US-based Xponential Fitness, Inc., a global franchisor of boutique fitness brands, which generated $1.4 billion in systemwide sales and 16 percent same-store sales growth in 2023, has updated its FY23 operating highlights.
This includes an increase in the number of studios to 3,062 and total licenses to 6,255 across its ten brands. The total number of members increased by 21 percent to 717,000. Studio visits increased by 31 percent year-on-year to 51.5 million, compared to 39.2 million in 2022.
Xponential also stated that system-wide sales increased to $1.40 billion, up 36 percent from $1.03 billion in 2022. In terms of same-store sales, the group saw an increase of 16 percent on a like-for-like basis compared to 25 percent in 2022. It also achieved Q4 2023 run-rate average unit volume of $590,000, compared to $522,000 in Q4 2022.
