Xponential Fitness Inc. (NYSE: XPOF) yesterday posted first quarter results that beat the analysts consensus estimate.
Revenue for the Irvine boutique fitness franchiser jumped 40% to $71 million, topping the average analyst estimate of $65 million.
“With this growth, we are raising our annual guidance expectations,” CEO Anthony Geisler said in a statement. “We are seeing momentum continue through the first part of the second quarter.”
Xponential’s new full-year outlook ranges between $290 million to $300 million, while the previous guidance fell between $285 million to $295 million.
Following the results, shares in the company fell 2.3% to $30.33 apiece and a $1.7 billion market cap today in midday trading.
