NYSE$SHCO
Soho House & Co Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Soho House's Q1 2024 performance reflected membership growth and revenue increase.
Soho House & Co reported a 3.1% year-over-year increase in total revenues, reaching $263.1 million, driven by a 20.4% increase in membership revenues. Soho House membership grew 17% year-on-year with waitlist surpassing 100,000. The company's net loss attributable to Soho House & Co Inc. was $46.0 million, or $0.24 per share, and Adjusted EBITDA was $19.3 million.
- Total Members grew to 261,571, a 9.9% increase year-over-year.
- Soho House Members increased to 198,021, up 17.4% year-over-year.
- Total revenues reached $263.1 million, a 3.1% year-over-year growth.
- Membership revenues grew to $100.2 million, a 20.4% year-over-year increase.
Headline financials
Revenue & EPS history
Soho House · Revenue · Quarterly
$263M
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
Soho House & Co updated its fiscal year 2024 guidance, maintaining previous expectations for total Soho House Members and total revenues, and slightly increasing the midpoint of Adjusted EBITDA guidance.
Tailwinds
- Total Soho House Members expected to be greater than 210,000.
- Membership revenues projected between $405 million and $415 million.
- Total revenues expected to range from $1,200 million to $1,250 million.
- Adjusted EBITDA projected between $157 million and $165 million.
- Guidance assumes no material FX impact, reflecting bank estimates.
Headwinds
- Guidance does not add back pre-opening costs.
- Guidance does not add back non-cash rent.
- Guidance does not add back deferred registration fees.
- Combined pre-opening costs, non-cash rent and deferred registration fees are estimated at ~$25-30m for fiscal 2024.
- Forward-looking statements are based on current expectations and involve risks and uncertainties.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 8 quarterly earnings reports · overlaid with Q1 2024
+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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro