Stock Market News

Xponential Fitness Falls After Posting Q1 Loss

2022.05.13 20:26

Xponential Fitness Falls After Posting Q1 Loss

By Sam Boughedda

Investing.com — Fitness company Xponential Fitness (NYSE:XPOF) is down over 8% after posting a loss when it reported its first-quarter results aftermarket Thursday.

The company, which owns brands such as Club Pilates and CycleBar, posted a loss of $0.19 per share. Analysts polled by Investing.com expected the company to report a profit per share of $0.11.

The company said the loss resulted from $14 million of higher overall profitability, offset by a $9.4 million increase in non-cash contingent consideration primarily related to its acquisition of Rumble. The company said that there was also a $15 million increase in a non-cash equity-based compensation expense.

However, the company reported revenue of $50.36 million, beating the $45.23 million expected. 

Xponential sold 260 franchise licenses and opened 99 new studios in the first quarter. 

“On the heels of a very strong fourth quarter, Xponential Fitness entered 2022 with great momentum,” said Anthony Geisler, CEO of Xponential Fitness.

“In the first quarter, we opened 99 new studios, bringing our total studio count to 2,229 studios worldwide. In addition, our North America actively paying members and visitation rates each grew 17% in the first quarter of 2022 versus the fourth quarter of 2021,” Geisler added.

The company reiterated full-year 2022 guidance, expecting revenue in the range of $201 million to $211 million.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 83,899.48 0.07%
ethereum
Ethereum (ETH) $ 1,909.28 0.83%
tether
Tether (USDT) $ 1.00 0.00%
xrp
XRP (XRP) $ 2.35 2.41%
bnb
BNB (BNB) $ 602.42 0.94%
solana
Solana (SOL) $ 133.44 0.03%
usd-coin
USDC (USDC) $ 1.00 0.00%
cardano
Cardano (ADA) $ 0.727584 1.70%
dogecoin
Dogecoin (DOGE) $ 0.172059 1.16%
tron
TRON (TRX) $ 0.217722 1.45%
staked-ether
Lido Staked Ether (STETH) $ 1,907.10 0.83%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 83,791.45 0.08%
pi-network
Pi Network (PI) $ 1.49 3.09%
leo-token
LEO Token (LEO) $ 9.74 1.79%
chainlink
Chainlink (LINK) $ 13.98 0.40%
the-open-network
Toncoin (TON) $ 3.41 16.48%
stellar
Stellar (XLM) $ 0.27019 1.27%
usds
USDS (USDS) $ 1.00 0.00%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,285.43 0.96%
hedera-hashgraph
Hedera (HBAR) $ 0.189155 2.09%
avalanche-2
Avalanche (AVAX) $ 19.07 2.92%
shiba-inu
Shiba Inu (SHIB) $ 0.000013 1.25%
sui
Sui (SUI) $ 2.31 1.65%
litecoin
Litecoin (LTC) $ 91.33 2.00%
bitcoin-cash
Bitcoin Cash (BCH) $ 333.92 4.23%
mantra-dao
MANTRA (OM) $ 6.62 1.34%
polkadot
Polkadot (DOT) $ 4.27 0.82%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.02%
bitget-token
Bitget Token (BGB) $ 4.48 1.88%
weth
WETH (WETH) $ 1,910.80 0.70%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999411 0.10%
hyperliquid
Hyperliquid (HYPE) $ 13.56 5.68%
whitebit
WhiteBIT Coin (WBT) $ 28.81 1.28%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,031.89 0.43%
monero
Monero (XMR) $ 213.18 0.69%
uniswap
Uniswap (UNI) $ 6.19 1.07%
susds
sUSDS (SUSDS) $ 1.04 0.00%
dai
Dai (DAI) $ 0.999785 0.01%
aptos
Aptos (APT) $ 5.26 1.65%
near
NEAR Protocol (NEAR) $ 2.62 0.73%
pepe
Pepe (PEPE) $ 0.000007 1.11%
okb
OKB (OKB) $ 46.36 1.05%
internet-computer
Internet Computer (ICP) $ 5.74 0.51%
ondo-finance
Ondo (ONDO) $ 0.856273 1.22%
ethereum-classic
Ethereum Classic (ETC) $ 17.71 1.28%
mantle
Mantle (MNT) $ 0.791912 7.67%
gatechain-token
Gate (GT) $ 21.57 0.99%
aave
Aave (AAVE) $ 171.06 1.68%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 83,891.48 0.08%
tokenize-xchange
Tokenize Xchange (TKX) $ 29.93 6.70%