NASDAQ$OSW
OneSpaWorld Holdings Limited · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
OneSpaWorld's first quarter performance was materially impacted by the global response to the COVID-19 pandemic.
OneSpaWorld reported a decrease in total revenues to $114.3 million for the quarter, impacted by COVID-19, with an estimated $35 million in revenues lost due to cancelled voyages and closed destination resorts. The company took decisive actions to reduce costs, prioritize liquidity, and preserve cash, including closing spas, repatriating personnel, and suspending the dividend program. They also secured a $75 million private placement to sustain operations and innovate service offerings.
- Total revenues decreased by $23.2 million to $114.3 million due to COVID-19 impacts.
- Net loss attributable to OneSpaWorld was ($198.7) million, primarily due to goodwill and trade name impairment charges.
- Adjusted EBITDA was $5.1 million, compared to $15.3 million in the first quarter of 2019.
- The company closed all spas on ships and U.S., Caribbean-based and Asian-based destination resort spas, and has taken actions to reduce costs and preserve cash.
Headline financials
Revenue & EPS history
OneSpaWorld · Revenue · Quarterly
$114M
Revenue by segment
OneSpaWorld · $114M total across 2 segments · Q1 2020
- Service revenues$89.6M-15.5%78.4%
- Product revenues$24.7M-21.4%21.6%
Forward guidance
The Company is not providing financial guidance due to the ongoing business disruption and substantial uncertainty surrounding the impact of the COVID-19 pandemic on its business.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2020
+0.1%
Avg return
Earnings day
+0.1%
Avg return
5 days after
-0.7%
Avg return
30 days after
42%
14 / 33 earnings
Positive
+16.8%
Q1 2024
Best reaction
-10.7%
Q3 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +4.5% | -1.3% | -0.1% | |
| Q4 2025 | -4.8% | -7.4% | -10.3% | |
| Q3 2025 | +3.0% | +8.4% | -4.1% | |
| Q1 2025 | -5.3% | +3.9% | +6.9% | |
| Q4 2024 | +0.6% | -17.6% | -23.4% | |
| Q3 2024 | +0.3% | +0.3% | +8.8% | |
| Q2 2024 | -5.2% | -10.0% | -5.4% | |
| Q1 2024 | +16.8% | +15.7% | +22.2% | |
| Q4 2023 | -7.1% | -7.7% | -5.7% | |
| Q3 2023 | +1.0% | +4.4% | +16.7% | |
| Q2 2023 | -4.0% | -5.1% | -8.1% | |
| Q1 2023 | -3.2% | -4.5% | -12.5% | |
| Q4 2022 | +8.5% | +9.2% | +7.1% | |
| Q3 2022 | +4.8% | +10.4% | +13.7% | |
| Q2 2022 | +13.2% | +16.9% | +15.4% | |
| Q1 2022 | -6.9% | -14.4% | -7.2% | |
| Q4 2021 | +5.3% | -1.5% | +6.2% | |
| Q3 2021 | +11.4% | +12.5% | -14.4% | |
| Q2 2021 | +6.2% | +2.2% | +2.6% | |
| Q1 2021 | +0.8% | +8.4% | +11.6% | |
| Q4 2020 | -0.5% | -3.1% | -1.9% | |
| Q3 2020 | -10.7% | -5.9% | +2.0% | |
| Q2 2020 | -9.4% | -8.9% | +16.9% | |
| Q1 2020 | -4.6% | +10.4% | +15.9% | |
| Q4 2019 | -1.3% | -1.4% | -66.7% | |
| Q3 2019 | -6.9% | -6.0% | -0.4% | |
| Q2 2019 | -0.8% | -1.1% | +5.2% | |
| Q1 2019 | -1.9% | -2.3% | -5.6% | |
| Q4 2018 | +0.1% | -1.6% | -8.5% | |
| Q3 2018 | +0.0% | +0.0% | +0.4% | |
| Q2 2018 | +0.0% | +0.4% | +0.1% | |
| Q1 2018 | +0.0% | +0.1% | +0.5% | |
| Q4 2017 | +0.0% | +0.0% | +0.0% | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — |
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