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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.
Revenue by Segment
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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