F45 Training Holdings Inc. (FXLV) Misses Q1 EPS by 11c; Raises FY Net New Franchises Sold Guidance
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F45 Reports First Quarter Fiscal 2022 Results
May 16, 2022 4:05 PM EDTAUSTIN, Texas--(BUSINESS WIRE)-- F45 Training Holdings Inc. (NYSE: FXLV) (F45 or the Company), the fastest growing fitness franchisor in the world according to Entrepreneur, today announced financial results for the fiscal first quarter ended March 31, 2022.
We delivered total revenue of over $50 million and Adjusted EBITDA of nearly $18 million for the first quarter, which were above expectations. In addition, we sold 706 new full fee-paying franchises during the quarter, which will provide a bridge to 1,500 new franchises sold for the full year (up from 1,000). In addition, we are reaffirming full-year guidance for 1,000... More
