NYSE$XPOF
Xponential Fitness Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Xponential Fitness's Q3 2023 performance was marked by revenue growth, increased North America system-wide sales, and strategic adjustments towards profitability.
Xponential Fitness reported a 26% increase in revenue to $80.4 million and a 35% increase in North America system-wide sales to $356.7 million compared to Q3 2022. The company sold 216 franchise licenses and opened 127 new studios. While the company posted a net loss of $5.2 million, adjusted EBITDA increased by 33% to $26.5 million.
- Revenue grew by 26% to $80.4 million compared to Q3 2022.
- North America system-wide sales increased by 35% to $356.7 million compared to Q3 2022.
- North America same store sales grew by 15% compared to 17% in Q3 2022.
- Adjusted EBITDA increased by 33% to $26.5 million compared to $20.0 million in the prior year period.
Headline financials
Revenue & EPS history
Xponential Fitness · Revenue · Quarterly
$3.35M
Revenue by segment
Xponential Fitness · $80.4M total across 5 segments · Q3 2023
- Franchise Revenue$36.4M+21.4%45.3%
- Other Service Revenue$16M+52.0%19.9%
- Equipment Revenue$12.6M+6.7%15.6%
- Merchandise Revenue$8.46M+35.0%10.5%
- Franchise Marketing Fund Revenue$6.95M+34.3%8.6%
Forward guidance
Xponential Fitness is increasing its full year 2023 guidance for revenue and tightening the top end ranges for new studio openings, system-wide sales and Adjusted EBITDA.
Tailwinds
- New studio openings in the range of 550 to 560, or an increase of 9% at the midpoint as compared to full year 2022.
- North America system-wide sales in the range of $1.390 billion to $1.395 billion, or an increase of 35% at the midpoint as compared to full year 2022.
- Revenue in the range of $305.0 million to $310.0 million, or an increase of 26% at the midpoint as compared to full year 2022.
- Adjusted EBITDA in the range of $104.5 million to $106.5 million, or an increase of 42% 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 Q3 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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