Xponential Fitness, Inc. - XPOF STOCK NEWS

Xponential Fitness, Inc. (NYSE: XPOF) reported strong Q3 2021 results, achieving a 60% increase in revenue year-over-year, totaling $40.9 million. North American system-wide sales rose by 93% to $192.4 million, driven by a 65% growth in same-store sales. The company opened 68 new studios and sold 248 franchise licenses. Although there was a net loss of $8.9 million, an improved Adjusted EBITDA of $6.8 million was reported. The guidance for 2021 was raised, projecting 230 to 250 new studio openings and revenue of $147.0 million to $148.5 million.

Xponential Fitness, Inc. (NYSE: XPOF) has announced an exclusive agreement with Fitness International, LLC, operator of LA Fitness and City Sports Club. This deal will develop over 350 franchised locations across 500 Fitness International locations over five years, expanding Xponential's footprint. Existing franchisees can open Xponential studios in LAF and CSC facilities. Reduced buildout costs and no initial franchise fees aim to enhance revenue generation for franchisees. However, immediate revenue impact is not expected during the current calendar year, with further updates to come on November 11, 2021.

Xponential Fitness, Inc. (NYSE: XPOF) will release its third quarter 2021 financial results on November 11, 2021, after market close. Management will host a conference call at 1:30 p.m. PT / 4:30 p.m. ET on the same day to discuss these results. Callers can participate by dialing (877) 407-9716 with conference ID 13723447, or join via live webcast at their Investor Relations website. A replay will be available from November 11, 2021, at 4:30 p.m. PT until November 25, 2021, at 8:59 p.m. PT.

Xponential Fitness, Inc. has appointed Chelsea A. Grayson as an independent director, expanding the board to four members and enhancing its independence. Grayson brings extensive experience as a former CEO and board member of global companies, including her current role on the board of Spark Networks. Her insights into retail and brand management are expected to support Xponential's growth strategies, particularly in enhancing retail and merchandise sales across over 2,000 studios.

Xponential Fitness (NYSE: XPOF) has acquired Body Fit Training (BFT), an Australia-based fitness franchisor, for $44 million. The acquisition includes cash and debt from Xponential's existing loan facility and is expected to be immediately accretive to EBITDA margins. BFT operates nearly 130 studios across Australia, New Zealand, and Singapore, with over 150 additional studios planned to open in the next year. This deal boosts Xponential's international presence to over 1,000 studios across 10 countries.

Club Pilates, the largest boutique Pilates brand in the U.S., has announced a significant expansion through a franchise agreement with David Schuck. This deal includes the acquisition of 13 existing studios and rights to open 16 new locations across Houston, Dallas, and Central Florida, making it one of the largest franchise deals in the brand's history. Since 2020, Club Pilates has opened over 87 new studios, bringing its total to nearly 650 globally. The brand continues to expand internationally into markets like Australia and Japan.

Xponential Fitness has signed a Master Franchise Agreement for its Rumble boxing brand in Australia, allowing the franchisee to license at least 100 studios over five years. This marks a significant step in the company's international expansion, joining existing brands like CycleBar and StretchLab. Box X Operations, the franchisee, aims to open multiple studios in Sydney and Newcastle. With this agreement, Xponential aims to capitalize on the growing boutique fitness market in Australia, supported by promotional efforts from notable figures in the entertainment industry.

Xponential Fitness, Inc. (NYSE: XPOF) has upgraded its production studio, XSTUDIO, enhancing its digital fitness offerings. The centerpiece is a 70-by-14-foot LED wall, creating an immersive experience for users of its GO platform, which features workout classes from multiple brands like Club Pilates and CycleBar. Since its launch in March 2020, GO has added over 25 instructors and offers more than 2,500 classes. Subscriptions range from $19.99 to $29.99 monthly. CEO Anthony Geisler emphasized this investment aims to make boutique fitness accessible anywhere.

Xponential Fitness, Inc. (NYSE: XPOF), a leader in boutique fitness brands, will participate in two upcoming conferences. CEO Anthony Geisler and CFO John Meloun will present virtually at The Raymond James Consumer Conference on September 14, 2021, at 3:40 p.m. ET, and at The Jefferies Fitness and Wellness Summit on September 15, 2021, at 2:25 p.m. ET. Both presentations will be accessible via the company's Investor Relations page and will include virtual investor meetings throughout the day.