GreenTree Hospitality (GHG) Shares Rise Despite Q3 Revenue Decline

Nov 21, 2024

On Thursday, shares of GreenTree Hospitality Group (GHG, Financial) saw a modest increase of 2.58%, closing at $2.78. This movement comes in the wake of the company's financial report for the third quarter of 2024, which revealed a decline in revenue and profits.

GreenTree Hospitality reported a revenue of 357 million RMB for the quarter, marking a 22.5% decrease compared to the same period last year. The adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at 122.5 million RMB, representing a 32.1% drop year-over-year.

The core net profit was reported at 93.5 million RMB, which is a 26.6% decrease from the previous year. The earnings per American Depositary Share (ADS) were $0.13.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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