Xponential Fitness ends 2021 with membership up by nearly half

xponential-fitness-ends-2021-with-membership-up-by-nearly-half

Xponential Fitness Inc. XPOF, -2.06% said Tuesday that it expects 2021 revenue in the range of $147.0 million to $148.5 million and new studios in the range of 230 to 250. The FactSet consensus is for revenue of $148.1 million and 241.5 new studios. For the full year ending Dec. 31, 2021, the company surpassed 2,100 open studios; reached 449,000 members, up 49% from the previous year; and grew same-store sales by 41%. “[W]e expect to meet or exceed the high end of our full year 2021 outlook,” said Xponential Chief Executive Anthony Geisler in a statement. Xponential’s portfolio of chains includes Club Pilates, CycleBar and StretchLab. This business update comes ahead of the company’s presentation at the Jefferies Virtual Winter Restaurant, Foodservice, Gaming, Lodging and Leisure Summit on January 24. Xponential went public in July 2021. The stock slipped 0.9% in early Tuesday trading, but has run up 20.7% over the past three months. The S&P 500 index SPX, -0.49% is up nearly 7% over the past three months.

Source: Marketwatch

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