Xponential Fitness, Inc. (NYSE:XPOF) Q2 2023 Earnings Conference Call August 3, 2023 4:30 PM ET

Company Participants

Anthony Geisler - Founder, Director and Chief Executive Officer

Sarah Luna - President

John Meloun - Chief Financial Officer

Conference Call Participants

Randal Konik - Jefferies

Joseph Altobello - Raymond James

Alexander Perry - Bank of America

Brian Harbour - Morgan Stanley

Jonathan Komp - Baird

Ryan Meyers - Lake Street Capital

Julio Marquez - Guggenheim Partners

Warren Cheng - Evercore ISI

Jeff Van Sinderen - B. Riley Securities

George Kelly - ROTH Capital Partners

Korinne Wolfmeyer - Piper Sandler

Operator

Greetings, and welcome to the Xponential Fitness Second Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions]. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Avery Wanamaker [ph], Investor Relations. Please go ahead.

Unidentified Company Representative

Thank you, operator. Good afternoon and thank you all for joining our conference call to discuss Xponential Fitness Second Quarter 2023 Financial Results. I am joined by Anthony Geisler, Chief Executive Officer; Sarah Luna, President; and John Meloun, Chief Financial Officer. A recording of this call will be posted on the Investors section of our website at investor. Xponential.com.

We remind you that during this conference call, we will make certain forward-looking statements, including discussions of our business outlook and financial projections. These forward-looking statements are based on management's current expectations and involve risks and uncertainties that could cause our actual results to differ materially from such expectations.

For a more detailed description of these risks and uncertainties, please refer to our recent and subsequent filings with the SEC. We assume no obligations to update the information provided on today's call. In addition, we will be discussing certain non-GAAP financial measures in this conference call.

We use non-GAAP measures because we believe they provide you information about our operating performance that should be considered by investors in conjunction with the GAAP measures that we provide. A reconciliation of these non-GAAP measures to comparable GAAP measures is included in the earnings release that was issued earlier today prior to this call. Please also note that all numbers reported in today's prepared remarks refer to global figures, unless otherwise noted.

I will now turn the call over to Anthony Geisler, Chief Executive Officer of Xponential Fitness.