Xponential Fitness Reports Q3 2026 Revenue Decline Amid Macroeconomic Headwinds
Xponential Fitness (XPOF) reported a challenging third quarter for 2026, characterized by a 21% year-over-year decline in revenue to $62.3 million. The downturn was driven primarily by lower franchise territory revenue and a significant 92% drop in merchandise sales resulting from an outsourced retail model transition and logistics issues. Management attributed the performance to a slowdown in boutique fitness spending, indicated by negative same-store sales of 7.5% in North America. Additionally, difficulties in the real estate market for suitable studio spaces have contributed to slower lease executions. Despite these headwinds, the company achieved a net income of $4.9 million, rebounding from a loss in the prior year period.
Tickers: $XPOF
Topics: franchise revenue net income revenue decline same-store sales