Quarterly ResultJun 30, 2026, 08:57 AM
GreenTree Q1 Net Income +79.5% to $2.0M; Revenue -14.0%
AI Summary
GreenTree Hospitality Group Ltd. reported its first quarter 2026 financial results, with total revenues decreasing by 14.0% year over year to $33.0 million. Despite the revenue decline, net income significantly increased to $2.0 million from $7.8 million in the prior year, driven by lower operating costs and expenses. The company also provided guidance, expecting total revenues for its organic hotel business to decrease by 10% to 15% year over year.
Key Highlights
- Total revenues decreased by 14.0% year over year to $33.0 million.
- Net income increased to $2.0 million, up from $7.8 million in Q1 2025.
- Core net income (non-GAAP) increased 31.7% year over year to $3.5 million.
- Income from operations was $4.2 million, compared to $11.3 million in Q1 2025.
- Earnings per ADS (basic and diluted) were $0.02, up from $0.09 one year ago.
- RevPAR decreased by 5.7% year over year to RMB95.
- Occupancy rate was 62.5%, down from 64.0% in Q1 2025.
- Company expects total revenues of organic hotel business to decrease by 10% to 15% year over year.
Price Impact
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