Soho House & Co Inc. Announces Second Quarter 2024 Results
Soho House & Co Inc. Class A (SHCO)
Company Research
Source: Business Wire
LONDON--(BUSINESS WIRE)--Soho House & Co Inc. (NYSE: SHCO) (“SHCO,” “Company,” “we” or “our”), a global membership platform that connects a vibrant, diverse, and global group of members, today announced results for the second quarter ended June 30, 2024.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240808439259/en/Soho House São Paulo. Photo: Christopher Sturman (Photo: Business Wire)Second Quarter 2024 HighlightsTotal Members in the second quarter 2024 grew to 264,540 from 261,571 in first quarter 2024 and by 6.6% year-over-yearSoho House Members grew to 204,028 from 198,021 in first quarter 2024, and 16% year-over-yearSHCO Membership waitlist now sits at approximately 111,000, an all-time highTotal revenues of $305.1 million, 5.6% year-over-year growthMembership revenues grew to $103.6 million, a 16.1% increase year-over-year, accounting for 33.9% of Total revenuesIn-House revenues of $128.4 million, up $2.9 million
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- Soho House & Co Inc. (NYSE: SHCO) had its "equal weight" rating re-affirmed by analysts at Morgan Stanley. They now have a $5.50 price target on the stock.MarketBeat
- Soho House & Co Inc. (NYSE: SHCO) had its "buy" rating re-affirmed by analysts at Roth Mkm. They now have a $7.50 price target on the stock.MarketBeat
- Soho House & Co Inc. to Announce Second Quarter 2024 Results on August 9, 2024Business Wire