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Greentree Hospitality Group Ltd (GHG)
NYSE:GHG
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Earnings Data
Report Date
Mar 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.07Last Year’s EPS
$0.11Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 21, 2024
|% Change Since: -10.33%
|Next Earnings Date:Mar 13, 2025
Earnings Call Sentiment|Negative
The earnings call for GreenTree Hospitality Group highlighted some positive aspects such as the stabilization and strategic transformation of the restaurant business, membership growth, and cash flow improvement. However, these were offset by significant declines in hotel revenues, RevPAR, and net income, indicating challenges in the hospitality segment. The sentiment of the call was more negative due to these financial setbacks.Company Guidance
In the third quarter of 2024 earnings call for GreenTree Hospitality Group (GHG), the company provided guidance indicating a challenging environment with a decrease in several key metrics. Hotel RevPAR declined by 13.6% year-over-year to RMB 135, while restaurant ADS dropped by 25.6% to RMB 4,891. Total revenues fell 22.5% to RMB 357 million, with hotel revenues specifically decreasing 15.4% to RMB 286.9 million. Net income was RMB 65.2 million, marking a 44.4% reduction with a margin of 18.3%. Adjusted EBITDA non-GAAP decreased 32.1% to RMB 122.5 million, with the company forecasting a full-year revenue decrease of approximately 8% compared to 2023. Despite these challenges, the company noted improvements in its restaurant business, with profitable operations for the second consecutive quarter and a strategic shift in hotel and restaurant operations to improve future performance.Positive Restaurant Business Performance
The restaurant business' net income remained positive for a second consecutive quarter, with stable consumer traffic stores accounting for 55.5% of the store count up from 44.6% a year ago. The strategic transformation resulted in F&M restaurants accounting for 87.9% of the total at the end of the quarter compared to 74.8% a year ago.
Membership Growth
Individual memberships grew to 100 million, up from 88 million a year ago, and corporate membership grew to 2.1 million from 2 million a year ago.
Cash and Cash Equivalents Increase
As of September 30, 2024, the company had total cash and cash equivalents of RMB 1,883.9 million compared to RMB 1,737.2 million as of June 30, 2024.
Expansion in Hotel Segments
Continued expansion in the mid- to upscale hotel segment with 527 hotels, accounting for 12.1% of the total portfolio.
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GHG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GHG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 21, 2024 | $2.71 | $2.67 | -1.48% |
| Aug 15, 2024 | $2.47 | $2.64 | +6.88% |
| Jun 25, 2024 | $2.54 | $2.40 | -5.51% |
| Mar 26, 2024 | $3.16 | $3.10 | -1.90% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Greentree Hospitality Group Ltd (GHG) report earnings?
Greentree Hospitality Group Ltd (GHG) is schdueled to report earning on Mar 13, 2025, TBA Not Confirmed.
What is Greentree Hospitality Group Ltd (GHG) earnings time?
Greentree Hospitality Group Ltd (GHG) earnings time is at Mar 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GHG EPS forecast?
GHG EPS forecast for the fiscal quarter 2024 (Q4) is $0.07.
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