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Membership Collective Group Inc - MCG STOCK NEWS

Welcome to our dedicated news page for Membership Collective Group (Ticker: MCG), a resource for investors and traders seeking the latest updates and insights on Membership Collective Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Membership Collective Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Membership Collective Group's position in the market.

News
Letter to Soho House & Co Inc. Shareholders from Executive Chairman of the Board
Rhea-AI Summary
Soho House & Co Inc. chairman addresses shareholders, highlighting the long-term value and profitability of mature Houses in the company's network.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
20.93%
Tags
none
-
News
Soho House & Co Inc. Announces Fourth Quarter and Fiscal Year 2023 Results
Rhea-AI Summary
Soho House & Co Inc. (NYSE: SHCO) announced strong financial results for Q4 2023 and FY 2023, showcasing growth in total members, revenues, and Adjusted EBITDA. The company reported a net loss but highlighted significant progress in profitability and member experience enhancement. With new house openings and strategic initiatives, SHCO aims to drive operational excellence and membership growth in the upcoming year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.57%
Tags
earnings
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News
Soho House & Co Inc. to Announce Fourth Quarter 2023 Results on March 15, 2024
Rhea-AI Summary
Soho House & Co Inc. (NYSE: SHCO) will release its Q4 2023 financial results on March 15, 2024. It is a global membership platform with various brands under its umbrella. The company offers physical and digital spaces for members worldwide.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.81%
Tags
earnings
News
Soho House & Co Inc. f/k/a Membership Collective Group Inc. (SHCO) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged Wrongdoings
Rhea-AI Summary
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of Soho House & Co Inc. investors after GlassHouse Research published a report criticizing the company's business model and accounting practices, leading to a significant stock price drop.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.25%
Tags
none
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News
Soho House & Co Inc. Announcement
Rhea-AI Summary
Soho House & Co Inc. (NYSE: SHCO) rejects a report by GlassHouse Research, citing inaccuracies and misleading statements. The company reaffirms its confidence in its business, upcoming financial results, and plans for growth. The Board approves a $50 million share repurchase authorization, signaling a positive outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.6%
Tags
none
-
News
Soho House & Co Promotes Tom Collins to Chief Operating Officer
Rhea-AI Summary
Soho House & Co. (NYSE: SHCO) promotes Tom Collins to Chief Operating Officer, effective November 1, 2023. Collins, previously Managing Director for UK, Europe, and Asia, has held senior leadership roles during his ten-year tenure, successfully opening new Soho Houses in various regions. He will report to CEO Andrew Carnie and aims to drive continued growth and success for the company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-21.1%
Tags
none
News
Soho House & Co Inc. Announces Third Quarter 2023 Results
Rhea-AI Summary
Soho House & Co Inc. (NYSE: SHCO) announced third quarter results, with total members growing to 255,252, revenues of $301.0 million, and net loss of $42.4 million. The company opened Soho House Mexico City and plans to open locations in Portland and Sao Paulo. Adjusted EBITDA more than doubled year-on-year, and membership guidance for year-end 2024 is set to exceed 210,000 Soho House members.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-21.1%
Tags
earnings
-
News
Soho House & Co Inc. to Announce Third Quarter 2023 Results on November 10
Rhea-AI Summary
Soho House & Co Inc. (SHCO) will release its third-quarter 2023 financial results on November 10, 2023. A conference call and webcast will be hosted to discuss these results. Soho House & Co is a global membership platform that connects members through physical and digital spaces worldwide.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.2%
Tags
earnings
-
News
Soho House & Co Inc. Announces Second Quarter 2023 Results
Rhea-AI Summary
Soho House & Co Inc. announces Q2 2023 results with total revenues of $288.9 million, up 18.5% YoY. Adjusted EBITDA was $31.8 million, up $16.4 million from Q2 2022. Total members grew to 248,071, a 28.3% YoY increase. Soho House members grew to 176,305, a 23.9% YoY increase. Membership waitlist sits at an all-time high of approximately 95,000. Plan to open new Soho Houses in Mexico City, Portland, and Sao Paulo. Net loss attributable to Soho House & Co Inc. was $2.6 million or $0.01 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
14.87%
Tags
earnings
News
Soho House & Co Inc. to Announce Second Quarter 2023 Results on August 11
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.53%
Tags
earnings
Stock MCG logo
Membership Collective Group Inc

NYSE:MCG

MCG Rankings

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N/A Ranked by Stock Gains
N/A Ranked by Dividends

MCG Stock Data

1.29B
48.79M
13.02%
69.93%
0.96%
Hotels (except Casino Hotels) and Motels
Accommodation and Food Services
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United States
New York

About MCG

The Membership Collective Group (MCG) is a global membership platform of physical and digital spaces that connects a vibrant, diverse and global group of members. These members use the MCG platform to work, socialize, connect, create and flourish all over the world. The company began with the opening of the first Soho House in 1995 and remain the only company to have scaled a private membership network with a global presence. Members around the world engage with MCG through its global portfolio of 30 Soho Houses, 9 Soho Works, The Ned in London, Scorpios Beach Club in Mykonos, Soho Home – its interiors and lifestyle retail brand – and its digital channels.