Xponential Fitness, Inc. - XPOF STOCK NEWS

Xponential Fitness (NYSE: XPOF) has appointed Bruce Haase to its Board of Directors, effective November 16, 2024. Haase, who will serve on the Board's Human Capital Management Committee, brings over 25 years of hospitality and franchising experience. He previously served as CEO of Extended Stay America and WoodSpring Suites, and is currently chairman of HomeWell Care Services. His appointment aims to strengthen Xponential's transition towards a marketing and operations-driven culture focused on franchisee success. Haase holds an MBA from Wharton, an M.S. from Johns Hopkins, and a B.S. from Virginia Tech.

Xponential Fitness (NYSE: XPOF) reported its Q3 2024 financial results. Key highlights include a 21% increase in system-wide sales to $431.2 million and an 8% rise in quarterly AUV to $631,000. The total number of members grew by 16% to 827,000. The company sold 84 franchise licenses and opened 125 new studios during the quarter.

Revenue remained steady at $80.5 million. However, Xponential reported a net loss of $18.0 million ($0.29 per share), compared to a loss of $5.2 million ($0.91 per share) in Q3 2023. Adjusted net loss was $0.2 million ($0.04 per share). Adjusted EBITDA increased by 17% to $31.0 million.

The company reiterated its 2024 guidance for system-wide sales, total revenue, and adjusted EBITDA but lowered its outlook for new studio openings. Xponential had $37.8 million in cash and $353.8 million in long-term debt as of September 30, 2024.

Xponential Fitness (NYSE: XPOF), a leading global franchisor of boutique health and wellness brands, has scheduled its third quarter 2024 financial results announcement for Thursday, November 7, 2024, after market close. Management will host a conference call at 1:30 p.m. PT / 4:30 p.m. ET on the same day. The event will be accessible via telephone and webcast, with replay options available through November 21, 2024.

Xponential Fitness (NYSE: XPOF) and the American Cancer Society are partnering for National Breast Cancer Awareness Month this October. Xponential's fitness brands, including Club Pilates, Pure Barre, CycleBar, YogaSix, Rumble Boxing, and BFT, will offer donation-based classes and co-branded apparel to raise funds for cancer research, advocacy, and patient care.

The initiative aims to support the fight against breast cancer, which is now the most diagnosed cancer in the US, with 313,510 new cases expected in 2024. Xponential emphasizes the importance of exercise in cancer prevention and recovery, noting that women who exercise regularly have a 10% - 20% lower risk of breast cancer.

The partnership will also raise awareness through social media and blog content featuring cancer patients and survivors. Donations can be made through any Xponential brand, supporting the American Cancer Society's mission to improve lives and end cancer.

Pure Barre, the largest barre fitness brand and part of Xponential Fitness (NYSE: XPOF), has announced its expansion into Mexico. The first location is set to open in Mexico City in Q1 2025, marking Pure Barre's second international market outside North America. This expansion is driven by Boutique X Fitness Studios, led by Enrique Lopez, who has extensive experience in the fitness industry.

Pure Barre continues to innovate with new class formats, including Pure Barre Define and Pure Barre Align, addressing shifting consumer preferences towards recovery and strength training. The brand currently operates 630 locations and is known for its member challenges, such as the ongoing 6th annual Fall Fit Challenge.

Xponential Fitness, Pure Barre's parent company, is a leading global franchisor of boutique health and wellness brands, operating nine brands across various fitness verticals in 49 U.S. states and 26 additional countries.

Xponential Fitness (NYSE: XPOF), a leading global franchisor of boutique health and wellness brands, has announced its participation in two upcoming investor conferences. The company will attend the Piper Sandler Growth Frontiers Conference in Nashville from September 9-11, 2024, where CEO Mark King and CFO John Meloun will present on September 10th at 1:30 p.m. CT. Additionally, CFO John Meloun will participate in the Lake Street Best IDEAS Growth Conference in New York City on September 12, 2024.

Investors can access the live presentation from the Piper Sandler conference on Xponential Fitness's investor relations website, with a replay available after the event. These conferences provide opportunities for the company to engage with investors and showcase its growth strategies in the boutique fitness industry.

Xponential Fitness (NYSE: XPOF) has announced the winner of its Walk to Win™ Porsche contest, conducted in partnership with Princess Cruises. Guang Zhu, a CycleBar member from the Bay Area, won by completing a 30-day fitness streak, achieving a 140-class milestone. Zhu's regimen included attending CycleBar classes, walking at least 5,000 steps daily, and taking Pure Barre classes on the XPASS app.

Zhu, a senior project manager in construction, began his fitness journey nearly a decade ago. The contest offered participants a chance to win a custom-branded Porsche Taycan for maintaining a 30-day fitness streak. Zhu credits the XPASS app and the supportive CycleBar community for his success, noting significant improvements in both physical and mental well-being. His next goal is to become a certified cycling instructor.

The contest, following last year's successful giveaway with nearly a million entries, demonstrates Xponential's commitment to engaging consumers in healthier lifestyles. CycleBar, the largest indoor cycling brand by studio count, offers low-impact, high-intensity workouts suitable for all fitness levels.

Xponential Fitness (NYSE: XPOF) has announced Q2 2024 financial results. Revenue fell 1% YoY to $76.5M, primarily due to a $6.5M drop in other service revenue. The company reported a net loss of $13.7M, or $0.29 per share, compared to net income of $27.5M in Q2 2023. Adjusted net income was $0.7M, or a loss of $0.03 per share. Adjusted EBITDA remained stable at $25.4M.

Key metrics showed mixed results: North America system-wide sales rose 24% to $421.5M, and same store sales grew 7%. However, the company lowered its guidance for new studio openings, revenue, and Adjusted EBITDA for the full year 2024.

Xponential sold 87 franchise licenses and opened 108 new studios in Q2. Total members increased 17% to 801,000, and average unit volume rose 10% YoY to $638,000. The company faces challenges including leadership transition and regulatory investigations.

Xponential Fitness, Inc. (NYSE: XPOF), a leading global franchisor of boutique health and wellness brands, has announced the release date for its second quarter 2024 financial results. The company will unveil its financial performance on Thursday, August 1, 2024, after market close. Following the release, Xponential Fitness management will host a conference call at 1:30 p.m. PT / 4:30 p.m. ET to discuss the results.

Interested parties can access the call via telephone or webcast. The event will be available for replay until August 15, 2024, through both dial-in options and the company's investor relations website.