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The owner of Pure Barre, Club Pilates, Rumble, and Cyclebar had another impressive year.
Xponential Fitness, which claims it’s the largest global franchisor of boutique fitness brands, reported a 44% year-over-year increase in fourth-quarter revenue to $71.3 million and a 58% increase in full year revenue to $245 million.
The company posted a net loss of $400,000 for the three months that ended Dec. 31, 2022. For the year, Xponential Fitness reported net income of $2.9 million.
“During 2022, we opened a new studio approximately every 17 hours, and system-wide sales surpassed $1 billion for the first time,” said Anthony Geisler, Xponential Fitness CEO.
Xponential sold 1,026 franchise licenses and opened 511 new studios during the year and had double-digit growth in same-store sales and memberships. In North America, system-wide sales jumped 46% to $1.03 billion.
In January, Xponential’s membership base reached 600,000.
For 2023, Xponential Fitness expects revenue to land between $285 million and $295 million, up 18%, and system-wide sales in North America to reach between $1.34 billion to $1.35 billion, up 30%.
It also anticipates new studio openings in the range of 540 to 560 — an 8% increase.
