Xponential Fitness, Inc. Sees FY23 Revenue $305M Vs $303.76M Est.; Adj. EBITDA Of $106.5M
Portfolio Pulse from Benzinga Newsdesk
Xponential Fitness, Inc. has reiterated its confidence in achieving the high end of its previously announced guidance for fiscal year 2023, with revenue of $305 million and Adjusted EBITDA of $106.5 million. The company has seen an increase in AUVs and system-wide sales, and expects growth brands such as BFT & Rumble to contribute more to its performance from 2024 to 2026. Xponential Fitness is also planning to acquire another growth brand this year, focusing on a business that can be scaled.
September 26, 2023 | 12:49 pm
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Xponential Fitness, Inc. is confident in achieving its FY23 revenue and EBITDA targets. The company's strong performance and plans for acquisition could potentially boost its stock price.
The company's confidence in achieving its FY23 targets, strong performance, and plans for acquisition indicate a positive outlook, which could potentially attract investors and boost its stock price.
CONFIDENCE 90
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RELEVANCE 100