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Soho House & Co (SHCO)
NYSE:SHCO
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Earnings Data
Report Date
Mar 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.06Last Year’s EPS
-0.29Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 17, 2021
|% Change Since: 62.53%
|Next Earnings Date:Aug 26, 2021
Earnings Call Sentiment|Neutral
The earnings call highlighted strong membership growth and operational improvements. However, financial misstatements, reduced guidance, and external challenges such as natural disasters impacted the company's financial outlook. The sentiment is balanced between positive membership and operational highlights and significant financial and environmental lowlights.Company Guidance
During the Soho House & Co Q3 2024 earnings call, guidance was provided with several key metrics highlighted. Membership revenues increased by 17% year-on-year to $107 million, contributing to total revenues of $333 million, a 14% increase from the previous year. The company achieved an adjusted EBITDA of $48 million, marking a 38% growth year-on-year, although slightly below expectations, with margins improving by approximately 250 basis points. House level contribution rose by 17%, with margins up 150 basis points. Despite these gains, the company adjusted its total revenue guidance to around $1.2 billion, down from the previous range of $1.2 billion to $1.25 billion, due to weaker-than-expected demand in food, beverage, and accommodation segments. Adjusted EBITDA guidance was also revised to approximately $140 million, citing unique factors impacting results. Net debt was reported at $686 million, with a reduction in net debt to adjusted EBITDA ratio to 5x.Strong Membership Growth
Membership revenues increased 17% year-on-year and 5% quarter-on-quarter, with 4,000 new Soho House members, reaching approximately 208,000 members globally.
Total Revenue Growth
Total revenues grew 14% year-on-year to $333 million, driven by membership growth and improved spend per visit.
Adjusted EBITDA Improvement
Q3 adjusted EBITDA was $48 million, showing a 38% increase year-on-year, with margins improving approximately 250 basis points year-over-year.
Successful Opening of New Locations
Scorpios, Mykonos had a record-breaking season, and a new location opened in Bodrum. Soho Mews House opened in London with positive reception.
Operational Improvements
Focus on operational excellence with improvements in food and beverage margins and RevPAR up 5% year-over-year.
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SHCO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SHCO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 19, 2024 | $4.91 | $7.22 | +47.05% |
| Aug 09, 2024 | $4.85 | $5.03 | +3.71% |
| May 10, 2024 | $5.13 | $5.27 | +2.73% |
| Mar 15, 2024 | $5.75 | $4.97 | -13.57% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Soho House & Co (SHCO) report earnings?
Soho House & Co (SHCO) is schdueled to report earning on Mar 13, 2025, TBA Not Confirmed.
What is Soho House & Co (SHCO) earnings time?
Soho House & Co (SHCO) earnings time is at Mar 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SHCO EPS forecast?
SHCO EPS forecast for the fiscal quarter 2024 (Q4) is -0.06.
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