Announcement • Feb 10
Soho House & Co Inc. Files Form 15 Soho House & Co Inc. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its Class A Common Stock under the Securities Exchange Act of 1934, as amended. The par value of the company's Class A Common Stock was $0.01 per share. Announcement • Jan 17
Soho House & Co Inc. announced that it expects to receive funding from Morse Ventures, MCR Investors LLC, Soho House & Co Inc. announced that it will receive a round of funding on January 16, 2026. The transaction will include participation from new investors, Morse Ventures, MCR Investors LLC for £37.357 million each and individual investor, Richard Caring will also roll over his stake, reducing the amount of funding required for the deal by $50m. The company will issue common shares in the transaction. The transaction will include participation from new lenders, Apollo Global Management, Inc., Goldman Sachs Group, Investment Banking and Securities Investments for £164.3708 debt facility. The transaction is raised at post money valuation of £1.3 billion. Announcement • Aug 18
Soho House & Co Inc. Announces Chief Financial Officer Changes Soho House & Co Inc. announced the appointment of Mr. Neil Thomson as the Company’s new Chief Financial Officer, effective August 18, 2025. Mr. Thomson, who will be based in the Company’s London Head Office, will succeed Mr. Thomas Allen, who will remain with the Company through August 29, 2025 to help ensure a smooth transition. Mr. Thomson is a 30-year hospitality company operations and finance veteran, having served most recently as Chief Financial Officer of Tasty Restaurant Group, a leading private equity backed US based franchisee of quick service restaurants. Prior to this Mr. Thomson was CFO of Del Frisco’s, a US high end and casual dining company. Mr. Thomson also held a number of senior management positions during 15 years at Yum! Brands including CFO of India, Chief Development Officer of Pizza Hut International and Chief Growth Officer of Pizza Hut Asia. Mr. Thomson is a Chartered Accountant having started his career at KPMG London. Announcement • Apr 29
Soho House & Co Inc., Annual General Meeting, Jun 18, 2025 Soho House & Co Inc., Annual General Meeting, Jun 18, 2025. Announcement • Mar 15
Soho House & Co Inc. announced delayed annual 10-K filing On 03/14/2025, Soho House & Co Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Announcement • Dec 19
An undisclosed third-party consortium proposed to acquire Soho House & Co Inc. (NYSE:SHCO) from The Yucaipa Companies, LLC and others for approximately $1.8 billion. An undisclosed third-party consortium proposed to acquire Soho House & Co Inc. (NYSE:SHCO) from The Yucaipa Companies, LLC and others for approximately $1.8 billion on December 19, 2024. A cash consideration valued at $9 per share will be paid by the buyer. The offer is conditioned on certain significant shareholders, including amongst others the Company’s Executive Chairman, Ron Burkle, and The Yucaipa Companies and its affiliates, rolling over their equity interests in the Company as part of the transaction. As a result of the offer and the fact that it is conditioned on certain significant shareholders rolling over their equity interests in the Company, the Board of Directors has formed an independent Special Committee of the Board to evaluate the offer. Announcement • Nov 07
Soho House & Co Inc. announced delayed 10-Q filing On 11/06/2024, Soho House & Co Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Reported Earnings • Aug 11
Second quarter 2024 earnings released: US$173 loss per share (vs US$0.014 loss in 2Q 2023) Second quarter 2024 results: US$173 loss per share (further deteriorated from US$0.014 loss in 2Q 2023). Revenue: US$305.1m (up 5.6% from 2Q 2023). Net loss: US$33.9m (loss widened US$31.2m from 2Q 2023). Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Announcement • Aug 09
Soho House & Co Inc. Updates Revenue Guidance for the Fiscal Year 2024 Soho House & Co Inc. updated revenue guidance for the fiscal year 2024. For the period, the company expects Total revenues to be $1,200 million to $1,250 million compared to previous guidance of $1,200 million to $1,250 million. New Risk • Jul 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Negative equity (-US$185m). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$30m net loss in 2 years). Share price has been volatile over the past 3 months (6.6% average weekly change). Significant insider selling over the past 3 months (€291k sold). Announcement • Jul 26
Soho House & Co Inc. to Report Q2, 2024 Results on Aug 09, 2024 Soho House & Co Inc. announced that they will report Q2, 2024 results on Aug 09, 2024 New Risk • Jul 26
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €291k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Negative equity (-US$185m). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$30m net loss in 2 years). Significant insider selling over the past 3 months (€291k sold). Recent Insider Transactions • Jul 26
CEO & Director recently sold €291k worth of stock On the 24th of July, Andrew Carnie sold around 57k shares on-market at roughly €5.12 per share. This transaction amounted to 5.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Andrew has been a net seller over the last 12 months, reducing personal holdings by €776k. Announcement • May 11
Soho House & Co Inc. Updates Revenue Guidance for the Fiscal Year 2024 Soho House & Co Inc. updated revenue guidance for the fiscal year 2024. For the period, the company expects Total revenues to be $1,200 million to $1,250 million compared to previous guidance of $1,200 million to $1,250 million. Announcement • May 01
