2023-08-04 07:26:32 ET
- Xponential Fitness press release ( NYSE: XPOF ): Q2 Non-GAAP EPS of $0.05.
- Revenue of $77.3M (+29.8% Y/Y).
- Sold 234 franchise licenses and opened 144 new studios in Q2 2023
- Sold 5,872 total franchise licenses and had 2,892 total studios operating as of Q2 2023
- Increased North America system-wide sales by 37% to $341.3 million.
- Reported North America same store sales growth of 15%, compared to growth of 25% in Q2 of 2022.
- Reported North America quarterly run-rate average unit volume (AUV) of $561,000, compared to $480,000.
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Xponential is increasing full-year 2023 guidance for system-wide sales, revenue, and Adjusted EBITDA, and re-affirming guidance for new studio openings as follows:
- New studio openings in the range of 540 to 560, or an increase of 8% at the midpoint as compared to full year 2022;
- North America system-wide sales in the range of $1.385 billion to $1.395 billion, or an increase of 35% at the midpoint as compared to full year 2022; this compares to previous guidance of $1.370 billion to $1.380 billion;
- Revenue in the range of $295.0 million to $305.0 million, or an increase of 22% at the midpoint as compared to full year 2022; this compares to previous guidance of $290.0 million to $300.0 million; and
- Adjusted EBITDA in the range of $102.5 million to $106.5 million, or an increase of 41% at the midpoint as compared to full year 2022; this compares to previous guidance of $102.0 million to $106.0 million.
For further details see:
Xponential Fitness Non-GAAP EPS of $0.05, revenue of $77.3M