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4.85
1.89%
0.09
Why is Soho House Co Inc (SHCO) Stock down?
We've noticed a 5.19% decline in Soho House Co Inc (SHCO) stock during the 2024-11-15 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
10 Nov, 2023:
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).
1.35%
0.58%
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