NYSE$SHCO
Soho House & Co Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Soho House addressed shareholders amidst special committee proceedings and potential information leaks.
Soho House's shareholder letter, addressed concerns about profitability despite successful mature houses, discusses the potential for going private, and addresses a potential leak from the special committee process.
- Mature Soho Houses contribute an average of 35%+ House-Level margin, highlighting long-term value creation.
- The Board and its affiliates control approximately 75% of the stock, leading to considerations of taking the company private.
- An outside audit firm was hired by an independent law firm due to a negative write-up, confirming no issues but diverting management time.
- The company formed a special committee to review potential transactions, with the author intending to remain a long-term owner.
Headline financials
Revenue & EPS history
Soho House · Revenue · Quarterly
$291M
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
The document contains forward-looking statements regarding expected financial and operational performance in Fiscal 2024, which are subject to 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 Q4 2023
+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
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