GreenTree Q2 Revenue Plunges 18.7% on Weak Hotel Demand; $5M Buyback Announced
GHG is trading near its 52-week low of $1.08 (1.9% above the low).
Summary
GreenTree's Q2 revenue fell 18.7% year-over-year to RMB 235.1 million, driven by a 9.1% drop in RevPAR and net hotel closures. Core non-GAAP net income rose 4.4% as cost cuts offset the decline, but reported net income collapsed to RMB 21.3 million from RMB 160 million a year earlier. The company approved a $5 million share repurchase program and reiterated 2026 hotel revenue guidance of a 10-15% decline. The stock trades near its 52-week low at $1.10, and the buyback is modest relative to the market cap of roughly $112 million.
At the time of this announcement, GHG was trading at $1.10 on NYSE in the Trade & Services sector, with a market capitalization of approximately $112M. The 52-week trading range was $1.08 to $2.57. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.