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Mar 31, 2024
Xponential Fitness Q1 2024 Earnings Report
Xponential Fitness reported strong Q1 2024 results with revenue growth and increased North America system-wide sales.
Key Takeaways
Xponential Fitness, Inc. announced its financial results for the first quarter ended March 31, 2024, reporting a 12% increase in revenue to $79.5 million and a 25% increase in North America system-wide sales to $401.1 million compared to Q1 2023. The company reaffirmed its full-year 2024 guidance, including 550 new studio openings and $1.710 billion in system-wide sales.
Revenue grew by 12% to $79.5 million compared to Q1 2023.
North America system-wide sales increased by 25% to $401.1 million compared to Q1 2023.
North America same store sales grew by 9% compared to 19% in the prior year.
The company sold 173 franchise licenses and opened 111 new studios in Q1 2024.
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 re-affirming its full-year 2024 guidance.
Positive Outlook
- Gross new studio openings in the range of 540 to 560.
- North America system-wide sales in the range of $1.705 billion to $1.715 billion.
- Revenue in the range of $340.0 million to $350.0 million, or an increase of 8% at the midpoint.
- Adjusted EBITDA in the range of $136.0 million to $140.0 million, or an increase of 31% at the midpoint.
- Tax rate in the mid-to-high single digits.
Revenue & Expenses
Visualization of income flow from segment revenue to net income