OneSpaWorld Holdings beats Q3 revenue estimates on higher guest spending, raises FY outlook
Overview
Global wellness services provider's Q3 revenue rose 7% yr/yr, beating analyst expectations
Adjusted EPS for Q3 beat analyst expectations
Company announced $100 mln share buyback and 25% dividend increase
Outlook
Company raises FY 2026 revenue guidance to $1.033-$1.038 bln
Company raises FY 2026 adjusted EBITDA guidance to $138-$140 mln
Company expects Q4 2026 revenue of $248-$253 mln and adjusted EBITDA of $32-$34 mln
Result Drivers
GUEST SPEND AND VOLUME - Co said Q3 revenue growth was driven by higher average guest spend, fleet expansion, and increased guest count
PRE-BOOKED REVENUE - Co said increased pre-booked revenues at shipboard health and wellness centers contributed to Q3 growth
RESORT AND PRODUCT REORGANIZATION - Co said resort closures and product business reorganization in UK and Italy offset some maritime revenue gains
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $276.50 mln | $272.35 mln (6 Analysts) |
Q3 Adjusted EPS | Beat | $0.34 | $0.31 (6 Analysts) |
Q3 Adjusted Net Income | Beat | $34.80 mln | $31.77 mln (5 Analysts) |
Q3 Adjusted EBITDA | Beat | $39.20 mln | $37.18 mln (5 Analysts) |
Q3 Operating Income | $30 mln |
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the leisure & recreation peer group is "buy."
Wall Street's median 12-month price target for OneSpaWorld Holdings Ltd is $30.00, about 20.2% above its October 27 closing price of $24.95
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 23 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)