IPO, and the company&rsquo;s hiring of mid-sized investment banks CMS International and CMBC Capital as underwriters also suggests a mid-sized deal.
Investor appetite for Huoli shares will depend on whether China can sustain its post-pandemic domestic travel boom. That boom has continued to defy a slowdown in other areas of consumer spending, with Chinese travelers still willing to spend strongly on &ldquo;revenge travel&rdquo; post-pandemic. But the boom is showing recent signs of slowing, as Chinese consumers grow increasingly cautious. That means timing will be critical behind the success of Huoli&rsquo;s listing.
At the depths of the pandemic, when domestic travel was effectively halted, Huoli lost 357.5 million yuan on revenue of 343.6 million yuan in 2021. Revenue fell further to 280.1 million yuan in 2022, before revenge travel helped the figure rebound almost 80% to 501.6 million yuan in 2023. Similarly, the company bounced back from a net loss of 758,000 yuan in 2022, to a profit of 59.3 million yuan in 2023.
Revenue growth slowed in the first half of this year, but the figure still rose by 22.6% to 281.4 million yuan, while its net profit fell slightly to 31.7 million yuan. Revenue from transportation services, its biggest revenue source at about three-quarters of its total, increased by a similar 22.2% over the period from 168.4 million yuan to 205.8 million yuan.
The company&rsquo;s gross margin has also bounced back from 49.8% in 2021 to 58.6% in the first half of this year. Its registered user base has rebounded strongly as well, with its number of paying users more than doubling from 4.3 million in 2022 to 8.8 million last year.
Huoli cited industry data saying it was China&rsquo;s fifth largest third-party seller of online air tickets in 2023, with 1.5% of the 1.2 trillion yuan market. It was the third-largest for online train ticket bookings with 2.2% of the 552.8 billion yuan market.
<h4>Sector rebound</h4>
Huoli certainly wasn&rsquo;t the only one to benefit from revenge travel. Tongcheng also saw its business rebound, with revenue up 48.8% to 8.1 billion yuan and profit up 12.3% to 829.5 million yuan in the first half of the year. And&nbsp;Fosun Tourism&nbsp;(1992.HK), which owns Club Med, saw its revenue grow 39% in the first half of this year, as the company returned to the black by reporting a 8.9 billion yuan profit.
The latest reading on the pulse of China&rsquo;s travel market came during the weeklong Oct. 1 &ldquo;golden week&rdquo; holiday. Those numbers showed travel was still growing, though at just single-digit rates. The holiday saw the number of domestic trips rise 5.9% year-on-year to 765 million, according to the Ministry of Culture and Tourism.&nbsp;
The slowing rebound may be happening more quickly at the high-end of the travel market, with international hotel chains reporting recent declines in their revenue per available room (revpar), the most widely watched industry metric, in their China operations.
While the domestic tourism rebound is slowing, a return to outbound tourism continues to take off as international flights to and from China slowly return to pre-pandemic levels. Outbound tourists on online travel agency&nbsp;Tuniu&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tour#NASDAQ">TOUR</a>) were up 190% over the May 1 Labor Day holiday.
Huoli is one of China&rsquo;s top three one-stop sources for travel information and bookings, although it is a distant third to industry leader&nbsp;Trip.com&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tcom#NASDAQ">TCOM</a>) and Tongcheng, which have much larger market values of $45 billion and $5.5 billion, respectively. Like its peers, Huoli offers integrated travel information and booking services.
In Huoli&rsquo;s case, these cover 5,000 airports in 220 countries, 3,000 domestic rail stations and 400,000 hotels. Its brand is known best through its two apps, Flight Master, launched in 2009, and Train Master, launched in 2012. It also supplies travel data and technology services for some 150 enterprise customers, and offers some ride hailing services.
Transportation services accounted for 73.1% of its revenues in the first half of this year, while corporate travel managing services accounted for 13.6% and online ride hailing for 1.1%. Despite its presence in the hotel booking area, its accommodation reservations business is still relatively small at just 1.7% of its revenue in the latest reporting period.
Huoli has raised 1.15 billion yuan in various financing rounds between April 2016 and August 2024, but has now used up most of those proceeds, according to the listing document. The company previously listed on China&rsquo;s National Equities and Quotations (NEEQ) market in 2017, but withdrew three years later due to thin trading.
The company also made a preliminary filing to list on Shanghai&rsquo;s Nasdaq-style STAR Market in May 2019 before deciding not to pursue that option. The decision to pursue a Hong Kong listing instead may have been influenced by its plans to establish an Asian regional business in Hong Kong, which would require foreign currency. Such a listing would also raise the company&rsquo;s profile among travelers outside the Mainland travel market who would be the primary customers of such an offshore hub.
All of Huoli&rsquo;s revenues currently come from domestic sources, but it plans to develop global tourism products from the new Hong Kong center, Zhou Menghao, Huoli&rsquo;s director of marketing and public relations said in April.
Huoli is undoubtedly hoping to ride the recent rally for Chinese stocks in Hong Kong following China&rsquo;s monetary &ldquo;bazooka&rdquo; of economic stimulus measures announced in September. That development lit a fire under the benchmark Hang Seng Index, which has managed to maintain much of the gains since then on belief that China is taking more aggressive measures to jumpstart its slowing economy. Several companies to list during that period have also done well, which could play to Huoli&rsquo;s benefit if it can quickly move through the IPO process.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

