NYSE$SHCO
Soho House & Co Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Membership Collective Group announced first quarter 2022 results and introduced fiscal 2022 guidance.
Membership Collective Group's first quarter 2022 showed significant growth, with total revenue increasing by 165.2% compared to the first quarter of 2021. The company welcomed over 16,000 new members and opened two new Soho Houses. MCG introduced fiscal 2022 guidance based on the first quarter performance and current trading.
- Total Members grew to 171,927, a 44.3% year-over-year increase.
- Total revenue reached $192.0 million, representing 165.2% growth compared to Q1 2021.
- In-House revenues increased to $87.8 million, up from $16.3 million in Q1 2021.
- Net loss attributable to Membership Collective Group Inc. was ($60.5m) or ($0.30) per share.
Headline financials
Revenue & EPS history
Soho House · Revenue · Quarterly
$192M
Revenue by segment
Soho House · $180M total across 3 segments · Q3 2021
- In-House revenue$67M—37.2%
- Other revenue$62M—34.4%
- Membership revenue$51M—28.3%
Forward guidance
MCG introduced fiscal 2022 guidance, including full-year member, revenue and Adjusted EBITDA targets.
Tailwinds
- Soho House Members: 160,000 to 165,000
- Total Membership Revenues: $270 million to $280 million
- Total Revenues: $950 million to $1,025 million
- Adjusted EBITDA: $80 million to $90 million
- Nine new Soho House openings expected in fiscal 2022, as well as two new Ned sites in New York and Doha.
Headwinds
- The current consumer outlook is challenging.
- Inflationary pressures persist during 2022.
- Pre-opening costs, non-cash rent and deferred registration fees which we currently estimate to be a total of ~$60 million combined for fiscal 2022 as a whole.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 8 quarterly earnings reports
+5.1%
Avg return
Earnings day
+10.4%
Avg return
5 days after
+13.8%
Avg return
30 days after
73%
11 / 15 earnings
Positive
+41.8%
Q3 2024
Best reaction
-27.8%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | — | — | — | |
| Q3 2025 | +0.1% | -0.2% | -0.9% | |
| Q2 2025 | +12.5% | +18.1% | +36.8% | |
| Q1 2025 | +5.1% | -3.4% | +3.9% | |
| Q4 2024 | +2.2% | -21.8% | -10.6% | |
| Q3 2024 | +41.8% | +45.2% | +49.9% | |
| Q2 2024 | +1.7% | +15.2% | +21.8% | |
| Q1 2024 | +10.8% | +8.0% | -1.0% | |
| Q4 2023 | +23.7% | +21.9% | +10.7% | |
| Q3 2023 | — | — | — | |
| Q2 2023 | — | — | — | |
| Q1 2023 | — | — | — | |
| Q4 2022 | +3.2% | — | — | |
| Q3 2022 | -27.8% | — | — | |
| Q2 2022 | -16.8% | — | — | |
| Q1 2022 | -3.9% | — | — | |
| Q4 2021 | +13.4% | — | — | |
| Q3 2021 | +12.1% | — | — | |
| Q2 2021 | -1.0% | — | — |
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