Soho House & Co Inc., Annual General Meeting, Jun 10, 2024 Soho House & Co Inc., Annual General Meeting, Jun 10, 2024, at 11:00 US Eastern Standard Time. Agenda: To consider the election of four ClassIII directors and three ClassI directors named in the proxy statement; to consider the ratification of the appointment of BDO LLP as independent registered public accounting firm for the fiscal year ending December 29, 2024; and to consider the transaction of such other business as may properly come before the meeting, or any adjournment or postponement thereof. Announcement • Apr 28
Soho House & Co Inc. to Report Q1, 2024 Results on May 10, 2024 Soho House & Co Inc. announced that they will report Q1, 2024 results on May 10, 2024 Announcement • Mar 20
Soho House & Co Inc. announced delayed annual 10-K filing On 03/18/2024, Soho House & Co Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Buy Or Sell Opportunity • Mar 19
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 33% to €4.50. The fair value is estimated to be €5.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 41% over the last 3 years. Earnings per share has grown by 43%. Revenue is forecast to grow by 21% in 2 years. Earnings are forecast to grow by 45% in the next 2 years. Reported Earnings • Mar 15
Full year 2023 earnings released: US$0.60 loss per share (vs US$1.10 loss in FY 2022) Full year 2023 results: US$0.60 loss per share (improved from US$1.10 loss in FY 2022). Revenue: US$1.14b (up 17% from FY 2022). Net loss: US$118.0m (loss narrowed 47% from FY 2022). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 8.5% growth forecast for the Hospitality industry in Germany. Announcement • Mar 15
Soho House & Co Inc. Provides Revenue Guidance for Fiscal 2024 Soho House & Co Inc. provided revenue guidance for fiscal 2024. For the period, the company expects total revenues of $1,200 million – $1,250 million. Announcement • Feb 10
Soho House & Co Inc. to Report Fiscal Year 2023 Results on Mar 06, 2024 Soho House & Co Inc. announced that they will report fiscal year 2023 results on Mar 06, 2024 New Risk • Feb 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Negative equity (-US$76m). Breakeven Date Change • Nov 13
Forecast to breakeven in 2025 The 7 analysts covering Soho House & Co expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 66% to 2024. The company is expected to make a profit of US$59.8m in 2025. Average annual earnings growth of 69% is required to achieve expected profit on schedule. Reported Earnings • Nov 12
Third quarter 2023 earnings released: US$216 loss per share (vs US$0.46 loss in 3Q 2022) Third quarter 2023 results: US$216 loss per share. Revenue: US$301.0m (up 13% from 3Q 2022). Net loss: US$42.4m (loss narrowed 54% from 3Q 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Hospitality industry in Germany. Announcement • Oct 27
Soho House & Co Inc. to Report Q3, 2023 Results on Nov 10, 2023 Soho House & Co Inc. announced that they will report Q3, 2023 results on Nov 10, 2023 New Risk • Oct 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 8.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.5% average weekly change). Minor Risks Negative equity (-US$46m). Currently unprofitable and not forecast to become profitable next year (US$42m net loss next year). Significant insider selling over the past 3 months (€807k sold). Reported Earnings • Aug 13
Second quarter 2023 earnings released: US$0.014 loss per share (vs US$0.41 loss in 2Q 2022) Second quarter 2023 results: US$0.014 loss per share (improved from US$0.41 loss in 2Q 2022). Revenue: US$288.9m (up 19% from 2Q 2022). Net loss: US$2.64m (loss narrowed 97% from 2Q 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Hospitality industry in Germany. Announcement • Aug 12
Soho House & Co Inc. Updates Earnings Forecast for the Fiscal Year 2023 Soho House & Co Inc. updated earnings forecast for the Fiscal year 2023. For the period, the company expects Total Revenues to $1.12 – $1.19 billion from Old Guidance $1.1 - $1.2 billion. New Risk • Jul 28
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €322k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Negative equity (-US$33m). Currently unprofitable and not forecast to become profitable next year (US$54m net loss next year). Share price has been volatile over the past 3 months (8.0% average weekly change). Significant insider selling over the past 3 months (€322k sold). Recent Insider Transactions • Jul 28
CEO, President & Director recently sold €190k worth of stock On the 26th of July, Andrew Carnie sold around 38k shares on-market at roughly €5.00 per share. This transaction amounted to 4.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Andrew has been a net seller over the last 12 months, reducing personal holdings by €322k. Announcement • May 13
Soho House & Co Inc. Provides Revenue Guidance for Fiscal 2023 Soho House & Co Inc. provided revenue guidance for fiscal 2023. For the period, the company expects total revenues of $1.1 billion to $1.2 billion. Reported Earnings • May 13
First quarter 2023 earnings released: US$81.63 loss per share (vs US$0.30 loss in 1Q 2022) First quarter 2023 results: US$81.63 loss per share. Revenue: US$255.2m (up 33% from 1Q 2022). Net loss: US$16.0m (loss narrowed 74% from 1Q 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Hospitality industry in Germany. Reported Earnings • Mar 09