Tuniu Corporation (Nasdaq:&nbsp;TOUR) ("Tuniu" or the "Company"), a leading online leisure travel company in China, today announced that it has received a notification letter (the "Compliance Notice") from the Listing Qualifications Department of the Nasdaq Stock Market Inc. ("Nasdaq") dated October 16, 2024, informing the Company that it has regained compliance with the Nasdaq Listing Rule 5450(a)(1)&nbsp;(the "Minimum Bid Price Requirement").
As previously announced, Tuniu received a notification letter (the "Deficiency Notice") from the Nasdaq dated August 6, 2024,&nbsp;indicating that the closing bid price for the Company's American depositary shares (the "ADSs") was, for the past 31 consecutive business days, below the minimum bid price of $1.00 required for continued listing under the Nasdaq Listing Rule 5450(a)(1).&nbsp;According to the Deficiency Notice, if at any time during the 180-day compliance period, the closing bid price of the Company's ADSs is at least $1.00 for a minimum of ten consecutive business days, the Nasdaq will provide the Company written confirmation of compliance and the matter will be closed. According to the Compliance Notice, the closing bid price of the Company's ADSs has been at $1.00 per ADS or greater for over 10 consecutive business days, and the Company has regained compliance with the Minimum Bid Price Requirement and the matter is closed.

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Tuniu Regains Nasdaq Compliance After Meeting Minimum Bid Price Requirement

