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Xponential Fitness Cuts FY24 Revenue Forecast From $340M - $350M To $310M - $320M, Est $346.623M

Author: Benzinga Newsdesk | August 01, 2024 05:24pm

Xponential is adjusting its full year 2024 guidance as follows:

Gross new studio openings in the range of 500 to 520, or a decrease of 8% at the midpoint compared to full year 2023 gross new openings; this compares to previous guidance of 540 to 560;
North America system-wide sales in the range of $1.705 billion to $1.715 billion, or an increase of 22% at the midpoint compared to full year 2023; unchanged from previous guidance;
Adjusted EBITDA in the range of $120.0 million to $124.0 million, or an increase of 16% at the midpoint compared to full year 2023; this compares to previous guidance of $136.0 million to $140.0 million.

Posted In: XPOF