LONDON (AP) — LONDON (AP) — Soho House & Co Inc (SHCO) on Friday reported a loss of $16 million in its first quarter.
On a per-share basis, the London-based company said it had a loss of 8 cents.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share.
The operator of members-only luxury hotels and clubs under the Soho House brand posted revenue of $255.2 million in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $259 million.
Soho House expects full-year revenue in the range of $1.1 billion to $1.2 billion.
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