<h3>Gainers</h3>
<ul>
<li>Kaixin Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KXIN#NASDAQ">KXIN</a>) shares rose 80.2% to $0.23 during Wednesday's pre-market session. The market value of their outstanding shares is at $13.5 million. </li>
<li>QuantaSing Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QSG#NASDAQ">QSG</a>) shares rose 23.9% to $3.68. The company's market cap stands at $188.0 million. </li>
<li>Allurion Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALUR#NYSE">ALUR</a>) stock increased by 14.52% to $0.67. The company's market cap stands at $43.1 million. </li>
<li>Tuniu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOUR#NASDAQ">TOUR</a>) stock rose 14.28% to $1.68. The market value of their outstanding shares is at $198.3 million. </li>
<li>Smart Share Glb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EM#NASDAQ">EM</a>) shares moved upwards by 13.57% to $0.86. The market value of their outstanding shares is at $224.0 million. </li>
<li>TCTM Kids IT Education (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCTM#NASDAQ">TCTM</a>) shares moved upwards by 12.94% to $1.92. The company's market cap stands at $18.8 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Nike (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) shares fell 7.7% to $82.28 during Wednesday's pre-market session. The market value of their outstanding shares is at $123.3 billion. As per the news, the Q1 earnings report came out yesterday. </li>
<li>Kidpik (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PIK#NASDAQ">PIK</a>) stock declined by 6.55% to $2.0. The market value of their outstanding shares is at $3.9 million. </li>
<li>Twin Vee PowerCats (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEEE#NASDAQ">VEEE</a>) shares fell 5.45% to $0.57. The market value of their outstanding shares is at $5.4 million. </li>
<li>ECARX Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ECX#NASDAQ">ECX</a>) shares decreased by 5.16% to $1.84. The company's market cap stands at $622.0 million. </li>
<li>PLBY Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLBY#NASDAQ">PLBY</a>) stock fell 3.51% to $0.71. The market value of their outstanding shares is at $52.4 million. </li>
<li>European Wax Center (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWCZ#NASDAQ">EWCZ</a>) stock decreased by 3.37% to $6.63. The company's market cap stands at $316.6 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Consumer Discretionary Stocks Moving In Wednesday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>Beachbody Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BODI#NYSE">BODI</a>) stock increased by 18.0% to $6.75 during Tuesday's pre-market session. The market value of their outstanding shares is at $46.6 million. </li>
<li>Tuniu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOUR#NASDAQ">TOUR</a>) shares increased by 9.85% to $1.56. The market value of their outstanding shares is at $184.1 million. </li>
<li>Culp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CULP#NYSE">CULP</a>) shares increased by 7.02% to $7.01. The company's market cap stands at $87.5 million. </li>
<li>SunCar Tech Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SDA#NASDAQ">SDA</a>) shares increased by 6.44% to $11.73. The market value of their outstanding shares is at $1.2 billion. </li>
<li>TCTM Kids IT Education (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCTM#NASDAQ">TCTM</a>) stock increased by 6.38% to $1.5. The market value of their outstanding shares is at $14.7 million. </li>
<li>Vision Marine (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VMAR#NASDAQ">VMAR</a>) stock increased by 6.12% to $0.61. The market value of their outstanding shares is at $3.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>ZHONGCHAO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCMD#NASDAQ">ZCMD</a>) stock declined by 11.0% to $2.19 during Tuesday's pre-market session. The market value of their outstanding shares is at $5.5 million. </li>
<li>Qurate Retail (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRTEP#NASDAQ">QRTEP</a>) stock declined by 8.05% to $40.0. </li>
<li>Ambow Education Holding (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/AMBO#AMEX">AMBO</a>) stock fell 5.43% to $1.22. The market value of their outstanding shares is at $3.4 million. </li>
<li>Uxin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UXIN#NASDAQ">UXIN</a>) stock decreased by 4.92% to $6.38. The company's market cap stands at $1.1 billion. </li>
<li>Kaixin Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KXIN#NASDAQ">KXIN</a>) shares fell 4.56% to $0.19. The market value of their outstanding shares is at $11.1 million. </li>
<li>Kaival Brands Innovations (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KAVL#NASDAQ">KAVL</a>) shares decreased by 4.43% to $1.07. The company's market cap stands at $7.2 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Consumer Discretionary Stocks Moving In Tuesday's Pre-Market Session

Tuniu And Thailand's Tourism Authority Ink Strategic Partnership, To Enhance Chinese Visitor Experience

Tuniu Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOUR#NASDAQ">TOUR</a>) (&quot;Tuniu&quot; or the &quot;Company&quot;), a leading online leisure travel company in&nbsp;China, today announced that it has received written notification from the staff of the Listing Qualifications Department of the Nasdaq Stock Market LLC (&quot;Nasdaq&quot;) dated&nbsp;August 6, 2024, indicating that for the last 31 consecutive business days, the closing bid price for the Company&#39;s American depositary shares (the &quot;ADSs&quot;) was below the minimum bid price of&nbsp;US$1.00&nbsp;per share requirement set forth in&nbsp;Nasdaq Listing Rule 5450(a)(1). The Nasdaq notification letter&nbsp;has no current effect on the listing or trading of the Company&#39;s securities on the Nasdaq Global Market.
Pursuant to the Nasdaq Listing Rules 5810(c)(3)(A), the Company is provided with a compliance period of 180 calendar days, or until February 3, 2025, to regain compliance under the Listing Rules. If at any time during the 180-day compliance period, the closing bid price of the Company&#39;s ADSs&nbsp;is US$1.00 per share or higher&nbsp;for a minimum of ten consecutive business days, the Nasdaq will provide the Company written confirmation of compliance and the matter will be closed.
In the event the Company does not regain compliance by&nbsp;February 3, 2025, subject to the determination by the staff of Nasdaq, the Company may be eligible for an additional 180-day compliance period.

