GreenTree Hospitality Group Ltd. (GHG) Reports Q4 EPS of $0.18 on Revenues of $41.57M; Expects 1Q Revenue Decline of 30%-35% and FY20 Revenue Decline of 10%-15%

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Go back to GreenTree Hospitality Group Ltd. (GHG) Reports Q4 EPS of $0.18 on Revenues of $41.57M; Expects 1Q Revenue Decline of 30%-35% and FY20 Revenue Decline of 10%-15%

GreenTree Hospitality Group Ltd. Reports Fourth Quarter and Fiscal Year 2019 Financial Results

April 14, 2020 7:51 AM EDT

A total of 3,957 hotels with 290,026 hotel rooms were in operation as of December 31, 2019, compared to 3,102 hotels and 245,705 hotel rooms as of September 30, 2019, and compared to 2,757 hotels and 221,529 hotel rooms as of December 31, 2018. Total revenues increased 20.4% to RMB289.4 million (US$41.6 million) [1] for the fourth quarter of 2019. Total revenues increased 20.6% to RMB1,091.8 million (US$156.8 million)[2] for the full year 2019. Adjusted EBITDA (non-GAAP) increased 11.4% to RMB162.3million (US$23.3 million) [1] for the fourth quarter of 2019. Adjusted EBITDA (non-GAAP) increased 12.1% to RMB594.1 million (US$85.3 million)[1] for the full year 2019.... More