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. (XPOF) operates a leading portfolio of boutique fitness brands through its innovative franchise model, offering specialized workouts from pilates to indoor cycling. This page serves as the definitive source for tracking the company's latest developments and financial updates.
Investors and industry observers will find timely press releases, earnings announcements, and strategic partnership updates. Our curated collection includes essential information on franchise expansions, new brand launches, and operational milestones that shape XPOF's market position.
Key content categories include quarterly financial results, leadership updates, and innovations across its fitness concepts. All materials are sourced directly from official company communications to ensure accuracy and compliance with disclosure standards.
Bookmark this page for streamlined access to Xponential Fitness's evolving story in the competitive boutique fitness sector. Check back regularly to stay informed about developments impacting the company's growth trajectory and industry influence.
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.
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.
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