Tuniu Faces Nasdaq Delisting Threat if $1 Bid Price Isn't Met by February

Tuniu Expects To Generate Q3 Revenues Of RMB183.5M-RMB192.4M, Which Represents A 3%-8% Increase YoY

Tuniu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOUR#NASDAQ">TOUR</a>) reported quarterly earnings of $0.06 per share. The company reported $16.09 million in sales this quarter. This is a 16.74 percent increase over sales of $13.78 million the same period last year.

Tuniu Q2 EPS $0.06, Sales $16.09M Up From $13.78M YoY

Tuniu Regains Compliance With Nasdaq's Minimum Bid Price Requirement

<h3>Gainers</h3>
<ul>
<li>Tuniu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOUR#NASDAQ">TOUR</a>) shares moved upwards by 14.4% to $1.27 during Tuesday's pre-market session. The market value of their outstanding shares is at $149.9 million. As per the news, the Q1 earnings report came out today. </li>
<li>China Liberal Education (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLEU#NASDAQ">CLEU</a>) stock increased by 8.91% to $1.1. The market value of their outstanding shares is at $3.6 million. </li>
<li>Lixiang Education Hldg (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LXEH#NASDAQ">LXEH</a>) shares increased by 7.66% to $0.34. The company's market cap stands at $3.9 million. </li>
<li>XPEL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XPEL#NASDAQ">XPEL</a>) shares rose 6.46% to $40.98. The market value of their outstanding shares is at $1.1 billion. </li>
<li>Kidpik (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PIK#NASDAQ">PIK</a>) shares rose 5.99% to $3.71. The market value of their outstanding shares is at $7.2 million. </li>
<li>E-Home Household Service (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EJH#NASDAQ">EJH</a>) stock rose 5.39% to $0.58. The company's market cap stands at $10.3 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Boqii Holding (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BQ#AMEX">BQ</a>) shares fell 12.4% to $0.39 during Tuesday's pre-market session. The market value of their outstanding shares is at $1.7 million. </li>
<li>Four Seasons Education (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FEDU#NYSE">FEDU</a>) stock fell 11.87% to $13.0. The market value of their outstanding shares is at $27.5 million. </li>
<li>Citi Trends (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTRN#NASDAQ">CTRN</a>) shares decreased by 8.73% to $22.5. The market value of their outstanding shares is at $192.0 million. As per the news, the Q1 earnings report came out today. </li>
<li>Designer Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DBI#NYSE">DBI</a>) shares declined by 7.7% to $10.2. The company's market cap stands at $589.1 million. As per the news, the Q1 earnings report came out today. </li>
<li>Lotus Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOT#NASDAQ">LOT</a>) stock declined by 5.82% to $9.71. The company's market cap stands at $6.5 billion. The company's, Q1 earnings came out 4 days ago. </li>
<li>Color Star Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADD#NASDAQ">ADD</a>) stock fell 4.97% to $0.22. The company's market cap stands at $5.0 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Tuniu shares are trading higher after the company reported a year-over-year increase in Q1 revenue results and issued Q2 revenue guidance.

Business&nbsp;Outlook
For the&nbsp;second quarter&nbsp;of 2024, Tuniu expects to generate&nbsp;RMB114.9 million&nbsp;to&nbsp;RMB119.9 million&nbsp;of net revenues, which represents a&nbsp;15%&nbsp;to&nbsp;20%&nbsp;increase year-over-year compared with net revenues in the corresponding period in 2023. This forecast reflects Tuniu&#39;s current and preliminary view on the industry and its operations, which is subject to change.

