Soho House Reports Mixed Q2 Financial Performance and Updates FY24 Outlook

Friday, 9 August 2024, 11:37

Soho House (SHCO) has released its Q2 financial results, revealing a GAAP EPS of -$0.17, which falls short of expectations by $0.06. However, the revenue for the quarter was $305.1 million, showing a year-over-year increase of 5.6% and beating forecasts by $1.26 million. The adjusted EBITDA also demonstrated an improvement, rising to $33.3 million, up $1.6 million from the previous quarter. Overall, while Soho House struggled with earnings per share, its revenue growth indicates positive momentum as it updates its fiscal outlook for 2024.
LivaRava Finance Meta Image
Soho House Reports Mixed Q2 Financial Performance and Updates FY24 Outlook

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.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe