tiprankstipranks
GreenTree Hospitality Reports Revenue Decline Amid Expansion Efforts
Company Announcements

GreenTree Hospitality Reports Revenue Decline Amid Expansion Efforts

Greentree Hospitality Group (GHG) has released an update.

Maximize Your Portfolio with Data Driven Insights:

  • Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
  • Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio

GreenTree Hospitality Group faced a challenging third quarter in 2024, with total revenues dropping by 22.5% to $50.9 million, while net income declined to $9.3 million from the previous year’s $117.4 million. Despite these setbacks, the company continued expanding its hotel portfolio with 109 new openings and maintained a positive net income for its restaurant segment by focusing on profitable store locations. The company remains optimistic about future growth amid economic recovery and government stimulus efforts.

For further insights into GHG stock, check out TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App