Soho House Co Inc (SHCO)

Soho House Co Inc Stock (SHCO) dropped by 21.10% from $8.15 to $6.43 in the trading on Friday November 10, 2023. The reason why SHCO stock down today is due to its third-quarter results and narrowed outlook.

• Q3 Sales growth of 13.1% year-on-year to $301 million, missing the analyst consensus estimate of $306.256 million.
• Earnings per share of ($0.22) for the quarter, missing the consensus estimate of ($0.11).
• Outlook: Shoho narrowed its FY23 revenue forecast to $1.13 - $1.16 billion (previously $1.12 - $1.19 billion) versus the consensus of $1.17 billion. SHCO expects Adjusted EBITDA of $130 - $135 million (previously $126 - $134 million).