Business
OneSpaWorld Announces Preliminary Fiscal 2022 Results and Introduces Fiscal 2023 Guidance
Expects Fourth Quarter FY 2022: Revenue of $165.2 Million, Growth of 18.5% from FY 2019 Fourth Quarter at Mid-Point of Preliminary Range Expects Fourth
About this update from Onespaworld Holdings Limited
[{"type":"text","content":"\nExpects Fourth Quarter FY 2022:\n\n\nRevenue of $165.2 Million, Growth of 18.5% from FY 2019 Fourth Quarter at Mid-Point of Preliminary Range\n\n\nExpects Fourth Quarter FY 2022 EBITDA of $15.8 million, Growth of 26.4% from FY 2019 Fourth Quarter at Mid-Point of Preliminary Range\n\n\nExpects FY 2023 Revenue and EBITDA to Increase 23.5% and 47.3%, respectively from FY 2022 Preliminary Results at Mid-Point of Guidance Range\n\nCompany to Present at the ICR Conference Today, January 9, 2023\n\n NASSAU, Bahamas--(BUSINESS WIRE)--\nOneSpaWorld Holdings Limited, (NASDAQ: OSW), the pre-eminent global provider of health and wellness products and services on board cruise ships and in destination resorts around the world, today is providing preliminary expectations for Fiscal Year 2022 and introducing select Fiscal Year 2023 guidance. The Company is providing this update ahead of investor meetings and its fireside chat presentation at the 25th Annual ICR Conference.\n\nLeonard Fluxman, Executive Chairman, Chief Executive Officer and President of OneSpaWorld, commented: “We capped off the year strong building upon the positive momentum we experienced in our business throughout 2021, reflecting the outstanding execution of our post-pandemic return to service, and our initiatives that drove higher sales productivity through elevated and expanded offerings and guest experiences. Even as ships continue to return to service and capacity levels remain below historical levels, we expect fourth quarter 2022 revenues to nearly double from fourth quarter 2021 and increase 18.5% from the 2019 fourth quarter at our guidance mid-point. I continue to be proud of the dedication and commitment of our team that has led to our strong performance during an unprecedented time. We believe our preeminent position as the leader in the operation of health and wellness centers onboard cruise ships; the predictability of our revenue and cash flow generation; and the strength with which we execute has us well positioned, even in an uncertain environment to deliver another year of outstanding performance in fiscal 2023. I continue to believe the best years lie ahead for OneSpaWorld and its shareholders.”\n\nOn a Preliminary Basis, for the Fourth Quarter (13-weeks ended December 31, 2022) The Company expects:\n\n\nTotal revenues in the range of $162.7 million to $1...