other
confidence high
sentiment positive
materiality 0.65
Xponential Fitness reaffirms FY2023 guidance; same-store sales up ~15% in Q3; plans new acquisition this year
Xponential Fitness, Inc.
- Reiterated FY2023 guidance: Revenue $305M, Adj EBITDA $106.5M; confident in achieving high end.
- Q3 same-store sales tracking mid-teens YoY (~15%); system-wide sales up ~30% vs prior year.
- Notes no trade-down in memberships, low cancellation trends; foot traffic and class demand strong.
- Intends to acquire another growth brand this year, focusing on scalable health/wellness business; no new debt for M&A.
- Growth brands BFT & Rumble expected to increasingly contribute from 2024-2026.