OneSpaWorld Holdings Ltd (OSW)

OneSpaWorld topped EPS expectations while revenue came in line, as the company’s second fiscal quarter of 2026 (reported July 29, 2026) leaned on higher Service revenue to offset a small decline in Product. Revenue rose 8.5% to about $261.2 million (up from $240.7 million a year ago), with Service generating roughly $214.4 million, up 10.9% year over year, while Product contributed about $46.8 million, down 1.1%. Adjusted EPS of $0.29 topped the $0.28 estimate (+3%) and increased from $0.25 a year ago, while revenue of $261.2 million was in line with the $260.9 million consensus (+0.1%). Profitability showed gross margin near 16% and operating margin around 9%, alongside roughly $23.2 million of net income, up 16.4% from $19.9 million a year ago, and operating income of about $24.5 million. The quarter generated about $33.3 million in operating cash flow, and the company paid roughly $5.1 million in dividends. Next-period consensus calls for EPS of $0.32 on revenue of $272.3 million.