NYSE$XPOF
Xponential Fitness Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Xponential Fitness's Q2 2021 financial performance showcased strong revenue growth and system-wide sales, driven by franchise license sales and same-store sales growth, although the company reported a net loss.
Xponential Fitness reported a 67% increase in revenue to $35.8 million, a net loss of $8.0 million, and adjusted EBITDA of $8.3 million. The company sold 197 North American franchise licenses and opened 59 new studios. System-wide sales increased by 179% to $171.6 million, with same-store sales growth of 129%.
- Revenue grew by 67% year-over-year to $35.8 million.
- System-wide sales increased by 179% year-over-year to $171.6 million.
- System-wide same-store sales grew by 129%.
- 197 North American franchise licenses were sold, compared to 46 in Q2 2020.
Headline financials
Revenue & EPS history
Xponential Fitness · Revenue · Quarterly
$35.8M
Revenue by segment
Xponential Fitness · $35.8M total across 5 segments · Q2 2021
- Franchise Revenue$17.8M—49.7%
- Other Service Revenue$5.43M—15.2%
- Equipment Revenue$4.76M—13.3%
- Merchandise Revenue$4.51M—12.6%
- Franchise Marketing Fund Revenue$3.31M—9.3%
Forward guidance
Xponential Fitness initiated its outlook for the full fiscal year ending December 31, 2021, anticipating studio openings in the range of 215 to 235, North America system-wide sales in the range of $690 million to $700 million, revenue in the range of $135.5 million to $137.0 million, and Adjusted EBITDA in the range of $22.0 million to $23.0 million.
Tailwinds
- Studio openings in the range of 215 to 235.
- North America system-wide sales in the range of $690 million to $700 million, representing a 57% increase at the midpoint compared to full year 2020.
- Revenue in the range of $135.5 million to $137.0 million, representing a 28% increase at the midpoint compared to full year 2020.
- Adjusted EBITDA in the range of $22.0 million to $23.0 million, representing a 129% increase at the midpoint compared to full year 2020.
- Tax rate of approximately 5%.
Headwinds
- Further restrictions enforced as a result of the pandemic, such as government-mandated studio closures, could have a material negative impact on the Company’s business and financial performance.
- Share count of 22.6 million for EPS calculation, which includes the 904,000 additional shares issued in August 2021 following a partial exercise by underwriters of their option to purchase additional shares related to the IPO.
- $3.25 million in quarterly dividends paid as related to the $200 million Preferred Convertible note.
- Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from those contained in the forward-looking statements.
- The company cannot guarantee future results, level of activity, performance, or achievements.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports
-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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro