Soho House Owner to Open Ned Restaurants in New York and Doha [Business News Network (BNN) (Canada)]
Membership Collective Group Inc. Class A (MCG)
Company Research
Source: Business News Network
Revenue at the company, Membership Collective Group Inc., rose 57% to $180 million in the third quarter, exceeding analysts' estimates. The company reported a net loss of $76 million as it continued to invest in new venues. The wait-list to join the network, whose venues include the Scorpios Beach Club in Mykonos, grew once more last quarter. New location plans include the two Ned restaurants as well as a Scorpios in Tulum, Mexico, as travel resumes and some pandemic restrictions abate. The shares rose 3.8% in early New York trading, paring the decline since the July listing to 11%. MCG, whose Soho Houses offer members a place where they can network, relax as well as eat, drink and sleep, is also seeking to generate more revenue with an interior decorating brand called Soho Home. To recruit and retain employees, the group said it raised salaries, compensating by increasing the prices of food, beverages and room rates. MCG plans to open seven houses next year, with venues in
Show less
Read more
Impact Snapshot
Event Time:
MCG
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MCG alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MCG alerts
High impacting Membership Collective Group Inc. Class A news events
Weekly update
A roundup of the hottest topics