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F45 Training Holdings Inc. (FXLV) is a rapidly expanding fitness network, renowned for its innovative approach to group training. Established in Australia, F45 offers a unique 'business in a box' model, catering to corporate professionals and personal trainers eager to unlock their true earning potential. The company was co-founded by Rob Deutsch and celebrity personal trainer Luke Istomin, who combined their expertise in business and fitness to create a scalable health and fitness franchise.
With its origins rooted in transforming athletes and celebrities, F45 has grown to become a leading global fitness brand. The company specializes in high-intensity interval training (HIIT), functional training, and circuit training, offering diverse and effective workout programs. F45's classes are designed to be efficient, engaging, and adaptable for all fitness levels, making it accessible and appealing to a broad audience.
In recent years, F45 has made significant strides in expanding its global footprint, establishing numerous franchises worldwide. The company’s business model provides franchisees with comprehensive support, including training, marketing resources, and operational guidance, ensuring consistent quality and brand integrity across all locations.
Financially, F45 Training Holdings Inc. has shown robust growth, driven by increasing demand for fitness solutions and the steady expansion of its franchise network. The company continues to innovate, introducing new workout programs, technological integrations, and strategic partnerships to enhance its offerings and maintain competitive advantage.
Currently, F45 is involved in several exciting projects, including collaborations with prominent fitness influencers, development of digital workout platforms, and community-driven health initiatives. These endeavors strengthen F45's position as a leader in the fitness industry and underscore its commitment to promoting healthy lifestyles worldwide.
F45 Training Holdings Inc. (NYSE: FXLV) has launched a corporate partnership program allowing organizations to open F45 studios within their offices, providing employees direct access to fitness classes. Northrop Grumman is among the first participants. CEO Adam J. Gilchrist emphasized the program's potential for growth, aiming to enhance employee health and wellness initiatives. This move is expected to attract more businesses seeking to improve their offerings and recruit talent by prioritizing employee wellbeing.
F45 Training Holdings (NYSE: FXLV) has announced its first fitness studio within a hotel, located at the Hilton Austin. Slated to open this fall, the studio will occupy 1,236 square feet, providing high-intensity circuit-based workouts. This move marks a significant step for F45's new Clubs & Hotels business unit and aims to enhance guest experiences. The partnership allows guests and local attendees to access workouts with discounts for Hilton Honors members and F45 members, showcasing F45's expansion strategy into the hospitality sector.
F45 Training Holdings (NYSE:FXLV) reported robust financial results for Q1 2022, with total revenue surpassing $50 million, a 175% increase from the prior year. Adjusted EBITDA surged by 235% to $17.7 million. The company sold 706 new franchises, raising its full-year target to 1,500. It reaffirmed guidance for 1,000 studio openings and introduced expected free cash flow between $50 million and $60 million. CEO Gilchrist highlighted new financing facilities totaling $250 million for franchisees, underscoring F45's strong demand and recovery post-COVID.
F45 Training Holdings Inc. (NYSE:FXLV) announced a strategic financing facility with Fortress Credit Corp., providing up to $300 million for franchisees to develop new studios across the U.S. This debt financing aims to support growth and enhance access to capital for franchisees post-pandemic. The initiative reflects F45's commitment to innovation in the fitness industry, allowing streamlined capital sourcing for franchisees. Starting Q2 2022, eligible franchisees can apply for this financing to expand F45's footprint in the U.S., bolstering the company's economic model.
F45 Holdings Inc. (NYSE: FXLV) announced the launch of a new workout, DB45, designed by David Beckham and trainer Gunnar Peterson. This football-inspired cardio class features 11 stations and will be available globally starting May 11, 2022. DB45 incorporates exercises reminiscent of Beckham's training as a professional player, structured in a unique 4:4:2 formation. F45, recognized as the fastest-growing fitness franchisor, has over 3,301 franchises and 1,749 studios in 67 countries, emphasizing community-driven, functional training.
F45 Training Holdings Inc. (NYSE:FXLV) will release its first quarter fiscal 2022 financial results on May 16, 2022, after market close. A conference call will follow at 4:30 p.m. ET to discuss these results. F45 is known for its innovative 45-minute functional workouts and proprietary technologies that enhance member experience. The fitness franchisor has been recognized as the fastest-growing in the world as of 2022, according to Entrepreneur. Investors can access the call via the investor relations website, and a replay will be available afterward.
F45 Training Holdings Inc. (NYSE: FXLV) announced the appointment of Brian Killingsworth as Chief Marketing Officer. Killingsworth, a veteran with over 20 years in sports marketing, will lead F45's marketing strategy. His previous roles include Global CMO at Legends and CMO for the Vegas Golden Knights. Under his leadership, F45 aims to enhance brand visibility and customer engagement. F45, recognized as the fastest growing fitness franchisor by Entrepreneur in 2022, focuses on innovative fitness solutions to assist members in achieving their fitness goals.
F45 Training Holdings Inc. (NYSE: FXLV) has been recognized as one of the fastest-growing franchises by Entrepreneur in 2022, ranking #10 globally and #14 in North America, making it the top fitness franchisor. This accolade reflects F45's strong unit growth from July 31, 2020, to July 31, 2021, a period marked by challenges in the fitness industry due to the pandemic. CEO Adam Gilchrist stated that this recognition validated the team's hard work and commitment to franchisees and members, indicating confidence in maintaining robust growth.
F45 Training Holdings Inc. (NYSE: FXLV) announced the opening of a new studio in London's High Street Kensington on March 19. The 3,500 sq. ft. facility will follow F45's renowned high-intensity, circuit-based workouts. David Beckham, an F45 investor since 2020, will partner in the new studio. Currently, F45 operates 1,749 studios across 65 countries, with this being the 63rd in the UK. The franchise has sold a total of 3,301 franchises and continues to expand its presence in the global fitness market.
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