The chart below shows how GHG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, GHG sees a +1.91% change in stock price 10 days leading up to the earnings, and a -5.34% change 10 days following the report. On the earnings day itself, the stock moves by -0.49%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Hotel Business Recovery: Hotel business improved in Q3 over the first two quarters of this year, indicating a recovery in travel patterns.
Street Store Growth: Street stores accounted for 55.5% of the store count compared to 44.6% a year ago, showing growth in this segment.
Restaurant Operations Stabilization: The number of restaurants in operation stabilized at 182 at the end of the quarter, reflecting a solid operational base.
Membership Growth Surge: Individual memberships grew to 100 million, up from 88 million a year ago, indicating strong customer growth.
Corporate Membership Expansion: Corporate memberships grew to 2.1 million, up from 2 million a year ago, further demonstrating expansion in customer base.
Negative
RevPAR Decline: Hotel RevPAR decreased by 13.6% compared to the third quarter of 2023, indicating a significant decline in revenue per available room.
Revenue Decline Analysis: Total revenues were 357 million RMB, a decrease of 22.5% year-over-year, reflecting a substantial drop in overall business performance.
Net Income Decline: Net income was 65.2 million RMB, down 44.4% from the previous year, highlighting a severe reduction in profitability.
Decline in Operational Efficiency: Adjusted EBITDA (non-GAAP) was 122.5 million RMB, a decrease of 32.1%, indicating a significant decline in operational efficiency.
Decline in Operational Profitability: Income from operations decreased to 106.4 million RMB, with a margin of 29.8%, showing a downward trend in operational profitability.
GreenTree Hospitality Group Ltd. (GHG) Q3 2024 Earnings Call Transcript
GHG.N
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