Xponential Fitness ends 2021 with membership up by nearly half

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Exponential Fitness Inc. XPOF,
+0.24%
said on Tuesday it expects 2021 revenue to be in the range of $147.0 million to $148.5 million and new studios in the range of 230 to 250. The FactSet consensus is for revenue of $148.1 million and 241.5 new studios. For the full year ended December 31, 2021, the company surpassed 2,100 Open Studios; Reached 449,000 members, up 49% from last year; And same-store sales increased 41%. ,[W]E expects to meet or exceed the high end of our full year 2021 outlook,” said Anthony Geisler, chief executive of Exponential, in a statement. Exponential’s portfolio of chains includes Club Pilates, CycleBar and StretchLab. This business update comes ahead of the company’s presentation at the Jefferies Virtual Winter Restaurant, Food Service, Gaming, Lodging and Leisure Summit on January 24. Exponential went public in July 2021. The stock slid 0.9% in early trading Tuesday, but lost more than the past three months. rose 20.7% in S&P 500 Index SPX,
-0.24%
Up nearly 7% in the last three months.

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