Why OneSpaWorld (OSW) Shares Are Gaining Today - OneSpaWorld Holdings (NASDAQ:OSW)

OneSpaWorld Holdings Ltd OSW expects fourth-quarter FY22 revenue of $162.7 million - $167.7 million, above the consensus of $149.59 million.
The $165.2 million mid-point of the preliminary range represents an increase of 92.8% from $85.7 million in 4Q21 and an increase of 18.5% from $139.4 million in 4Q19.
The company sees Q4 EBITDA of $14.3 million - $17.3 million, more than double the 4Q21 EBITDA of $4.8 million and an increase of 26.4% from $12.5 million in 4Q19 at the mid-point of the preliminary range.
For FY22, the company expects sales of $540 million - $545 million, above the consensus of $521.09 million. It sees EBITDA of $44.0 million - $47 million.
For FY23, OneSpaWorld expects FY23 revenue of $660.0 million - $680.0 million versus the $661.99 million estimate. It sees FY23 EBITDA of $64 million - $70 million.
"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,” said CEO Leonard Fluxman.
Also Read: Spa At Sea? OneSpaWorld Inks Exclusive Deal With Norwegian Cruise Line
Price Action: OSW shares are trading higher by 7.24% at $9.78 on the last check Monday.
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OneSpaWorld Gains On Upbeat Outlook