Welcome to our dedicated page for Xponential Fitness news (Ticker: XPOF), a resource for investors and traders seeking the latest updates and insights on Xponential Fitness stock.
Xponential Fitness, Inc., founded in 2017 by Anthony Geisler, is a leading curator of boutique fitness brands. The company operates a diverse portfolio of fitness brands that cater to various verticals within the boutique fitness space, including Pilates, indoor cycling, stretch, rowing, dance, running, and yoga.
Xponential Fitness encompasses several well-known brands:
- Club Pilates: The nation's largest and fastest-growing Pilates franchise.
- CycleBar: The first and only premium indoor cycling franchise.
- StretchLab: A concept offering personalized one-on-one and group stretching services.
- Row House: A high-energy and low-impact indoor rowing workout.
- AKT: A dance-based cardio workout that combines toning, interval, and circuit training, developed by celebrity trainer Anna Kaiser.
- YogaSix: A modern boutique yoga brand.
- Pure Barre: A total body workout that uses the ballet barre to perform small isometric movements.
- Stride: A treadmill-based cardio and strength training concept.
The company's key revenue source is franchise income generated from its extensive network of fitness studios. Xponential Fitness continues to expand its footprint both domestically and internationally, leveraging its brand portfolio to provide diverse fitness experiences catered to different consumer preferences.
For more details and the latest updates on Xponential Fitness, visit www.xponential.com.
Body Fit Training (BFT), an Xponential Fitness brand, announced a Master Franchise Agreement in Scandinavia, aiming to open at least 40 studios over the next 10 years. This move marks BFT's entry into the Scandinavian market, with seasoned fitness operator Tage Flugeim spearheading the rollout. Flugeim plans to open initial studios in Oslo, Stockholm, and Copenhagen within the next 12 months, serving as flagship locations. The agreement builds on BFT's European expansion, with their first studio in Barcelona opening in March 2024. BFT's growth reflects increasing demand in Europe and the U.S., with Xponential Fitness driving strong U.S. growth, adding 30 studios in 2023.
Xponential Fitness (NYSE: XPOF) has appointed Mark King as Chief Executive Officer, effective June 17, 2024. King brings a strong track record in scaling global brands and franchise businesses, having previously led Taco Bell to consistent sales growth and expanded its franchise locations significantly. He also held key roles at Adidas North America and TaylorMade, achieving notable growth in both companies. Brenda Morris will step down as Interim CEO but will remain on the Board of Directors. Xponential Fitness aims to leverage King's experience to strengthen its position in the global health and wellness market.
Xponential Fitness, a leading global franchisor of health and wellness brands, is partnering with the American Cancer Society (ACS) to recognize National Cancer Survivors Month in June. This initiative aims to raise awareness and donations to support cancer research, advocacy, and patient care. Throughout June, Xponential's brands, including Club Pilates, Pure Barre, StretchLab, CycleBar, YogaSix, Rumble Boxing, BFT, and AKT, will offer donation-based classes and co-branded retail items, with proceeds benefiting the ACS. They will also spread awareness through social media and blog content.
Xponential Fitness (NYSE: XPOF) announced the divestiture of its Row House brand to Extraordinary Brands.
According to Interim CEO Brenda Morris, this move will allow the company to focus on the core brands that align best with their portfolio.
Xponential Fitness assures a seamless transition for Row House franchisees and confirms that this divestiture will not significantly impact revenue or EBITDA for 2024.
The company’s 2024 financial guidance remains unchanged, but specific terms of the transaction have not been disclosed.
Xponential Fitness announced its management will participate in four major upcoming investor conferences. The company will engage in investor meetings at the 24th Annual B. Riley Securities Institutional Investor Conference on May 23, 2024, in Beverly Hills, CA, and at the 2nd Annual Morgan Stanley Travel & Leisure Conference on June 3, 2024, in New York, NY. Xponential Fitness will also present at the Baird 2024 Global Consumer, Technology & Services Conference on June 5, 2024, in New York, NY, and host a virtual fireside chat at the 4th Annual Evercore ISI Consumer and Retail Conference on June 12, 2024. Links to live presentations and replays will be available on the company’s investor relations website.
Xponential Fitness (NYSE: XPOF) has announced that Anthony Geisler has resigned as CEO. Brenda Morris will serve as Interim CEO while the Board searches for a permanent successor with the help of an executive search firm.
Despite the leadership change, Xponential Fitness has reported positive growth metrics, including an all-time high membership count of 796,000 in April, a 1.7% increase from March.
The company aims to ensure a smooth leadership transition and remains focused on its growth strategy, customer service, and franchisee support.
Xponential Fitness, Inc. (NYSE: XPOF) has appointed Brenda Morris as interim CEO, replacing Anthony Geisler who has been removed from his duties. The company discloses investigations by both the SEC and USAO, forming a Special Committee to investigate. The Board reaffirms its 2024 guidance and expresses confidence in Morris' leadership.
Xponential Fitness, Inc. (NYSE: XPOF) reported strong Q1 2024 financial results with a 12% revenue growth and 25% increase in North America sales. The company sold 173 franchise licenses, opened 111 new studios, and expects a full-year outlook of 550 new studio openings, $1.710 billion in system-wide sales, 8% revenue growth, and 31% growth in Adjusted EBITDA. Net loss decreased to $4.4 million, with an adjusted net income of $9.1 million and Adjusted EBITDA of $29.8 million. The company has $27.2 million in cash and $331.4 million in total long-term debt as of March 31, 2024. Xponential reaffirmed its 2024 guidance with expectations of gross new studio openings, North America system-wide sales, revenue, and Adjusted EBITDA growth.
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