Xponential Fitness Cuts FY24 Revenue Forecast From $340M - $350M To $310M - $320M, Est $346.623M
Portfolio Pulse from Benzinga Newsdesk
Xponential Fitness has revised its full-year 2024 revenue forecast downwards from $340M-$350M to $310M-$320M, below the estimated $346.623M. The company also adjusted its guidance for new studio openings and adjusted EBITDA.
August 01, 2024 | 9:24 pm
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Xponential Fitness has lowered its FY24 revenue forecast to $310M-$320M, below the estimated $346.623M. The company also reduced its guidance for new studio openings and adjusted EBITDA.
The downward revision of the revenue forecast and adjusted EBITDA is likely to negatively impact investor sentiment and the stock price in the short term. The reduction in new studio openings also indicates potential growth challenges.
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