GreenTree Hospitality Group Ltd. Reports Third Quarter 2018 Financial Results

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Go back to GreenTree Hospitality Group Ltd. Reports Third Quarter 2018 Financial Results

UPDATE: GreenTree Hospitality Group Ltd. (GHG) Misses Q3 EPS by 1c, Revenues Beat; Maintains FY18 Revenue Growth Guidance of 20-25%

November 19, 2018 6:14 AM EST

(Updated - November 19, 2018 6:15 AM EST)

GreenTree Hospitality Group Ltd. (NYSE: GHG) reported Q3 EPS of $0.18, $0.01 worse than the analyst estimate of $0.19. Revenue for the quarter came in at $37.39 million versus the consensus estimate of $35.67 million.

A total of 2,558 hotels with 209,463 hotel rooms were in operation as of September 30, 2018, as compared to 2,434 hotels and 201,275 hotel rooms as of June 30, 2018.Total revenues increased 21.6% year-over-year to RMB256.8 million (US$37.4 million) [1] for the third quarter of 2018. Total revenues increased 21.7% year-over-year to RMB695.1 million (US$101.2 million)[1] for the first nine months of 2018.Adjusted... More