Xponential Fitness, Inc. (XPOF) Misses Q4 EPS by 9c ; Offers Guidance
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Xponential Fitness, Inc. (XPOF) surges on strong Q4 revenue beat
March 1, 2024 12:56 PM ESTShares of Xponential Fitness, Inc. (NYSE: XPOF) jumped 43.15% following the company's announcement of a significant revenue beat for the fourth quarter of 2023 and an optimistic outlook for 2024. The fitness franchise reported a 27% increase in fourth-quarter revenue to $90.2 million, surpassing the analyst consensus of $81.71 million.
The company's growth trajectory continued with North America system-wide sales climbing by 31% to $384.6 million. Despite posting a net loss of $9.1 million, or $0.10 per basic share, the adjusted net income stood at $4.2 million, or $0.05 per basic share, which is a decline from the previous year's $6.8 million, or $0.07 per... More
