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Soho House & Co Inc. - SHCO STOCK NEWS

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Soho House & Co Inc. (SHCO) is a leading membership platform offering a blend of physical and digital spaces that cater to a dynamic and diverse community of members worldwide. Established as part of the Membership Collective Group portfolio, Soho House connects members through exclusive lease agreement Houses, hotels, restaurants, studios, spas, and other bespoke properties designed to foster creativity and collaboration.

Soho House & Co Inc. operates across three primary segments: the United Kingdom, North America, and Europe and Rest of the World. The North America segment is particularly significant, generating the majority of the company's revenue. This segment includes various Soho Houses, standalone U.S. restaurants, the Willows Inn in Palm Springs, and management fees from the Soho Beach House Canouan. This geographical diversity allows the company to tap into different markets and cater to a wide range of member needs.

Additionally, Soho House owns and operates the Line and Saguaro hotels, known for their creative communities and unique destinations tailored to local cultures and environments. These hotels bring together emerging talents in design, food, beverage, arts, and culture, offering a rich platform for travel, collaboration, and discovery.

The company's business model centers around its vibrant membership community, providing spaces where members can work, socialize, connect, and grow. With a mix of physical settings and digital interactions, Soho House ensures a seamless and engaging member experience.

Recent achievements highlight Soho House's commitment to expansion and innovation. The company's ongoing projects and new openings across its key markets reflect a robust growth strategy aimed at enhancing member value and reaching new audiences. Financially, the company remains resilient, supported by stable revenue streams and strategic partnerships that bolster its market position.

  • Continued expansion and new openings across key markets
  • Strong financial performance supported by diverse revenue streams
  • Strategic partnerships enhancing market presence and member experience
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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FAQ

What is the current stock price of Soho House & Co (SHCO)?

The current stock price of Soho House & Co (SHCO) is $7.45 as of December 31, 2024.

What is the market cap of Soho House & Co (SHCO)?

The market cap of Soho House & Co (SHCO) is approximately 1.5B.

What is Soho House & Co Inc?

Soho House & Co Inc. is a membership platform offering physical and digital spaces for a diverse community of members to work, socialize, and connect.

What are the core segments of Soho House & Co Inc.?

The company's core segments are the United Kingdom, North America, and Europe and Rest of the World.

Where does Soho House & Co Inc generate most of its revenue?

The majority of the company's revenue is generated from the North America segment.

What kind of properties does Soho House & Co Inc. operate?

Soho House operates lease agreement Houses, hotels, restaurants, studios, spas, and other bespoke properties.

What are the Line and Saguaro hotels?

The Line and Saguaro hotels are creative communities within Soho House that offer unique destinations for design, food, beverage, arts, and culture.

What recent achievements has Soho House & Co Inc. accomplished?

Recent achievements include continued expansion, strong financial performance, and strategic partnerships to enhance market presence and member experience.

What is the business model of Soho House & Co Inc.?

The business model centers on providing a vibrant membership community with physical and digital spaces for work, socialization, and collaboration.

What is the significance of the Soho Beach House Canouan?

The Soho Beach House Canouan contributes to the company's revenue through management fees and is part of the North America segment.

How does Soho House ensure a seamless member experience?

Soho House offers a mix of physical settings and digital interactions to create engaging and comprehensive member experiences.

Who benefits from the creative communities at Line and Saguaro hotels?

Emerging talents in design, food, beverage, arts, and culture benefit from the collaborative and unique environments at the Line and Saguaro hotels.
Soho House & Co Inc.

NYSE:SHCO

SHCO Rankings

SHCO Stock Data

1.45B
48.00M
8.49%
54.75%
1.05%
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Hotels & Motels
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