Soho House & Co Inc. (NYSE:SHCO) Q2 2024 Earnings Conference Call August 9, 2024 9:00 AM ET

Company Participants

Andrew Carnie - Chief Executive Officer
Thomas Allen - Chief Financial Officer

Conference Call Participants

Steven Zaccone - Citi.
Sharon Zackfia - William Blair
Shaun Kelley - Bank of America
George Kelly - ROTH Capital

Operator

Hello, everyone, and welcome to the Soho House and Co Incorporated Second Quarter 2024 Results Conference call. Please note that this call is being recorded. Everyone is on listen-only mode to avoid any background noise. You will have an opportunity to ask questions to our speakers later in the Q&A session. [Operator Instructions]. Thank you.

I'd now like to hand over to Thomas Allen, Soho House and Co Incorporated Chief Financial Officer. You may now begin.

Thomas Allen

Thank you for joining us today to discuss Soho House and Co.'s second quarter financial results. My name is Thomas Allen, and I'm the Chief Financial Officer. I'm here with Andrew Carnie, our CEO. Today's discussion contains forward-looking statements that represent our beliefs or expectations about future events. All forward-looking statements involve risks and uncertainties that could cause the actual results to differ materially from the forward-looking statements. Some of the factors that may cause such differences are described in our SEC filings.

Any forward-looking statements represent our views only as of today, and we assume no obligation to update any forward-looking statements if our views change. By now, you should have access to our Q2 earnings release, which can be found at sohohouseco.com in the News and Events section. Additionally, we have posted our Q2 presentation that can also be found in the News and Events section on our site.

During the call, we also refer to certain non-GAAP financial measures. These non-GAAP measures should be considered in addition to and not as a substitute for or in isolation from our GAAP results. Reconciliation from the most comparable GAAP measures are available in today's earnings press release.

Now, let me hand it over to Andrew.

Andrew Carnie

Thanks, Thomas, and hello, everyone. I'm going to update you on the quarter's highlights and provide an update on the progress we've made against our strategic priorities. I'll then hand it over to Thomas to talk through the financial performance, give an update on our banner sheet, and our guidance before moving on to Q&A.

Q2 has been another strong quarter, with year-on-year and quarter-on-quarter growth in membership, revenues, and EBITDA as we continue to deliver against our strategic priorities of growing, enhancing membership and operational excellence to drive greater profitability.