Revenue Performance - Total revenues for the 13 weeks ended June 30, 2024, increased to $305,146, up from $288,923 for the same period in 2023, representing a growth of 5.5%[8] - Membership revenues rose to $103,584 for the 13 weeks ended June 30, 2024, compared to $89,193 in the prior year, marking an increase of 16.0%[8] - For the 26 weeks ended June 30, 2024, Soho House reported a consolidated net loss of $81 million, compared to a net loss of $34 million for the 13 weeks[24] - The company’s consolidated revenue for the 26 weeks ended June 30, 2024, was $568.3 million, with total segment revenue of $518.8 million[96] - Total revenues for the 26 weeks ended June 30, 2024, were $568,292, reflecting a 4% increase compared to $544,132 in the prior year[176] Membership Growth - Membership revenues increased by 16% to $103,584 for the 13 weeks ended June 30, 2024, compared to $89,193 for the same period last year[200] - The number of Soho House Members reached 204,028, a 16% increase from 176,305 in the previous year[146] - Membership revenues in the Americas segment increased by $6,631, or 16%, driven by a 17% increase in Adult Paying Soho House members year-on-year[154] - The company had approximately 264,500 members, including about 204,000 Soho House Members[123] - The company has a global waitlist of approximately 111,000 applicants as of June 30, 2024, indicating strong demand for membership[124] Financial Losses - Net loss attributable to Soho House & Co Inc. for the 13 weeks ended June 30, 2024, was $(33,869), compared to a net loss of $(2,644) for the same period in 2023[9] - For the 26 weeks ended June 30, 2024, the company reported a net loss of $80,514,000, compared to a net loss of $18,303,000 for the same period in 2023, indicating a significant increase in losses[18] - The company experienced a comprehensive loss of $79,391,000 for the 26 weeks ended June 30, 2024, compared to a comprehensive loss of $41,562,000 for the same period in 2023[10] - The net loss for the 26 weeks ended June 30, 2024, was $34,175,000, reflecting various expenses including $5 million in impairment losses on intangible assets[100] Operating Expenses - General and Administrative Expenses increased by $1,483, or 4%, to $38,726 for the 13 weeks ended June 30, 2024, compared to $37,243 for the same period in 2023[167] - Total operating expenses increased by 16% to $604,743, primarily due to higher In-House operating expenses[176] - In-House operating expenses increased to $314,513 for the 26 weeks ended June 30, 2024, an increase of $18,188 or 6% year-on-year[184] - Pre-opening expenses rose by $1,446, or 34%, to $5,652 for the 13 weeks ended June 30, 2024, driven by costs associated with the opening of Scorpios Bodrum and Soho House Sao Paulo[169] Asset and Liability Changes - Total current assets increased to $405,612 as of June 30, 2024, from $395,045 as of December 31, 2023, reflecting a growth of 2.7%[5] - Total liabilities rose to $2,775,912 as of June 30, 2024, compared to $2,688,429 as of December 31, 2023, indicating an increase of 3.2%[6] - Total shareholders' deficit attributable to Soho House & Co Inc. increased to $(231,658) as of June 30, 2024, from $(158,367) as of December 31, 2023[6] - Cash and cash equivalents decreased to $151,195 as of June 30, 2024, from $161,656 as of December 31, 2023, a decline of 6.5%[5] Segment Performance - Total consolidated segment revenue for the 13 weeks ended June 30, 2024, was $305,146,000, with the Americas contributing $119,555,000, the UK $93,191,000, and Europe & RoW $52,696,000[100] - The total segment revenue for the UK was $95.1 million for the 13 weeks ended June 30, 2024[94] - The Americas accounted for $119,555 in total revenues, representing a 7% increase from $111,687 in the previous year[152] - The Europe/RoW segment saw a 23% increase in Other revenues, driven by the opening of Scorpios, Bodrum[160] Cash Flow and Investments - Cash flows from operating activities for the 26 weeks ended June 30, 2024, provided $44,992,000, a substantial increase from $8,281,000 in the prior year[18] - The net cash used in investing activities for the 26 weeks ended June 30, 2024, was $45,059,000, compared to $40,774,000 in the prior year[18] - The company incurred cash paid for interest of $17,875 thousand for the 26 weeks ended June 30, 2024, compared to $15,889 thousand for the same period in 2023[24] Shareholder Actions - The company completed a stock repurchase program of up to $50 million, which was fully utilized by December 2022[86] - The company repurchased a total of 891,045 shares of Class A common stock for $5 million during the 13 weeks and 26 weeks ended June 30, 2024, under the new stock repurchase program[87] - The company repurchased 2 million shares of Class A common stock for $12 million on September 20, 2023, and authorized a new stock repurchase program for up to $50 million[87] Future Outlook - The company is currently evaluating the impact of several new accounting standards, including ASU 2023-06 and ASU 2023-07, which may affect future disclosures[31][32] - The company has factored in global economic uncertainties, including inflationary pressures, into its cash flow forecasts for the next 12 months[26] - The company continues to adopt a going concern basis in preparing its financial statements, indicating confidence in its operational continuity[27] - The company expects to open new locations including Bangkok, Mexico City, Portland, and Sao Paulo, enhancing its global footprint[128]

