Soho House Reports Mixed Q2 Financial Performance and Updates FY24 Outlook
Friday, 9 August 2024, 11:37
Financial Overview
Soho House (SHCO) has reported a mixed performance for Q2, with key financial metrics reflecting both challenges and successes.
Quarterly Performance
- GAAP EPS: -$0.17 (missed expectations by $0.06)
- Revenue: $305.1M (up 5.6% year-over-year, beat forecasts by $1.26M)
- Adjusted EBITDA: $33.3M (increased by $1.6M from the previous quarter)
Conclusion
In summary, despite the earnings miss, the growth in revenue and EBITDA suggests that Soho House is moving in a positive direction as it prepares for the rest of FY24.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.