GreenTree Hospitality Group Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St

November 23, 2024

GreenTree Hospitality Group (NYSE:GHG) Third Quarter 2024 Results

Key Financial Results

Revenue: CN¥357.0m (down 23% from 3Q 2023).
Net income: CN¥65.5m (down 44% from 3Q 2023).
Profit margin: 18% (down from 26% in 3Q 2023). The decrease in margin was driven by lower revenue.
EPS: CN¥0.65 (down from CN¥1.15 in 3Q 2023).

earnings-and-revenue-growth — NYSE:GHG Earnings and Revenue Growth November 23rd 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

GreenTree Hospitality Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 5.8%. Earnings per share (EPS) also missed analyst estimates by 3.0%.

Looking ahead, revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Hospitality industry in the US.

Performance of the American Hospitality industry.

The company's shares are down 2.6% from a week ago.

Risk Analysis

Be aware that GreenTree Hospitality Group is showing 2 warning signs in our investment analysis that you should know about...

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.