GreenTree Hospitality Group Third Quarter 2024 Earnings: Misses Expectations

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).

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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