Welcome to our dedicated page for Soho House & Co news (Ticker: SHCO), a resource for investors and traders seeking the latest updates and insights on Soho House & Co stock.
Soho House & Co Inc (SHCO) maintains this dedicated news hub to provide stakeholders with timely updates about its global hospitality operations and membership platform developments. Our curated collection features official press releases, financial disclosures, and strategic announcements directly from the company.
Investors and industry observers will find essential updates including quarterly earnings reports, new property openings, partnership agreements, and leadership changes. The archive serves as a centralized resource for tracking SHCO's expansion in creative community spaces, boutique hotel launches, and operational milestones across North America, Europe, and emerging markets.
All content is sourced from verified corporate communications to ensure accuracy and compliance with financial disclosure standards. We maintain strict editorial guidelines to present information without speculation or investment recommendations.
Bookmark this page for efficient access to SHCO's latest developments in luxury hospitality, membership program enhancements, and cultural engagement initiatives. For comprehensive analysis, combine these primary sources with market data and regulatory filings available through Stock Titan's research tools.
Soho House & Co Inc. (NYSE: SHCO), a global membership platform, will release its second-quarter 2024 financial results on Friday, August 9, 2024. The company will host a conference call and live webcast at 9:00 am ET on the same day to discuss the results. Investors can access the call via phone or webcast, with replay available on the company website for up to 90 days. SHCO operates a diverse portfolio including 44 Soho Houses, 9 Soho Works, Scorpios Beach Clubs, The Ned hotels, and the Soho Home retail brand across various global locations.
Soho House & Co, trading under the ticker SHCO on the NYSE, has announced the dissolution of a Special Committee formed to evaluate strategic transactions, including a potential privatization. The committee was formed in response to an offer valuing the company at a premium over its current trading price. However, the offer was deemed insufficient in reflecting the company's true value and not in the best interest of public stockholders. In addition, Soho House will hold an Investor Day later this year to discuss long-term growth plans. The Board also approved a $50 million share repurchase program in February 2024.
Soho House & Co Inc. (NYSE: SHCO) reported solid first quarter 2024 results with total members growing to 261,571, a 9.9% increase year-over-year, and membership revenues reaching $100.2 million, up 20.4% year-over-year. However, the company reported a net loss of $46.0 million and a decrease in In-House revenues by -5% year-over-year. Adjusted EBITDA was $19.3 million, down $(0.8) million from first quarter 2023. The company remains optimistic about future growth with plans to open new locations and raise midpoint of Adjusted EBITDA guidance.
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