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Xponential Climbs After Q2 Beat

Announces $50M Share Buyback

Shares of Xponential Fitness Inc. (NYSE: XPOF) rose 7.9% in late trading after reporting second-quarter results.

The chain of fitness studios said second-quarter revenue climbed 30% to $77.3 million, topping the $72 million expected on average by analysts. It also raised the 2023 sales forecast to $295 million to $305 million, up $5 million from its prior forecast. Analysts on average expect $300 million.

The company, which saw its shares fall 37% to $15.72 each on June 27 after a report from a short trader, also announced a $50 million share buyback program.  After the release, the shares climbed to $22.25.

“The company continues to execute on our strategic growth drivers,” Chief Executive Anthony Geisler said in a statement.

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Peter J. Brennan
Peter J. Brennan
With four decades of experience in journalism, Peter J. Brennan has built a career that spans diverse news topics and global coverage. From reporting on wars, narcotics trafficking, and natural disasters to analyzing business and financial markets, Peter’s work reflects a commitment to impactful storytelling. Peter’s association with the Orange County Business Journal began in 1997, where he worked until 2000 before moving to Bloomberg News. During his 15 years at Bloomberg, his reporting often influenced financial markets, with headlines and articles moving the market caps of major companies by hundreds of millions of dollars. In 2017, Peter returned to the Orange County Business Journal as Financial Editor, bringing his heavy business industry expertise. Over the years, he advanced to Executive Editor and, in 2024, was named Editor-in-Chief. Peter’s work has been featured in prestigious publications such as The New York Times and The Washington Post, and he has appeared on CNN, CBC, BBC, and Bloomberg TV. A Kiplinger Fellowship recipient at The Ohio State University, he leads the Business Journal with a dedication to uncovering stories that matter and shaping the local business community and beyond.
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