earnings
confidence high
sentiment negative
materiality 0.70
Xponential Fitness Q3 net loss $18M; same store sales growth slows to 5%
Xponential Fitness, Inc.
2024-Q3 EPS reported
-$0.88
revenue$10,361,000
- Revenue flat at $80.5M; net loss $18.0M ($0.29 loss per share) vs net loss $5.2M ($0.91 EPS) in Q3 2023.
- System-wide sales $431.2M (+21% YoY); same store sales growth 5% vs 15% prior year.
- Adjusted EBITDA $31.0M (+17% YoY); lowered 2024 studio opening guidance to 490-510 from 500-520.
- Litigation expenses increased $8.9M; acquisition expenses $5.6M including non-cash contingent consideration from Rumble.
- CEO Mark King emphasized shift to marketing- and franchisee-focused culture.