Xponential Fitness reports Q3 revenue beat, raises guidance
Investing.com
Published Nov 10, 2022 05:09PM ET
Updated Nov 10, 2022 05:32PM ET
Xponential Fitness reports Q3 revenue beat, raises guidance
By Davit Kirakosyan
Xponential Fitness Inc (NYSE:XPOF) reported its Q3 results, with revenue of $63.8 million (up 56% year-over-year) coming in better than the consensus estimate of $54.49M. EPS was $0.10, compared to the consensus estimate of $0.13.
North America system-wide sales grew 37% year-over-year to $264.8M. North America same-store sales growth was 17%.
“Nine quarters of consistent growth in our run-rate AUVs is a strong reminder that the workouts our franchisees provide across a diverse portfolio of brands remain an integral part of our members’ lives, irrespective of macroeconomic challenges,” said Anthony Geisler, CEO of Xponential Fitness, Inc.
The company raised its Q4 outlook, expecting revenue to be in the range of $235-240M, compared to the consensus estimate of $223.82M. Adjusted EBITDA is now expected in the range of $70.0-$74.0M.
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