Tuniu Corp Expects Q2 Revenue of RMB114.9M-RMB119.9M, up by 15%-20% YoY

Tuniu Q1 Adj EPADS $0.03

Tuniu Q1 Sales $14.95M Up From $9.20M YoY

Tuniu Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOUR#NASDAQ">TOUR</a>) shares are&nbsp;<a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">trading higher on Wednesday.</a>
The company reported the fourth quarter of 2023, where net revenues increased by&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/03/n37649221/tuniu-announces-unaudited-fourth-quarter-and-fiscal-year-2023-financial-results" rel="noreferrer noopener">265.8% year-over-year to $14.1 million.</a>
The increase was primarily due to the growth of packaged tours&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">as the travel market recovers.</a>
Revenues from package tours in the fourth quarter of 2023 increased by 1377.1% year-over-year to $10.3 million.
Gross profit increased by 511.7% year-over-year to $10.5 million. The company reported net (loss) per ADS of $(0.15).
&#8220;In 2024, we will continue to seize upon opportunities presented by the market recovery, leverage Tuniu&#8217;s core advantages, enhance performance, and continuously demonstrate our growth potential and profitability to the market,&#8221; said Donald Dunde Yu, Tuniu&#8217;s founder, Chairman, and Chief Executive Officer.
For the first quarter of 2024, Tuniu expects to generate RMB101.1 million to RMB107.4 million of net revenues, representing a&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">60% to 70% increase year-over-year.</a>
In March 2024, the company&#8217;s board of directors authorized a share repurchase program under which the company may repurchase up to $10 million worth of its ordinary shares or American depositary shares representing ordinary shares.
Price Action:&nbsp;TOUR shares are trading higher by 14.6% to $0.8151 on the last check Wednesday.

WIIM

Tuniu shares are trading higher after the company reported Q4 financial results and announced the approval of a share repurchase program of up to $10 million.

<h3>Gainers</h3>
<ul>
<li>Tuniu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOUR#NASDAQ">TOUR</a>) stock moved upwards by 16.7% to $0.83 during Wednesday's pre-market session. The market value of their outstanding shares is at $102.7 million. The company's, Q4 earnings came out today. </li>
<li>Educational Development (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EDUC#NASDAQ">EDUC</a>) shares increased by 15.9% to $2.04. The company's market cap stands at $17.4 million. </li>
<li>Barnes &amp; Noble Education (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNED#NYSE">BNED</a>) shares increased by 13.06% to $0.7. The market value of their outstanding shares is at $37.1 million. The company's, Q3 earnings came out yesterday. </li>
<li>Allied Gaming (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGAE#NASDAQ">AGAE</a>) stock moved upwards by 12.76% to $1.06. The market value of their outstanding shares is at $39.0 million. </li>
<li>Clarus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLAR#NASDAQ">CLAR</a>) shares increased by 11.26% to $7.21. The company's market cap stands at $275.6 million. The company's, Q4 earnings came out 4 days ago. </li>
<li>Target Hospitality (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TH#NASDAQ">TH</a>) shares moved upwards by 8.89% to $9.3. The market value of their outstanding shares is at $945.4 million. As per the press release, Q4 earnings came out today. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Latham Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWIM#NASDAQ">SWIM</a>) shares declined by 18.9% to $2.66 during Wednesday's pre-market session. The company's market cap stands at $305.2 million. As per the news, the Q4 earnings report came out yesterday. </li>
<li>Allbirds (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIRD#NASDAQ">BIRD</a>) stock fell 15.17% to $0.79. The company's market cap stands at $120.5 million. As per the press release, Q4 earnings came out yesterday. </li>
<li>Naas Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAAS#NASDAQ">NAAS</a>) stock declined by 12.76% to $1.3. The market value of their outstanding shares is at $317.9 million. </li>
<li>ZHONGCHAO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCMD#NASDAQ">ZCMD</a>) stock declined by 10.7% to $1.92. The company's market cap stands at $4.7 million. </li>
<li>Kidpik (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PIK#NASDAQ">PIK</a>) stock declined by 10.43% to $4.34. The company's market cap stands at $8.2 million. </li>
<li>SRIVARU Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVMH#NASDAQ">SVMH</a>) shares declined by 8.51% to $0.22. The company's market cap stands at $7.1 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Press Releases

Tuniu Announces Unaudited First Quarter 2024 Financial Results

Tuniu Has Regained Compliance with Nasdaq's Minimum Bid Price Requirement

Tuniu to Report Second Quarter 2024 Financial Results on August 6, 2024

Tuniu Announces Unaudited Second Quarter 2024 Financial Results

Tuniu Announces Receipt of Minimum Bid Price Notice from Nasdaq

Contracts

Tuniu Announces Strategic Cooperation with the Tourism Authority of Thailand

Tuniu to Report Third Quarter 2024 Financial Results on December 5, 2024

Tuniu Announces Unaudited Third Quarter 2024 Financial Results

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