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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
Peter J. Brennan has been a journalist for 40 years. He spent a decade in Latin America covering wars, narcotic traffickers, earthquakes, and business. His resume includes 15 years at Bloomberg News where his headlines and articles sometimes moved the market caps of companies he covered by hundreds of millions of dollars. His articles have been published worldwide, including the New York Times and the Washington Post; he's appeared on CNN, CBC, BBC, and Bloomberg TV. He was awarded a Kiplinger Fellowship at The Ohio State University.
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