STOCK TITAN

MCG - MCG STOCK NEWS

Welcome to our dedicated page for MCG news (Ticker: MCG), a resource for investors and traders seeking the latest updates and insights on MCG stock.

Membership Collective Group (MCG) operates a global network of private membership venues and digital platforms, renowned for pioneering the fusion of luxury hospitality with creative community building. This news hub provides investors and industry observers with direct access to MCG's official communications and market developments.

Our curated collection features earnings announcements, new venue openings, and strategic partnership updates directly from MCG leadership. Track the company's expansion across hospitality, coworking spaces like Soho Works, and lifestyle offerings including Soho Home retail.

Key updates cover membership growth metrics, digital platform enhancements, and sustainability initiatives within MCG's global operations. Bookmark this page for real-time insights into how the company maintains its position as the world's largest private membership network.

Rhea-AI Summary
Soho House & Co Inc. chairman addresses shareholders, highlighting the long-term value and profitability of mature Houses in the company's network.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
Soho House & Co Inc. (NYSE: SHCO) announced strong financial results for Q4 2023 and FY 2023, showcasing growth in total members, revenues, and Adjusted EBITDA. The company reported a net loss but highlighted significant progress in profitability and member experience enhancement. With new house openings and strategic initiatives, SHCO aims to drive operational excellence and membership growth in the upcoming year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
Soho House & Co Inc. (NYSE: SHCO) will release its Q4 2023 financial results on March 15, 2024. It is a global membership platform with various brands under its umbrella. The company offers physical and digital spaces for members worldwide.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
Rhea-AI Summary
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of Soho House & Co Inc. investors after GlassHouse Research published a report criticizing the company's business model and accounting practices, leading to a significant stock price drop.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
News
Rhea-AI Summary
Soho House & Co Inc. (NYSE: SHCO) rejects a report by GlassHouse Research, citing inaccuracies and misleading statements. The company reaffirms its confidence in its business, upcoming financial results, and plans for growth. The Board approves a $50 million share repurchase authorization, signaling a positive outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
Soho House & Co. (NYSE: SHCO) promotes Tom Collins to Chief Operating Officer, effective November 1, 2023. Collins, previously Managing Director for UK, Europe, and Asia, has held senior leadership roles during his ten-year tenure, successfully opening new Soho Houses in various regions. He will report to CEO Andrew Carnie and aims to drive continued growth and success for the company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary
Soho House & Co Inc. (NYSE: SHCO) announced third quarter results, with total members growing to 255,252, revenues of $301.0 million, and net loss of $42.4 million. The company opened Soho House Mexico City and plans to open locations in Portland and Sao Paulo. Adjusted EBITDA more than doubled year-on-year, and membership guidance for year-end 2024 is set to exceed 210,000 Soho House members.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
Soho House & Co Inc. (SHCO) will release its third-quarter 2023 financial results on November 10, 2023. A conference call and webcast will be hosted to discuss these results. Soho House & Co is a global membership platform that connects members through physical and digital spaces worldwide.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
Soho House & Co Inc. announces Q2 2023 results with total revenues of $288.9 million, up 18.5% YoY. Adjusted EBITDA was $31.8 million, up $16.4 million from Q2 2022. Total members grew to 248,071, a 28.3% YoY increase. Soho House members grew to 176,305, a 23.9% YoY increase. Membership waitlist sits at an all-time high of approximately 95,000. Plan to open new Soho Houses in Mexico City, Portland, and Sao Paulo. Net loss attributable to Soho House & Co Inc. was $2.6 million or $0.01 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
MCG

NYSE:MCG

MCG Rankings

MCG Stock Data

1.29B
48.79M
13.02%
69.93%
0.96%
Lodging
Consumer Cyclical
Link
United States
New York