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F45 Training Holdings (NYSE:FXLV) announced an increase in its equipment world pack deliveries for 2022, securing approximately 1,200 packs to meet global franchisee demand. President and CEO Adam J. Gilchrist stated that this reflects the company's ability to exceed growth expectations and ensure sufficient supply for new studios. The company aims to maintain its position as the fastest growing franchisor in boutique fitness, highlighting its capital-light business model and strong balance sheet.
Positive
Secured approximately 1,200 equipment world packs for 2022, meeting global franchisee demand.
The ability to pull forward orders by at least two quarters showcases operational strength.
Maintaining a focus on balancing growth and profitability under a fiscally conservative strategy.
Negative
None.
F45 Increases Equipment World Pack Deliveries in 2022 to Approximately 1,200
AUSTIN, Texas--(BUSINESS WIRE)--
F45 Training Holdings Inc. (“F45” or the “Company”) (NYSE:FXLV), the fastest growing fitness franchisor in the world according to Entrepreneur in 2021, today announced that the Company has increased its purchase of equipment packs to support expected significant global franchisee demand. As a result, the Company will have approximately 1,200 equipment world packs secured for delivery during 2022, including world packs received year to date.
“With today’s announcement, I am pleased to share that we will have sufficient equipment world packs to meet our expectations in terms of global demand for new F45 studios this year,” said Adam J. Gilchrist, President, CEO and Chairman of F45 Training. “Through our capital-light business model and robust balance sheet, we are in the unique position to pull forward orders by at least two quarters in advance.”
Mr. Gilchrist continued, “Our goal has always been to become the world’s fastest growing franchisor. Supported by our #1 ranking in the world for boutique fitness franchising, we believe our ability to achieve this goal has never been stronger than it is today with unprecedented demand for F45. It will be a proud moment when we overtake some of the most well-known and respected global franchisor systems across industries. We remain focused on driving our fiscally conservative strategy, which carefully balances growth and profitability. For anyone who is new to F45 and interested in learning more, we invite you to email LIFECHANGING@F45TRAINING.COM to receive a complimentary two-week pass to any of our studios in over 60 countries to experience the world’s best workout.”
About F45
F45 offers consumers functional 45-minute workouts that are effective, fun and community-driven. F45 utilizes proprietary technologies: a fitness programming algorithm and a patented technology-enabled delivery platform that leverages a rich content database of over 8,000 unique functional training movements across modalities to offer new workouts each day and provide a standardized experience across the Company’s global footprint.
What is the significance of F45's 1,200 equipment world packs for 2022?
F45's announcement of securing 1,200 equipment world packs indicates strong demand from franchisees, showcasing the company's growth potential.
How does F45 plan to meet increasing global franchisee demand?
F45 plans to meet increasing global demand by pulling forward equipment orders by at least two quarters, ensuring sufficient supply for new studios.
What is F45's growth strategy as of 2022?
F45's growth strategy focuses on maintaining a capital-light business model while balancing growth and profitability, positioning itself as the fastest growing franchisor in boutique fitness.
Who is the CEO of F45 Training Holdings?
Adam J. Gilchrist is the President, CEO, and Chairman of F45 Training Holdings.
