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Mar 31, 2022
Xponential Fitness Q1 2022 Earnings Report
Xponential Fitness's first quarter of 2022 showed significant growth. Revenue increased by 73%, and North America system-wide sales grew by 70%. The company sold 260 franchise licenses and opened 99 new studios.
Key Takeaways
Xponential Fitness reported a strong first quarter in 2022, marked by substantial revenue growth and expansion in North America system-wide sales. The company opened new studios and sold numerous franchise licenses, while also reaffirming its full-year outlook for continued growth.
Revenue grew by 73% to $50.4 million compared to Q1 2021.
North America system-wide sales increased by 70% to $224.5 million.
North America same store sales grew by 47%, compared to a decline of 24% in Q1 2021.
North America quarterly run-rate average unit volume (AUV) reached $450,000, compared to $303,000 in Q1 2021.
Xponential Fitness
Xponential Fitness
Xponential Fitness Revenue by Segment
Revenue by Segment
Franchise Revenue
CapyFin.comEquipment Revenue
CapyFin.comMerchandise Revenue
CapyFin.comFranchise Marketing Fund Revenue
CapyFin.comOther Service Revenue
CapyFin.com Forward Guidance
The company is reiterating its full-year 2022 outlook.
Positive Outlook
- New studio openings in the range of 500 to 520, or an increase of 81% at the midpoint as compared to full year 2021
- North America system-wide sales 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 in the range of $201.0 million to $211.0 million, or an increase of 33% at the midpoint as compared to full year 2021
- Adjusted EBITDA in the range of $67.0 million to $71.0 million, or an increase of 153% at the midpoint as compared to full year 2021
- Tax rate in mid-to-high single digits
Revenue & Expenses
Visualization of income flow from segment revenue to net income