Toast Shares Soar On Q2 Performance, Raised FY22 Guidance Toast Inc (NYSE:TOST) reported second-quarter Revenue increased by 58% year-over-year to $675 million, beating the consensus of $651.28 million. EPS for the quarter was $(0.11), an improvement form $(0.64) in 2Q21. Total locations increased over 40% Y/Y to ~68,000. ARR as of June 30, 2022, was $787 million, up 59% Y/Y. Gross Payment Volume (GPV) increased 62% Y/Y to $23.3 billion. Subscription revenue grew 100% Y/Y. 3Q22 Outlook: Toast expects Revenue of $700 million to $730 million, vs. a consensus of 665.08 million; Adjusted EBITDA of $(40) million to $(30) million. FY22 Outlook: The company expects revenue of $2.62 billion to $2.66 billion vs. consensus of $2.54 billion (an increase from $2.5 billion to $2.55 billion), and adjusted EBITDA in the range of $(160) million to $(140) million (up from $(195) million to $(175) million. Chalk up another win!
I keep hearing that in the next phase the services companies will do well but the lack of earnings scared me off on the Canadian ones ( e.g. I traded Ensign in 2020 ). I prefer to play the producers with a track record of strong earnings in this market. There is going to be a steady stream of good news for the next year ( e.g. dividend hikes, share buy backs, oversized earnings ) and if the market continues to under price them no doubt some takeover news.
van this is all wrong. Their debt is high bit it's a gym! They all are it's about 172 mil. not $411. Your scanner is off. _______ That's not a scanner, thats me looking at this dog. Market cap $792M Enterprise Value $1.2B >>>> $408M debt -case closed
Yes it's a huge win when you come on after they report and pretend you knew something. Don't you see the time stamps-- Your desperation is making you look foolish but all I care about is you non editing and mouthing off when you don't have the facts. You got to stop that! If you want to betaken seriously. Which I hope you do.I'm statrting to wonder. Don't post stupid irrelevant crap. Xponential Fitness, Inc. Announces Second Quarter 2022 Financial Results Thu, August 11, 2022, 4:05 PM·22 min read In this article: XPOF +0.74% - Company raises full year 2022 guidance for revenue and Adjusted EBITDA - Grew Q2 2022 revenue 66% and North America system-wide sales 45% compared to Q2 2021 - Sold 251 franchise licenses and opened 128 new studios in Q2 2022 - Sold 4,935 total franchise licenses and 2,357 total studios operating as of Q2 2022 IRVINE, Calif., August 11, 2022--(BUSINESS WIRE)--Xponential Fitness, Inc. (NYSE: XPOF) ("Xponential" or the "Company"), the largest global franchisor of boutique fitness brands, today reported financial results for the second quarter ended June 30, 2022. Financial Highlights: Q2 2022 Compared to Q2 2021 Grew revenue 66% to $59.6 million. Increased North America system-wide sales1 by 45% to $249.8 million. Reported North America same store sales2 growth of 25%. Reported North America quarterly run-rate average unit volume (AUV)3 of $480,000, compared to $384,000. Posted net income of $31.5 million, or earnings of $3.28 per share, on a share count of 25.4 million shares of Class A Common Stock, compared to a net loss of $8.0 million.4 $31 mil vs loss of $8 mil Posted Adjusted Net Income of $0.1 million, or a loss of $0.07 per share, compared to an Adjusted Net Loss of $7.8 million.4 Reported Adjusted EBITDA5 of $17.6 million, compared to $8.3 million. "We experienced a strong year-over-year increase in members and grew our system-wide sales across North America for the eighth consecutive time in the second quarter," said Anthony Geisler, CEO of Xponential Fitness, Inc. "The dynamic year-over-year growth in North America run-rate AUVs is a solid reminder that despite inflationary pressures to date, the workouts our franchisees provide across our diverse portfolio of ten brands are an integral part of our members’ lives." Mr. Geisler continued, "For the remainder of the year, we expect the strong growth in the business to continue. Accordingly, we are increasing our fiscal 2022 outlook to reflect 39% revenue growth and 156% Adjusted EBITDA growth at the midpoint of our outlook ranges compared to 2021." For the second quarter 2022, total revenue increased $23.8 million, or 66%, to $59.6 million, up from $35.8 million in the prior-year period. Total revenue increased largely due to increasing equipment installations and royalties generated from strong North American system-wide sales. Net income totaled $31.5 million, or earnings of $3.28 per share, compared to a net loss of $8.0 million in the prior-year period. The increase was the result of $11.6 million of higher overall profitability and $31.8 million of lower non-cash contingent consideration expense primarily related to the Rumble acquisition, offset by a $4.0 million increase in non-cash equity-based compensation expense. Please see the table contained in this press release for a calculation of the basic and diluted earnings per share for the quarter ended June 30, 2022. So far all good here is the confusing part--- Consistent with previous periods, the Rumble acquisition non-cash contingent consideration liability is marked-to-market based on Xponential’s share price, contributing to a $31.6 million decrease to contingent consideration liability in the second quarter of 2022. Adjusted net income (loss) for the second quarter of 2022, which excludes the $31.6 million change in fair value of non-cash contingent consideration and $0.2 million expense related to the second quarter remeasurement of the Company’s tax receivable agreement liability, was $0.1 million, or ($0.07) per share, which is based on 25.4 million shares of Class A common stock. Adjusted EBITDA, which is defined as net income before interest, taxes, depreciation and amortization, adjusted for equity-based compensation, acquisition and transaction expenses, management fees, litigation expenses, employee retention credit, secondary public offering expenses and tax receivable agreement remeasurement, increased to $17.6 million, up from $8.3 million in the prior-year period. 2X EBITDA is quite god if they can keep it up Liquidity and Capital Resources As of June 30, 2022, the Company had approximately $29.3 million of cash, cash equivalents and restricted cash and $131.7 million in total long-term debt. Net cash provided by operating activities was $26.2 million for the quarter ended June 30, 2022. 2022 Outlook Based on the Company’s performance in the first six months of 2022 and the current state of the business as of the date of this press release, Xponential is increasing its full-year 2022 guidance for revenue and Adjusted EBITDA and re-affirming guidance for studio openings and system-wide sales in North America as follows: New studio openings to remain in the range of 500 to 520, or an increase of 53% at the midpoint as compared to full year 2021; North America system-wide sales to remain in the range of $995.0 million to $1.005 billion, or an increase of 41% at the midpoint as compared to full year 2021; Revenue is now anticipated to be $211.0 million to $221.0 million, or an increase of 39% at the midpoint as compared to full year 2021; this compares to previous guidance of $201.0 million to $211.0 million, or an increase of 33% at the midpoint as compared to full year 2021; and Adjusted EBITDA is now anticipated to be $68.0 million to $72.0 million, or an increase of 156% at the midpoint compared to full year 2021; this compares to previous guidance of $67.0 million to $71.0 million, or an increase of 153% at the midpoint as compared to full year 2021.
Stop using whatever crap system you are using it's all out of date---lawd! Debt is even less it's $131.7 million in total long-term debt.
Now I know what it's like to teach severely handicapped children. The secrete sauce here is Club Pilates -we have one in our building they are very popular.- Anthony Geisler owned Club Pilates before selling it to TPG Partners, but now he is at the helm of Xponential Fitness, which now owns Club Pilates and six other boutique studio brands.