OneSpaWorld Q4 Preliminary Revenue Increases, Premarket Stock Down

(RTTNews) - OneSpaWorld Holdings Ltd. (OSW) Monday announced an increase in the preliminary fourth quarter and the full year revenue.

Currently, in the pre-market, shares are down more than 4 percent.

For the fourth quarter or the 13-week period, the company expects preliminary revenue to a range of $211 to $216 million, while its previous guidance was in a range of $210 to $215 million.

The adjusted EBITDA is expected to be $25.5 to $27.5 million, up from the prior guidance range of $25 to $27 million.

For the fiscal year 2024 on a preliminary basis, the company expects total revenue to range between $889 million to $894 million, up from $888 million to $893 million.

For the Fiscal year 2025, The company expects total revenue in a range of $950 to $970 million. The adjusted EBITDA is expected to be between $115 to $125 million.