NYSE$XPOF
Xponential Fitness Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Xponential Fitness reported a 40% increase in revenue and a 42% increase in North America system-wide sales compared to Q1 2022.
Xponential Fitness, Inc. announced its financial results for the first quarter ended March 31, 2023, revealing a 40% increase in revenue to $70.7 million and a 42% increase in North America system-wide sales to $317.8 million compared to the same period last year. The company raised its full-year 2023 outlook for North America system-wide sales, revenue, and Adjusted EBITDA.
- Revenue grew by 40% to $70.7 million compared to Q1 2022.
- North America system-wide sales increased by 42% to $317.8 million compared to Q1 2022.
- North America same store sales grew by 20%, compared to 47% in Q1 2022.
- North America quarterly run-rate average unit volume (AUV) was $542,000, compared to $450,000.
Headline financials
Revenue & EPS history
Xponential Fitness · Revenue · Quarterly
$2.98M
Revenue by segment
Xponential Fitness · $70.7M total across 5 segments · Q1 2023
- Franchise Revenue$33M+29.3%46.6%
- Equipment Revenue$13.1M+68.3%18.5%
- Other Service Revenue$11.3M+71.4%15.9%
- Merchandise Revenue$7.16M+17.8%10.1%
- Franchise Marketing Fund Revenue$6.21M+40.0%8.8%
Forward guidance
Xponential Fitness is increasing its full-year 2023 guidance for system-wide sales, revenue and Adjusted EBITDA, and re-affirming guidance for net new studio openings.
Tailwinds
- Net 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 $1.37 billion to $1.38 billion, or an increase of 33% at the midpoint as compared to full year 2022.
- Revenue in the range of $290.0 million to $300.0 million, or an increase of 20% at the midpoint as compared to full year 2022.
- Adjusted EBITDA in the range of $102.0 million to $106.0 million, or an increase of 40% at the midpoint as compared to full year 2022.
- Tax rate in the mid-to-high single digits.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q1 2023
-2.5%
Avg return
Earnings day
-0.5%
Avg return
5 days after
+1.7%
Avg return
30 days after
37%
7 / 19 earnings
Positive
+44.3%
Q4 2023
Best reaction
-47.2%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -14.0% | -21.7% | -18.1% | |
| Q4 2025 | -47.2% | -31.3% | -28.6% | |
| Q3 2025 | +1.4% | +1.1% | +12.4% | |
| Q1 2025 | -7.5% | +13.0% | +9.1% | |
| Q4 2024 | -38.4% | -29.4% | -39.4% | |
| Q3 2024 | -3.5% | +0.7% | -2.4% | |
| Q2 2024 | -23.5% | -19.3% | -24.8% | |
| Q1 2024 | +3.8% | -20.8% | -7.0% | |
| Q4 2023 | +44.3% | +38.9% | +69.8% | |
| Q3 2023 | -3.2% | -8.0% | -15.7% | |
| Q2 2023 | -7.3% | -6.0% | +5.3% | |
| Q1 2023 | -8.8% | -11.7% | -20.2% | |
| Q4 2022 | +15.5% | +16.1% | +19.7% | |
| Q3 2022 | +15.2% | +21.9% | +22.1% | |
| Q2 2022 | +19.4% | +26.7% | +23.0% | |
| Q1 2022 | -9.9% | +1.9% | -2.1% | |
| Q4 2021 | -7.1% | -7.8% | +12.5% | |
| Q3 2021 | +24.5% | +22.2% | +16.2% | |
| Q2 2021 | -1.2% | +3.6% | +0.1% | |
| Q4 2020 | — | — | — | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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