NYSE$XPOF
Xponential Fitness Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Xponential Fitness reported a strong second quarter, marked by significant revenue growth, increased system-wide sales, and positive same-store sales growth.
Xponential Fitness, Inc. announced its Q2 2022 financial results, revealing a 66% increase in revenue to $59.6 million compared to Q2 2021. North America system-wide sales grew by 45% to $249.8 million, and same-store sales increased by 25%. The company's net income was $31.5 million, or $3.28 per share, compared to a net loss of $8.0 million in the prior-year period. Xponential Fitness also raised its full-year 2022 guidance for revenue and Adjusted EBITDA.
- Revenue grew by 66% to $59.6 million compared to Q2 2021.
- North America system-wide sales increased by 45% to $249.8 million.
- North America same-store sales grew by 25%.
- Net income was $31.5 million, or $3.28 per share, compared to a net loss of $8.0 million in the prior-year period.
Headline financials
Revenue & EPS history
Xponential Fitness · Revenue · Quarterly
$2.58M
Revenue by segment
Xponential Fitness · $59.6M total across 5 segments · Q2 2022
- Franchise Revenue$27.6M+55.5%46.4%
- Equipment Revenue$12.4M+160.4%20.8%
- Other Service Revenue$7.87M+44.8%13.2%
- Merchandise Revenue$6.75M+49.8%11.3%
- Franchise Marketing Fund Revenue$4.94M+49.0%8.3%
Forward guidance
Xponential Fitness is increasing its full-year 2022 guidance for revenue and Adjusted EBITDA, and re-affirming guidance for studio openings and system-wide sales in North America.
Tailwinds
- New studio openings to remain in the range of 500 to 520, or an increase of 53% at the midpoint as compared to full year 2021.
- North America system-wide sales to remain in the range of $995.0 million to $1.005 billion, or an increase of 41% at the midpoint as compared to full year 2021.
- Revenue is now anticipated to be $211.0 million to $221.0 million, or an increase of 39% at the midpoint as compared to full year 2021.
- Adjusted EBITDA is now anticipated to be $68.0 million to $72.0 million, or an increase of 156% at the midpoint compared to full year 2021.
- Tax rate in mid-to-high single digits.
Headwinds
- Share count of approximately 25.7 million shares of Class A Common Stock for the GAAP EPS and Adjusted EPS calculations.
- $3.25 million in quarterly cash dividends paid related to the $200 million Convertible Preferred Stock.
- Impact of the COVID-19 pandemic on the business and franchisees.
- Difficulties and challenges in opening studios by franchisees.
- Ability of franchisees to generate sufficient revenues.
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 Q2 2022
-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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