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

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

GreenTree Hospitality Group Ltd. Reports Third Quarter 2018 Financial Results

November 19, 2018 6:11 AM EST

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 EBITDA (non-GAAP) increased 24.2% year-over-year to RMB156.5 million (US$22.8 million) [1] for the third quarter of 2018. Adjusted EBITDA (non-GAAP) increased 24.6%... More