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OneSpaWorld Announces Preliminary Fourth Quarter and Fiscal Year 2023 Revenue and EBITDA in line with Guidance and Introduces Fiscal 2024 Revenue and EBITDA Guidance
Company to Present at the ICR Conference Today, January 8, 2024 NASSAU, Bahamas--(BUSINESS WIRE)-- OneSpaWorld Holdings Limited, (NASDAQ: OSW), the
About this update from Onespaworld Holdings Limited
[{"type":"text","content":"\nCompany to Present at the ICR Conference Today, January 8, 2024\n\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 revenue and EBITDA expectations for Fiscal Year 2023 and introducing select Fiscal Year 2024 guidance. The Company is providing this update ahead of investor meetings and its fireside chat presentation at the 26th Annual ICR Conference.\n\n\nLeonard Fluxman, Executive Chairman, Chief Executive Officer and President of OneSpaWorld, commented: “We had a strong finish to the year, including a great performance during the holiday season, and are pleased to reaffirm our guidance even as we navigated disruption from turmoil in the Middle East and an unscheduled drydock of a large cruise ship in the fourth quarter. Overall, fiscal 2023 represented an outstanding year for OneSpaWorld, as demonstrated by our preliminary expectations to deliver revenue and EBITDA growth of 45% and 73%, respectively, from fiscal 2022. Indeed, the superior execution of our strategy, the strength of our innovation and the dedication and commitment of our staff have contributed to another successful year at OneSpaWorld. With robust consumer demand and a proven strategy, we are confident in our ability to continue our favorable momentum in fiscal 2024, which is reflected in our positive outlook.”\n\n\nOn a Preliminary Basis, for the Fourth Quarter (13-weeks ended December 31, 2023), the Company expects:\n\n\n\nTotal revenues in the range of $193 million to $198 million, an increase of 16% from $168.9 million in the fiscal 2022 fourth quarter at the mid-point of the preliminary range; and\n\n\n\nEBITDA in the range of $20.0 million to $23.0 million, representing an increase of 4% at the mid-point of the range from 2022 EBITDA of $20.7 million.\n\n\n\nFiscal Year 2023 (52-weeks ended December 31, 2023), the Company expects:\n\n\n\nTotal revenues in the range of $792 million to $797 million, an increase of 45% at the mid-point of the range from fiscal 2022 revenues of $546.3 million; and\n\n\n\nEBITDA in the range of $86.0 million to $89.0 million, an increase of 74% at the mid-point of the range from EBITDA or $50.4 million in the 2022 fisc...