Xponential Fitness, Inc. - XPOF STOCK NEWS

Xponential Fitness, Inc. (NYSE:XPOF) has launched its digital platform, Xponential+, on LG Electronics Smart TVs, making premium workout classes accessible in over 250 countries. The platform, which aims to democratize boutique fitness, offers live and on-demand classes from various brands like Club Pilates and CycleBar. Users can enjoy a wide variety of workouts, including strength training and yoga, for a cost comparable to a single studio class. This strategic partnership enhances LG's content offerings and expands Xponential’s market reach, promoting user engagement through immersive fitness experiences. Since its inception in May 2022, Xponential+ has gained recognition for providing authentic studio classes anytime, anywhere, furthering the company's mission to enhance fitness accessibility.

Snapdragon Capital Partners has invested over $30 million in Spartan Fitness Holdings, Inc., a leading boutique fitness platform and the largest franchise owner of Club Pilates. This investment aims to support Spartan's expansion of Club Pilates and the acquisition of additional health and wellness concepts. Since launching in March 2019, Spartan has expanded to 60 studios across several states, including Texas and Florida, and has plans for further growth with 40 area development rights. The partnership with Snapdragon, which began in June 2021, has seen rapid growth from 6 to 60 studios, with future expansion into the wellness spa sector with Hand & Stone and V/O Med Spa.

Xponential Fitness, Inc. (NYSE: XPOF) reported impressive financial results for Q4 and the full year of 2022. Q4 revenue surged 44% to $71.3 million, while full-year revenue increased 58% to $245.0 million. North America system-wide sales also grew significantly, jumping 38% in Q4 and 46% for the full year. Despite posting a net loss of $0.4 million in Q4, a notable improvement from a $29.8 million loss the previous year, adjusted net income reached $6.8 million. The company anticipates continued growth for 2023, projecting an 8% rise in new studio openings and an 18% increase in revenue.

Xponential Fitness, Inc. (NYSE: XPOF), the leading global franchisor of boutique fitness brands, will have CEO Anthony Geisler and CFO John Meloun participating in several upcoming investor conferences. Key events include the Raymond James Institutional Investors Conference on March 6, the ROTH Conference on March 13, the BofA Securities Consumer & Retail Conference on March 15, and the Citi Global Consumer Conference on March 16. Live presentations will be accessible on the Company's investor relations website, with replays available post-events. Xponential Fitness operates various fitness brands in 48 U.S. states and internationally.

Xponential Fitness, Inc. (NYSE: XPOF), the largest global franchisor of boutique fitness brands, has appointed Andrew Hagopian as its Chief Legal Officer, effective March 1, 2023. With over 17 years of legal experience, including roles at MGM Resorts and BetMGM, Hagopian brings extensive expertise in corporate governance and SEC compliance. CEO Anthony Geisler highlighted Hagopian's qualifications as aligning with the company's mission to enhance boutique fitness accessibility. Under his leadership, the company aims to further its growth across diverse fitness verticals, including Pilates and cycling, enhancing its franchise network and offerings.

Xponential Fitness, Inc. (NYSE: XPOF) announced the full exercise of the underwriters' option to purchase an additional 750,000 shares of Class A common stock at $24.50 per share. This follows a successful secondary offering, increasing total shares sold to 5,750,000. The sale was completed on February 17, 2023, under a shelf registration statement effective from February 3, 2023. BofA Securities and Jefferies served as joint book-running managers, with additional support from several other financial firms. The press release indicates that the offering complies with SEC regulations and does not constitute an offer to sell securities in jurisdictions where it would be unlawful.

Xponential Fitness (NYSE: XPOF), the largest global franchisor of boutique fitness brands, will release its Q4 and full year 2022 financial results on March 2, 2023, after market close. Management will hold a conference call on the same day at 1:30 PM PT / 4:30 PM ET to discuss the results. Interested participants can dial in or join via the company's Investor Relations website. A replay will be available until March 16, 2023. Xponential Fitness operates ten brands across the U.S. and internationally, focusing on making boutique fitness accessible through diverse offerings.

Xponential Fitness, Inc. (NYSE: XPOF), a leading franchisor of boutique fitness brands, has announced an underwritten public offering of 5,000,000 shares of its Class A common stock by certain existing stockholders, including affiliates of Snapdragon Capital Partners and Anthony Geisler. In addition, the selling stockholders may grant underwriters a 30-day option to purchase an additional 750,000 shares. Importantly, Xponential will not receive any proceeds from this offering. BofA Securities and Jefferies are acting as joint lead bookrunners for the offering, which is conducted under a registration statement effective since February 3, 2023.

Xponential Fitness, Inc. (NYSE: XPOF) has achieved a significant milestone, with six of its ten brands making it onto Entrepreneur’s 2023 Franchise 500® list. This is the first time more than half of its portfolio has been recognized. The brands include Club Pilates, Pure Barre, CycleBar, and StretchLab, while Row House and YogaSix debuted on the list. Xponential Fitness opened 511 studios globally in 2022 and sold over 1,000 franchise licenses. The company continues to lead in the boutique fitness industry, highlighting its strong growth and unit performance.