Xponential Fitness Q1 revenue up 40% to $70.7M; raises full-year guidance across key metrics

Xponential Fitness, Inc.

2023-Q1 EPS reported -$1.38 revenue$2,980,000

Revenue $70.7M (+40% YoY); North America system-wide sales $317.8M (+42% YoY).
Same-store sales +20% (vs +47% in Q1 2022); net loss $15.0M ($1.38 loss per share) vs $15.2M loss.
Adjusted EBITDA $22.9M vs $14.5M; adjusted net income $1.3M vs adjusted net loss $5.3M.
Raised FY2023 guidance: revenue $290-300M (+20%), system-wide sales $1.37-1.38B (+33%), Adj. EBITDA $102-106M (+40%).
Sold 188 franchise licenses, opened 115 net new studios in Q1; total 5,638 licenses and 2,756 studios operating.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Xponential Fitness, Inc. reported the quarter ended March 31, 2023 results: revenue $70.7 million, net income loss of $15.0 million, EPS loss of $1.38 per share. Guidance raised.

Period: the quarter ended March 31, 2023
Revenue: $70.7 million
Net income: loss of $15.0 million
EPS: loss of $1.38 per share
Guidance: raised
Result: reported results

Exact text from the filing

For the first quarter of 2023, total revenue increased $20.3 million, or 40%, to $70.7 million, up from $50.4 million in the prior year period. This increase included a corresponding North America same store sales increase of 20%. Net loss totaled $15.0 million, or a loss of $1.38 per share, compared to a loss of $15.2 million, or a loss of $1.51 per share, in the prior year period.

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Source: SEC EDGAR

accession 0001193125-23-135906

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