Irvine-based Xponential Fitness Inc. reported third-quarter sales jumped 56% to $63.8 million, beating analysts’ consensus estimate of $55 million.
North American system-wide sales also increased 37% to $265 million.
“Not only did we expand our core franchise business in Q3 2022, but we also welcomed key new partners, including Princess Cruises and lululemon Studio,” Chief Executive Anthony Geisler said in a statement. “Connecting with our membership base where and when they want to work out through our omni-channel approach will continue to be a core part of our growth strategy.”
Xponential also increased its 2022 forecast for revenue to reach between $235 million to $240 million from its former guidance of $211 million to $221 million. Analysts expected $223.8 million.
During after hours trading, Xponential (NYSE: XPOF) shares rose 3% to $20.48 with a market cap of $974 million.
