Soho House reports Q4 EPS (29c), consensus (7c)

Reports Q4 revenue $290.79M, consensus $304.52M. Total Members in the fourth quarter 2023 grew to 259,884. Soho House Members grew to 193,865. Revenue per available room grew 4%. “The strong results we delivered in 2023 demonstrate our continued focus on driving a better member experience and significant progress on improving profitability. We grew Soho House membership approximately 20%, including the benefit of maturing Houses and entering into South East Asia and Latin America for the first time. We more than doubled Adjusted EBITDA, reflecting 11% margins up from 6% in 2022,” said Andrew Carnie, CEO of Soho House & Co.