Welcome to our dedicated page for Greentree Hospit news (Ticker: GHG), a resource for investors and traders seeking the latest updates and insights on Greentree Hospit stock.
GreenTree Hospitality Group Ltd. (NYSE: GHG) is a hospitality and restaurant management group in China that regularly publishes detailed updates on its operating and financial performance. News about GreenTree often centers on its large hotel and restaurant network, trends in key performance indicators, and the balance between leased-and-operated and franchised-and-managed properties.
Company press releases provide granular data on hotel metrics such as average daily room rate, occupancy rate and revenue per available room (RevPAR), as well as restaurant metrics including average check (AC), average daily tickets (ADT) and average daily sales per store (ADS). These updates explain how changes in RevPAR, ADS, and store or hotel counts affect total revenues in the hotel and restaurant segments, and they distinguish between contributions from leased-and-operated and franchised-and-managed businesses.
Investors following GHG news will also see regular discussions of cost structure and profitability, including operating costs, selling and marketing expenses, general and administrative expenses, and non-GAAP measures such as Adjusted EBITDA and core net income. GreenTree’s announcements describe factors such as hotel and restaurant closures, new openings, and adjustments to management fees that influence margins and segment performance.
In addition, GreenTree issues news about its capital allocation decisions and regulatory reporting, including dividend declarations, share buyback plans, and the filing of its annual report on Form 20-F and interim results on Form 6-K. For ongoing insight into this China-focused hospitality and restaurant group, the GHG news feed aggregates these earnings releases, operational highlights and corporate announcements in one place.
GreenTree Hospitality Group (NYSE: GHG), a leading hospitality management group in China, has announced it will release its unaudited financial results for the third quarter ended September 30, 2024 on Thursday, November 21, 2024. The company will host an earnings conference call at 8:00 AM U.S. Eastern Time (9:00 PM Beijing/Hong Kong Time) on the same day. The announcement includes international dial-in numbers for the live conference call and replay details, which will be available until November 28, 2024. A live and archived webcast will be accessible on the company's investor relations website.
GreenTree Hospitality Group (NYSE: GHG), a leading hospitality and restaurant management group in China, has announced a cash dividend of US$0.10 per ordinary share or ADS. The dividend will be paid to shareholders of record as of September 30, 2024. Payment is expected around October 16, 2024 for ordinary shareholders and October 23, 2024 for ADS holders. The total cash distribution is estimated at US$10 million. GreenTree also confirmed its commitment to continue its planned share buyback program, emphasizing its focus on sustainable profitable growth and shareholder value.
GreenTree Hospitality Group (NYSE: GHG) reported a 20.5% YoY decrease in total revenues to RMB 329.7 million (US$45.4 million) for Q2 2024. Income from operations fell to RMB 84.4 million (US$11.6 million) compared to RMB 98.6 million in Q2 2023. Net income dropped to RMB 62.3 million (US$8.6 million), down from RMB 101.9 million. Adjusted EBITDA (non-GAAP) also decreased 34.5% YoY to RMB 83.1 million (US$11.4 million).
Operationally, the company had 4,272 hotels and 183 restaurants as of June 30, 2024. Hotel revenues decreased by 14.8% YoY, driven by a 10.8% decline in RevPAR and strategic closures. Restaurant revenues declined by 37.8% due to a reduction in ADS and store closures.
Guidance for 2024 is revised to remain flat compared to 2023, reflecting the economic challenges and closures. The board approved a dividend of US$0.10 per ADS payable on September 30, 2024. The company will hold an earnings call on August 15, 2024.
GreenTree Hospitality Group (NYSE: GHG), a leading hospitality management group in China, has announced it will report its unaudited financial results for the second quarter ended June 30, 2024, on Thursday, August 15, 2024. The company will hold an earnings conference call at 8:00 AM U.S. Eastern Time (8:00 PM Beijing/Hong Kong Time) on the same day. Dial-in numbers for various regions have been provided for interested participants. A telephone replay of the conference call will be available until August 22, 2024. Additionally, a live and archived webcast of the call will be accessible on the company's investor relations website at http://ir.998.com.
GreenTree Hospitality Group (NYSE: GHG) announced its financial results for Q1 2024. Total revenues declined by 7.1% year-over-year to RMB352.2 million (US$48.8 million). Despite this, hotel revenues increased by 8.8% to RMB274.8 million. Income from operations grew to RMB72.2 million (US$10 million) from RMB52.3 million in Q1 2023, and net income also rose to RMB57.3 million (US$7.9 million) from RMB32.6 million. Adjusted EBITDA saw a 17.2% increase to RMB109.4 million (US$15.2 million), and core net income went up by 21.5% to RMB60.7 million (US$8.4 million).
Operationally, the company managed 4,256 hotels and 185 restaurants as of March 31, 2024. The average daily room rate and average check saw growth, but occupancy rates and average daily sales per store declined. The company is optimistic about its hotel segment, projecting a 7-12% revenue increase for 2024, while guidance for the restaurant business has been withdrawn due to strategic repositioning.
GreenTree Hospitality Group (NYSE: GHG) announced it will release its unaudited Q1 2024 financial results on June 25, 2024. The earnings report will cover the quarter ending March 31, 2024. A conference call to discuss the results will be held on the same day at 8:00 AM U.S. Eastern Time. International participants can dial 1-412-902-4272, while U.S. participants can use 1-888-346-8982. Replay options will be available until July 2, 2024, via 1-877-344-7529 (U.S. Toll-Free) or 1-412-317-0088 (International).
A live and archived webcast of the conference call will be accessible on the company’s investor relations website at http://ir.998.com.
GreenTree Hospitality Group (NYSE: GHG) filed its annual report on Form 20-F for the fiscal year ending December 31, 2023. The report is available on the Company's investor relations website and the SEC's website. Shareholders and ADS holders can request a hard copy of the report for free.
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