Why OneSpaWorld Stock Is Up Today

OneSpaWorld stock surged 12.5% after the health and wellness center operator raised its dividend by 25% and announced a $100 million stock buyback program. The company reported Q3 revenue growth of 7% to $276.5 million and adjusted net income growth of 13% to $34.8 million, beating Wall Street estimates. Management raised full-year guidance, projecting revenue growth of roughly 10% to over $1 billion and EBITDA growth of 13% to about $139 million.