GreenTree Hospitality Group Ltd. Reports Third Quarter of 2024 Financial Results
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GreenTree Hospitality Group Ltd. reported a 22.5% year-over-year decrease in total revenues for Q3 2024, amounting to RMB357.0 million (US$50.9 million). Income from operations also declined to RMB106.4 million (US$15.2 million) from RMB137.8 million in Q3 2023.
November 21, 2024 | 12:30 pm
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GreenTree Hospitality Group Ltd. reported a significant 22.5% decrease in revenues for Q3 2024, with income from operations also falling compared to the previous year.
The significant decrease in both revenues and income from operations suggests potential challenges for GreenTree Hospitality Group Ltd., likely leading to a negative short-term impact on its stock price.
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