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Why Xponential Fitness Shares Sprinted Higher on Friday

TheMotleyFool

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Why Xponential Fitness Shares Sprinted Higher on Friday: https://g.foolcdn.com/editorial/images/723328/yoga-stretching-working-out-health-exercise.jpg

Xponential Fitness (NYSE: XPOF) investors beat the market by a wide margin in early Friday trading. Shares of the fitness franchise operator jumped 14% by 12:30 p.m. ET, compared to a 1% increase in the S&P 500.

The rally added up to big gains for shareholders, as the stock has increased by over 35% in the past full year. It was powered by a warmly received earnings update.

Xponential Fitness executives said before the market opened that sales in the Q4 period rose 44%. That result pushed annual sales up 58% to $245 million, beating the short-term outlook that management had raised back in mid-November.

Source Fool.com

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