Xponential Fitness Inc Stock Price, News & Analysis

Xponential Fitness (NYSE: XPOF) has announced a partnership with lululemon to create original fitness programming for MIRROR, a smart home gym. This collaboration features workouts from four Xponential brands: AKT, Pure Barre, Rumble, and YogaSix, launching this fall. The partnership aims to enhance the MIRROR’s workout library and increase brand awareness while complementing Xponential's existing Xponential+ digital platform offerings. With a focus on making boutique fitness accessible, Xponential operates across 48 U.S. states and internationally.

Xponential Fitness (NYSE: XPOF) launches a new digital platform, Xponential+, offering live and on-demand access to over 3,000 workouts across various fitness modalities for $29.99 per month. The app includes classes from ten boutique fitness brands, enhancing personalized hybrid experiences by allowing users to preview local studio offerings. With over 60 new classes added weekly, Xponential+ aims to provide accessible fitness solutions globally, currently available in 175 countries.

Xponential Fitness, Inc. (NYSE: XPOF) announced an underwritten public offering of 4.5 million shares of Class A common stock at $20.00 per share, primarily by existing stockholders, including affiliates of Snapdragon Capital Partners. The underwriters have a 30-day option to purchase an additional 675,000 shares. The offering is set to close on April 11, 2022. Importantly, Xponential Fitness will not receive any proceeds from this sale. BofA Securities and Jefferies are acting as joint book-running managers for this offering.

Xponential Fitness, Inc. (NYSE: XPOF) has initiated an underwritten public offering of 4,500,000 shares of its Class A common stock by existing stockholders, notably affiliates of Snapdragon Capital Partners. Additionally, the underwriters may purchase up to 675,000 additional shares. Xponential will not receive proceeds from this offering. BofA Securities and Jefferies are the joint lead bookrunners. A registration statement related to this offering has been filed with the SEC but is not yet effective, meaning the sale of these securities is not currently permitted.

Xponential Fitness, Inc. (NYSE: XPOF) will host its first Annual Shareholder Meeting on May 11, 2022, at its headquarters in Irvine, CA, starting at 10:00 a.m. PT. In-person attendees can join a reception from 9:00 a.m. to 10:00 a.m. PT and tour the company's facilities. Shareholders registered by April 1, 2022, can participate, with RSVP due by April 20, 2022. The event aims to enhance shareholder engagement and provide an opportunity to meet key executives, including CEO Anthony Geisler.

Xponential Fitness, Inc. (NYSE: XPOF) will participate in the 34th Annual Roth Conference from March 13-15, 2022, at the Ritz Carlton Hotel, Dana Point, CA. CEO Anthony Geisler, CFO John Meloun, and President Sarah Luna will meet with investors and present on March 14 at 11:30 am PT, accessible via live webcast. The company is partnering with Roth Capital Partners to support the Challenged Athletes Foundation, hosting fundraising events throughout the conference.

Xponential Fitness (NYSE: XPOF) reported a significant growth in Q4 2021, with revenues up 78% to $49.4 million and North American system-wide sales increasing by 76% to $213 million compared to Q4 2020.

For the full year 2021, revenue rose 45% to $155.1 million, despite a net loss of $51.4 million ($2.85 per share). The company anticipates robust growth in 2022, projecting 81% more new studio openings and a 33% increase in revenue, alongside a notable 153% growth in Adjusted EBITDA.

Xponential Fitness (NYSE: XPOF) has launched XPASS, a cross-brand subscription service providing access to thousands of classes across its nearly 2,000 studios nationwide. Subscribers can discover and book classes based on their preferences, with flexible options ranging from $19 to $249 monthly for 1 to 20 classes. Danyal Ali has been appointed President of XPASS, bringing extensive experience from Groupon and Gympass. This rollout follows successful testing in select markets, aiming to enhance consumer flexibility in boutique fitness offerings.

Xponential Fitness, Inc. (NYSE: XPOF), the largest global franchisor of boutique fitness brands, announced participation in upcoming investor conferences. Key executives, including CEO Anthony Geisler, CFO John Meloun, and President Sarah Luna, will present at the Raymond James 43rd Annual Institutional Investors Conference on March 7, 2022, at 2:15 p.m. ET in Orlando, FL, and at the Bank of America Securities 2022 Consumer and Retail Technology Conference on March 8, 2022, at 2:40 p.m. ET in New York, NY. Live broadcasts and replays will be available on the company's Investor Relations webpage.