Full year 2022 earnings released: US$1.10 loss per share (vs US$1.88 loss in FY 2021) Full year 2022 results: US$1.10 loss per share (improved from US$1.88 loss in FY 2021). Revenue: US$972.2m (up 73% from FY 2021). Net loss: US$220.6m (loss narrowed 32% from FY 2021). Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Hospitality industry in Germany. Recent Insider Transactions • Dec 26
Insider recently bought €376k worth of stock On the 22nd of December, Richard Caring bought around 110k shares on-market at roughly €3.42 per share. This transaction increased Richard Caring's direct individual holding by 3x at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €1.7m. Insiders have collectively bought €378k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Nov 25
Insider recently bought €148k worth of stock On the 22nd of November, Richard Caring bought around 32k shares on-market at roughly €4.58 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €1.7m more in shares than they bought in the last 12 months. Reported Earnings • Nov 17
Third quarter 2022 earnings released: US$0.46 loss per share (vs US$0.72 loss in 3Q 2021) Third quarter 2022 results: US$0.46 loss per share (improved from US$0.72 loss in 3Q 2021). Revenue: US$266.0m (up 48% from 3Q 2021). Net loss: US$91.7m (loss narrowed 34% from 3Q 2021). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Hospitality industry in Germany. Breakeven Date Change • Nov 16
No longer forecast to breakeven The 5 analysts covering Membership Collective Group no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$46.2m in 2024. New consensus forecast suggests the company will make a loss of US$4.94m in 2024. Breakeven Date Change • Nov 02
No longer forecast to breakeven The 5 analysts covering Membership Collective Group no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$46.2m in 2024. New consensus forecast suggests the company will make a loss of US$4.94m in 2024. Reported Earnings • Aug 18
Second quarter 2022 earnings released: US$0.41 loss per share (vs US$0.53 loss in 2Q 2021) Second quarter 2022 results: US$0.41 loss per share. Revenue: US$243.8m (up 97% from 2Q 2021). Net loss: US$82.0m (loss widened 49% from 2Q 2021). Over the next year, revenue is forecast to grow 43%, compared to a 685% growth forecast for the Hospitality industry in Germany. Recent Insider Transactions • Jul 23
President & Director recently sold €592k worth of stock On the 20th of July, Andrew Carnie sold around 86k shares on-market at roughly €6.87 per share. This was the largest sale by an insider in the last 3 months. This was Andrew's only on-market trade for the last 12 months. Reported Earnings • May 20
First quarter 2022 earnings released: US$0.30 loss per share (vs US$0.46 loss in 1Q 2021) First quarter 2022 results: US$0.30 loss per share (up from US$0.46 loss in 1Q 2021). Revenue: US$192.0m (up 165% from 1Q 2021). Net loss: US$60.5m (loss narrowed 33% from 1Q 2021). Over the next year, revenue is forecast to grow 54%, compared to a 36% growth forecast for the industry in Germany. Breakeven Date Change • Apr 27
Forecast to breakeven in 2024 The 7 analysts covering Membership Collective Group expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 64% to 2023. The company is expected to make a profit of US$76.6m in 2024. Average annual earnings growth of 106% is required to achieve expected profit on schedule. Breakeven Date Change • Mar 30
Forecast breakeven date pushed back to 2024 The 7 analysts covering Membership Collective Group previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 69% to 2023. The company is expected to make a profit of US$76.6m in 2024. Average annual earnings growth of 113% is required to achieve expected profit on schedule. Reported Earnings • Mar 17
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: US$560.6m (up 46% from FY 2020). Net loss: US$265.4m (loss widened 14% from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 78%, compared to a 108% growth forecast for the restaurants industry in Germany. Recent Insider Transactions • Jan 30
Chief Financial Officer recently sold €78k worth of stock On the 26th of January, Humera Afzal sold around 10k shares on-market at roughly €8.15 per share. In the last 3 months, there was an even bigger sale from another insider worth €158k. This was Humera's only on-market trade for the last 12 months. Recent Insider Transactions • Jan 25
Chief Operating Officer recently sold €158k worth of stock On the 20th of January, Martin Kuczmarski sold around 19k shares on-market at roughly €8.26 per share. This was the largest sale by an insider in the last 3 months. This was Martin's only on-market trade for the last 12 months. Reported Earnings • Nov 20
Third quarter 2021 earnings released: US$0.72 loss per share The company reported a soft third quarter result with weaker control over costs, although losses were stable and revenues were flat. Third quarter 2021 results: Revenue: US$179.6m (flat on 3Q 2020). Net loss: US$138.9m (flat on 3Q 2020). Breakeven Date Change • Sep 23
Forecast to breakeven in 2023 The 7 analysts covering Membership Collective Group expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$16.5m in 2023. Average annual earnings growth of 88% is required to achieve expected profit on schedule. Recent Insider Transactions • Sep 03
Executive Chairman recently bought €2.1m worth of stock On the 1st of September, Ronald Burkle bought around 200k shares on-market at roughly €10.25 per share. This was the largest purchase by an insider in the last 3 months. This was Ronald's only on-market trade for the last 12 months.