NYSE$XPOF
Xponential Fitness Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Xponential Fitness reported a strong Q3 2022 with significant revenue growth and increased North America system-wide sales.
Xponential Fitness, Inc. announced its Q3 2022 financial results, highlighting a 56% increase in revenue to $63.8 million and a 37% increase in North America system-wide sales to $264.8 million compared to Q3 2021. The company reported a net loss of $13.1 million, or a loss of $1.53 per basic share, but also posted adjusted net income of $8.0 million, or $0.10 per basic share. Adjusted EBITDA increased to $20.0 million, up from $6.8 million in the prior-year period. The company raised its full-year 2022 guidance for revenue and Adjusted EBITDA.
- Revenue grew by 56% to $63.8 million compared to Q3 2021.
- North America system-wide sales increased by 37% to $264.8 million compared to Q3 2021.
- North America same store sales grew by 17%.
- Adjusted EBITDA increased to $20.0 million, up from $6.8 million in the prior-year period.
Headline financials
Revenue & EPS history
Xponential Fitness · Revenue · Quarterly
$3.1M
Revenue by segment
Xponential Fitness · $63.8M total across 5 segments · Q3 2022
- Franchise Revenue$30M—47.1%
- Equipment Revenue$11.8M—18.5%
- Other Service Revenue$10.6M—16.5%
- Merchandise Revenue$6.26M—9.8%
- Franchise Marketing Fund Revenue$5.17M—8.1%
Forward guidance
Xponential Fitness increased 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 $235.0 million to $240.0 million, or an increase of 53% at the midpoint as compared to full year 2021
- Adjusted EBITDA is now anticipated to be $70.0 million to $74.0 million, or an increase of 164% at the midpoint compared to full year 2021
- Tax rate in mid-to-high single digits
Headwinds
- Share count of approximately 25.3 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 our business and franchisees
- Difficulties and challenges in opening studios by franchisees
- The 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 17 quarterly earnings reports · overlaid with Q3 2022
-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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