Soho House Reports Fiscal Q3 Breakeven Earnings, Revenue Rises; 2024 Revenue Guidance Revised

MT Newswires Live
2024-12-19

Soho House (SHCO) reported fiscal Q3 breakeven earnings Thursday, swinging from a net loss of $0.25 a year earlier.

Three analysts polled by FactSet expected a loss of $0.02 per share.

Total revenue for the quarter ended Sept. 29 was $333.4 million, up from $293.4 million a year earlier.

Two analysts surveyed by FactSet expected $336.4 million.

For fiscal 2024, the company said it now expects total revenue of roughly $1.20 billion, compared with its prior range of $1.20 billion to $1.25 billion. Three analysts polled by FactSet expect $1.23 billion.

Shares of Soho House rose 66% in recent Thursday premarket activity.

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