GreenTree Hospitality Group Q2 Revenue $45.532M Down 20.5% YoY, Net Income $8.603M Down 38.9% YoY
Portfolio Pulse from Benzinga Newsdesk
GreenTree Hospitality Group reported Q2 revenue of $45.532 million, a decrease of 20.5% year-over-year. Net income also fell by 38.9% to $8.603 million.
August 15, 2024 | 10:08 am
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GreenTree Hospitality Group's Q2 revenue decreased by 20.5% YoY to $45.532 million, and net income fell by 38.9% to $8.603 million, indicating a significant decline in financial performance.
The significant year-over-year declines in both revenue and net income suggest that GreenTree Hospitality Group is facing financial challenges, which is likely to negatively impact its stock price in the short term.
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