Xponential Fitness expects to meet or exceed high end of FY22 outlook

The company expects to meet or exceed the high-end of the previously provided full year 2022 outlook: New studio openings of 511, at the top half of the guidance range of 500 to 520, and an increase of 53% as compared to full year 2021; North America system-wide sales of $1.03 billion, exceeding the high end of the guidance range of $995.0 million to $1.005 billion, and an increase of 46% as compared to full year 2021; Revenue in the range of $235.0 million to $240.0 million, or an increase of 53% at the midpoint as compared to full year 2021; and Adjusted EBITDA in the range of $70.0 million to $74.0 million, or an increase of 164% at the midpoint compared to full year 2021. FY22 revenue consensus $239.4M.