Financial Data and Key Metrics Changes - Total revenues for Q1 2024 grew 3% year-on-year to $263 million, driven by a 20% increase in membership revenues, which accounted for 38% of total revenue [21][19][25] - Adjusted EBITDA for Q1 was $19.3 million, slightly lower year-on-year, but higher than market expectations [15][27] - Cash and cash equivalents at the end of the quarter were $145 million, with net debt at $664 million, reflecting a reduction in net debt to EBITDA ratio from approximately 7x to 5x year-on-year [28][29] Business Line Data and Key Metrics Changes - Membership growth was significant, with over 4,000 new members added in the quarter, totaling 198,000 members, a 17% year-on-year increase [14][21] - In-house revenues decreased by $6 million year-on-year to $110 million, while other revenues fell by $3 million to $53 million [19][25] - House level contribution increased by 6% year-on-year, with house level margins rising to 25% [25] Market Data and Key Metrics Changes - RevPAR declined by 3% in the quarter, with U.S. leisure RevPAR estimated to be down approximately 4% [26] - The waitlist for membership grew to over 102,000, marking a 15% increase year-on-year, indicating strong demand [21] Company Strategy and Development Direction - The company is focused on enhancing membership value and operational excellence, with initiatives aimed at improving member experience and driving profitability [22][31] - New openings are progressing well, with strong demand noted in markets like Portland and Sao Paulo [23][24] - The company is investing in existing houses and launching new services, such as a gym in London [23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the improving consumer behavior, noting that footfall trends are better than general market conditions, despite cautious spending [36] - The company anticipates stronger EBITDA performance as it moves into seasonally stronger quarters [15][27] Other Important Information - The company published its 2023 ESG report, highlighting sustainability efforts and social impact initiatives [31] - A new HR system is being rolled out globally to improve operational efficiency [24] Q&A Session Summary Question: Can you elaborate on the consumer behavior trends? - Management noted that while footfall is up, spending is down as members are being more cautious. However, trends have improved sequentially throughout the year [36] Question: Are there geographic differences in consumer behavior? - Management indicated no significant differences across regions, with consistent performance noted globally [37] Question: Can you provide details on in-house spending improvements? - In-house spending showed improvement from high-single digits down in January to low-single digits by April [41] Question: What insights have member surveys provided regarding spending? - Surveys indicated positive feedback overall, with a focus on improving member experience rather than addressing specific spending concerns [43] Question: Is there a regional improvement in member satisfaction scores? - North America showed marked improvement in member satisfaction, attributed to leadership changes and improvement initiatives [46] Question: What is the status of the Soho Friends membership base? - The decline in Soho Friends membership is a result of a strategic de-emphasis on that segment, focusing more on core Soho House members [47]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from Commission File Number: 001-40605 Soho House & Co Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 86-3664553 (State or other jurisdiction o ...

"Total revenues grew 3% in the quarter, and we have seen steady improvement in underlying trends since the start of the year. This, coupled with continued strong execution, gives us confidence to raise the midpoint of our Adjusted EBITDA guidance." "I'd like to thank our teams for their passion and hard work, and members around the world for their continued loyalty." • Total Members in the first quarter 2024 grew to 261,571 from 259,884 in fourth quarter 2023 and by 9.9% year-over-year o Soho House Members ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 18, 2024 Soho House & Co Inc. (Exact name of Registrant as Specified in Its Charter) Securities registered pursuant to Section 12(b) of the Act: | | Trading | | | --- | --- | --- | | Title of each class | Symbol(s) | Name of each exchange on which registered | | Class A Common Stock, par ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-40605 Membership Collective Group Inc. (Former Name or Former Address, if Changed Since Last Report) Securities registered pursuant t ...

Soho House & Co Inc. (NYSE:SHCO) Q4 2023 Results Earnings Conference Call March 15, 2024 9:00 AM ET Company Participants Thomas Allen - Chief Financial Officer Andrew Carnie - Chief Executive Officer Conference Call Participants Steven Zaccone - Citigroup Shaun Kelley - Bank of America George Kelly - ROTH MKM Zachary Riddle - William Blair Operator Good morning. My name is Audra and I will be your conference operator today. At this time, I would like to welcome everyone to the Soho House & Co Fourth Quarter ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 1, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from Commission File Number: 001-40605 Soho House & Co Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 86-3664553 (State or other jurisdiction ...

NOVEMBER 2023 This presentation contains forward-looking statements that are based on management's beliefs and assumptions and on information currently available to management. In some cases, you can identify forward-looking statements by the following words: 'may,' 'will,' 'could,' 'would,' 'should,' 'expect,' 'intend,' 'plan,' 'anticipate,' 'believe,' 'estimate,' 'predict,' 'project,' 'potential,' 'continue,' 'ongoing,' 'targeting,' or the negative of these terms or other comparable terminology, although ...

Soho House & Co Inc. (NYSE:SHCO) Q3 2023 Earnings Conference Call November 10, 2023 9:00 AM ET Company Participants Thomas Allen - Chief Financial Officer Andrew Carnie - Chief Executive Officer Conference Call Participants Sharon Zackfia - William Blair Shaun Kelley - Bank of America Merrill Lynch Steven Zaccone - Citi John-Paul Wollam - ROTH MKM Stephen Grambling - Morgan Stanley Operator Ladies and gentlemen, thank you for standing by. My name is Bhavesh, and I'll be your conference operator today. At th ...