Xponential Fitness Targets To Meet Or Exceed Top-End Of 2022 Outlook

Xponential Fitness Inc XPOF fiscal year 2022 North America total members grew by 32% year-on-year to 590,000 versus 449,000 in 2021.
The company surpassed 2,600 open studios, and increased total licenses sold to over 5,400 across 10 brands globally.
Studio visits grew by 32% year-over-year to 39.2 million versus 29.7 million in 2021.
The company increased North America system-wide sales by 46% y/y to $1.03 billion, and same store sales increased 25%.
Xponential expects to meet or exceed the high end of the previously provided full year 2022 outlook of $235.0 million - $240.0 million, against the estimate of $239.4 million.
The company has entered into a privately negotiated preferred stock repurchase agreement with certain holders of its outstanding convertible preferred stock.
It amended its existing financing arrangement that provides for, among other things, incremental term loans in an aggregate principal amount of $130.0 million.
The company agreed to pay aggregate consideration of $131.0 million in cash in exchange for the repurchase of 85,340 shares of Convertible Preferred Stock.
Also Read: Xponential Fitness Inks Master Franchise Agreement In Japan For Rumble & AKT
Price Action: XPOF shares are trading higher by 2.39% at $25.28 on the last check Monday.
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