Xponential Fitness, Inc. (NYSE: XPOF) reported Q2 EPS of ($0.03), $0.25 worse than the analyst estimate of $0.22. Revenue for the quarter came in at $76.5 million versus the consensus estimate of $83.62 million.

GUIDANCE:

Xponential Fitness, Inc. sees FY2024 revenue of $310-320 million, versus the consensus of $346.6 million.

Gross new studio openings in the range of 500 to 520, or a decrease of 8% at the midpoint compared to full year 2023 gross new openings; this compares to previous guidance of 540 to 560;
North America system-wide sales in the range of $1.705 billion to $1.715 billion, or an increase of 22% at the midpoint compared to full year 2023; unchanged from previous guidance.
Adjusted EBITDA in the range of $120.0 million to $124.0 million, or an increase of 16% at the midpoint compared to full year 2023; this compares to previous guidance of $136.0 million to $140.0 million.

For earnings history and earnings-related data on Xponential Fitness, Inc. (XPOF) click here.