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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100