NYSE$XPOF
Xponential Fitness Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Xponential Fitness reported a 30% increase in revenue and a 37% increase in North America system-wide sales compared to Q2 2022. The company sold 234 franchise licenses and opened 144 new studios. A $50 million share buyback program was announced and full-year 2023 guidance was raised.
Xponential Fitness, Inc. announced strong financial results for the second quarter ended June 30, 2023, with a 30% increase in revenue to $77.3 million and a 37% increase in North America system-wide sales to $341.3 million compared to the prior year. The company reported a net income of $27.5 million, or $1.44 per basic share, and an adjusted net income of $4.2 million, or $0.05 per basic share. Additionally, the company announced a $50 million share buyback program and raised its full-year 2023 guidance.
- Revenue grew by 30% to $77.3 million compared to Q2 2022.
- North America system-wide sales increased by 37% to $341.3 million compared to Q2 2022.
- North America same store sales grew by 15% compared to growth of 25% in Q2 2022.
- Net income was reported at $27.5 million, or $1.44 per basic share.
Headline financials
Revenue & EPS history
Xponential Fitness · Revenue · Quarterly
$4.01M
Revenue by segment
Xponential Fitness · $77.3M total across 5 segments · Q2 2023
- Franchise Revenue$35.1M+27.2%45.4%
- Equipment Revenue$14.4M+16.5%18.7%
- Other Service Revenue$12.8M+62.2%16.5%
- Merchandise Revenue$8.4M+24.4%10.9%
- Franchise Marketing Fund Revenue$6.62M+34.0%8.6%
Forward guidance
Xponential is increasing full-year 2023 guidance for system-wide sales, revenue, and Adjusted EBITDA, and re-affirming guidance for new studio openings.
Tailwinds
- 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
- 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
- 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
- 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 17 quarterly earnings reports · overlaid with Q2 2023
-2.5%
Avg return
Earnings day
-0.5%
Avg return
5 days after
+2.8%
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 | -14.4% | -22.0% | — | |
| 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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