secwatch.observer — SEC 8-K summary
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Issuer:     Xponential Fitness, Inc. (XPOF)
CIK:        0001802156
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001193125-24-191517
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Xponential Fitness lowers FY2024 outlook; Q2 revenue flat, net loss of $13.7M
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- Revenue $76.5M (-1% YoY); net loss of $13.7M vs net income of $27.5M in Q2 2023.
- Adjusted EBITDA $25.4M vs $25.3M; adjusted net income $0.7M, or loss $0.03 per basic share.
- Reduced FY2024 guidance: studio openings 500-520 (prev 540-560), revenue $310-320M (prev $340-350M), Adj. EBITDA $120-124M (prev $136-140M).
- Same store sales growth slowed to 7% from 15% YoY; total members up 17% to 801,000.
- Impairment of goodwill and assets of $12.1M, primarily related to CycleBar brand.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1802156/000119312524191517/0001193125-24-191517-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1802156/000119312524191517/d831956d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-191517

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer