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F45 Training Holdings Inc. (NYSE:FXLV) has appointed Gunnar Peterson as Chief of Athletics, a significant move aimed at enhancing its fitness offerings. Peterson, a renowned trainer with a history of working with elite athletes and celebrities, will collaborate with F45's expert team to innovate workout programs. This comes as F45 seeks to maintain its position as a leader in the fitness industry, leveraging its technology-driven approach and extensive training content. Peterson's exclusive workout will launch in April 2022, aiming to benefit F45's global community.
F45 Training Holdings Inc. (NYSE:FXLV) has updated its revenue guidance for fiscal 2021, expecting total revenue between $133 million and $136 million, reflecting a 62%-66% increase year-over-year. Preliminary Q4 2021 results show significant growth with same store sales up 6% globally and 53% in the US, while system-wide sales increased 27% globally and 95% in the US. The company also reported approximately 130 new studio openings and 275 new franchises sold. Results will be formally released in early March, along with the outlook for 2022.
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F45 Training Holdings Inc. (NYSE:FXLV), recognized as the fastest growing fitness franchisor by Entrepreneur, will participate in the 24th Annual ICR Conference via a fireside chat on January 10, 2022, at 11:00 am ET. The chat will be accessible through the Company’s Investor Relations website. F45 offers innovative 45-minute workouts combining proprietary technologies and a vast database of over 3,900 training movements, promoting an engaging community-driven fitness experience.
F45 Training Holdings Inc. (NYSE:FXLV) has announced a partnership with Concert Golf Partners to establish F45 studios within private golf clubs across the U.S. The initiative aims to enhance member fitness experiences. The first studio is set to launch at Indian Spring Country Club in Boynton Beach, Florida. F45's President Adam J. Gilchrist emphasized the opportunity to expand its market presence through this collaboration, which caters to health and wellness goals for members in a familiar environment.
F45 Training Holdings Inc. (NYSE:FXLV) has announced a partnership with Swoop Funding to provide its franchisees access to tailored financing solutions. This partnership aims to help both new and existing franchise owners secure funding from a network of pre-selected lenders. Initially launching in Australia, Canada, Ireland, and the United Kingdom, the partnership is designed to ease financial burdens and support franchisees in starting and expanding their fitness studios.
F45 Training Holdings (NYSE:FXLV) reported a 24% revenue increase to $27.2 million for Q3 2021, boosted by a 32% rise in franchise revenue. Studio visits surged, with same-store sales up 67% in the U.S. Despite this, the company recorded a net loss of $130.2 million due to increased SG&A expenses related to stock-based compensation and higher interest expenses. Cash and cash equivalents improved to $52.6 million, with no debt. F45 increased its guidance for new franchise sales and studio openings for 2021, expecting full-year revenue between $132 million and $137 million.
F45 Training Holdings (NYSE:FXLV) has announced its acquisition of Vive Active, a profitable Australian fitness company known for its innovative Pilates offerings. This acquisition aims to enhance F45's portfolio by integrating Vive's in-studio and at-home streaming services. The deal, funded by F45's cash reserves, is expected to close in Q4 2023 and includes plans for expanding Vive’s reach in the United States and beyond. F45 has already secured a multi-unit franchise commitment to accelerate Vive's growth.
OneSpaWorld (NASDAQ: OSW) has announced a pioneering collaboration with F45 Training Holdings Inc. (NYSE: FXLV) to offer F45 studios and classes on select Celebrity Cruises ships. This multi-year agreement aims to reach the 30 million cruise passengers annually, expanding F45's fitness offerings. The first studio was launched on the Celebrity Apex, emphasizing the companies' commitment to enhancing cruise guests' fitness experiences. This partnership aligns with OneSpaWorld's strategy to innovate in health and wellness services.
F45 Training Holdings Inc. (NYSE:FXLV) has launched a pioneering partnership with Royal Caribbean, marking the first collaboration of its kind between a boutique fitness operator and a major cruise line. This multi-year agreement will introduce F45's 45-minute functional training classes aboard Royal Caribbean's luxury ships, starting with the Celebrity Apex. F45 aims to expand its reach to over 30 million cruise passengers annually while aligning with previous initiatives with the U.S. Military and esteemed universities.