Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Xponential Fitness (NYSE:XPOF) and the best and worst performers in the leisure facilities industry.
Leisure facilities companies often sell experiences rather than tangible products, and in the last decade-plus, consumers have slowly shifted their spending from "things" to "experiences". Leisure facilities seek to benefit but must innovate to do so because of the industry's high competition and capital intensity.
The 12 leisure facilities stocks we track reported a mixed Q3. As a group, revenues beat analysts’ consensus estimates by 0.8% while next quarter’s revenue guidance was in line.
In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results.
Xponential Fitness (NYSE:XPOF)
Owner of CycleBar, Rumble, and Club Pilates, Xponential Fitness (NYSE:XPOF) is a boutique fitness brand offering diverse and specialized exercise experiences.
Xponential Fitness reported revenues of $80.49 million, flat year on year. This print exceeded analysts’ expectations by 5.5%. Despite the top-line beat, it was still a mixed quarter for the company with a solid beat of analysts’ adjusted operating income estimates but a significant miss of analysts’ EPS estimates.
“Following my first 100 days, I’m looking forward to sharing my vision for the Company with all of you this afternoon,” said Mark King, CEO of Xponential Fitness, Inc.
Xponential Fitness pulled off the biggest analyst estimates beat but had the weakest full-year guidance update of the whole group. The stock is up 36.6% since reporting and currently trades at $17.35.
Is now the time to buy Xponential Fitness? Access our full analysis of the earnings results here, it’s free.
Best Q3: Live Nation (NYSE:LYV)
Owner of Ticketmaster and operator of music festival EDC, Live Nation (NYSE:LYV) is a company specializing in live event promotion, venue management, and ticketing services for concerts and shows.
Live Nation reported revenues of $7.65 billion, down 6.2% year on year, falling short of analysts’ expectations by 2%. However, the business still had a very strong quarter with a solid beat of analysts’ adjusted operating income estimates.
The market seems happy with the results as the stock is up 20.2% since reporting. It currently trades at $148.96.
Is now the time to buy Live Nation? Access our full analysis of the earnings results here, it’s free.
Weakest Q3: Dave & Buster's (NASDAQ:PLAY)
Founded by a former game parlor and bar operator, Dave & Buster’s (NASDAQ:PLAY) operates a chain of arcades providing immersive entertainment experiences.
Dave & Buster's reported revenues of $453 million, down 3% year on year, falling short of analysts’ expectations by 2.1%. It was a softer quarter as it posted a miss of analysts’ EPS and adjusted operating income estimates.
The stock is down 29.7% since the results and currently trades at $25.88.
Read our full analysis of Dave & Buster’s results here.
Planet Fitness (NYSE:PLNT)
Founded by two brothers who purchased a struggling gym, Planet Fitness (NYSE:PLNT) is a gym franchise that caters to casual fitness users by providing a friendly and inclusive atmosphere.
Planet Fitness reported revenues of $292.2 million, up 5.3% year on year. This print beat analysts’ expectations by 2.2%. It was a very strong quarter as it also logged an impressive beat of analysts’ adjusted operating income estimates and a decent beat of analysts’ EPS estimates.
The stock is up 27.7% since reporting and currently trades at $107.91.
Read our full, actionable report on Planet Fitness here, it’s free.
AMC Entertainment (NYSE:AMC)
With a profile that was raised due to meme stock mania beginning in 2021, AMC Entertainment (NYSE:AMC) operates movie theaters primarily in the US and Europe.
AMC Entertainment reported revenues of $1.35 billion, down 4.1% year on year. This result surpassed analysts’ expectations by 0.8%. Overall, it was a strong quarter as it also put up an impressive beat of analysts’ EPS estimates and a decent beat of analysts’ EBITDA estimates.
The stock is down 31.9% since reporting and currently trades at $3.12.
Read our full, actionable report on AMC Entertainment here, it’s free.
Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Growth Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.
Join Paid Stock Investor Research
Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here.