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Xponential Fitness, Inc. (NYSE: XPOF) reported strong Q1 2024 financial results with a 12% revenue growth and 25% increase in North America sales. The company sold 173 franchise licenses, opened 111 new studios, and expects a full-year outlook of 550 new studio openings, $1.710 billion in system-wide sales, 8% revenue growth, and 31% growth in Adjusted EBITDA. Net loss decreased to $4.4 million, with an adjusted net income of $9.1 million and Adjusted EBITDA of $29.8 million. The company has $27.2 million in cash and $331.4 million in total long-term debt as of March 31, 2024. Xponential reaffirmed its 2024 guidance with expectations of gross new studio openings, North America system-wide sales, revenue, and Adjusted EBITDA growth.
