Xponential Fitness, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 29, 2024 at 04:11 pm EST
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Xponential Fitness, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 90.2 million compared to USD 71.27 million a year ago. Net loss was USD 5.92 million compared to USD 0.247 million a year ago. Basic earnings per share from continuing operations was USD 0.1 compared to basic loss per share from continuing operations of USD 1.13 a year ago. Diluted loss per share from continuing operations was USD 0.28 compared to USD 1.13 a year ago.
For the full year, revenue was USD 318.66 million compared to USD 244.95 million a year ago. Net loss was USD 0.903 million compared to net income of USD 1.93 million a year ago. Basic earnings per share from continuing operations was USD 1.18 compared to basic loss per share from continuing operations of USD 0.87 a year ago. Diluted loss per share from continuing operations was USD 0.44 compared to USD 0.87 a year ago.
Xponential Fitness, Inc. is the global franchisor of boutique fitness brands. The Company operates a diversified platform of ten brands spanning across verticals, including pilates, indoor cycling, barre, stretching, rowing, dancing, boxing, running, functional training and yoga. The Company's portfolio of brands includes Club Pilates, a Pilates brand in the United States; CycleBar, the indoor cycling brand in the United States; StretchLab, a concept offering one-on-one and group stretching services; Row House, the franchised indoor rowing brand in the United States; AKT, a dance-based cardio workout combining toning, interval and circuit training; YogaSix, a yoga brand in the United States; Pure Barre, a total body workout that uses the ballet barre to perform small isometric movements; BFT, a functional training and strength-based program; Rumble, a boxing-inspired full-body workout, and Lindora, a provider of medically guided wellness and metabolic health solutions.