Xponential Fitness Inc Stock Price, News & Analysis

Xponential Fitness, Inc. (NYSE: XPOF) has signed a Master Franchise Agreement for its indoor cycling brand CycleBar in Japan, aiming to open at least 30 studios over the next decade. This follows similar agreements in the UK and Mexico, expanding CycleBar's international reach. The first studio in Japan is expected to launch in 2023. Naoki Shimabukuro, CEO of Club Pilates Japan, will lead the initiative, leveraging his success with existing Club Pilates studios. The expansion capitalizes on Japan's growing interest in fitness.

Xponential Fitness (NYSE: XPOF) anticipates strong second quarter results for 2022, with operating highlights scheduled for release on August 11, 2022. The company reported the opening of 128 studios, bringing the total to 2,357 globally. Notably, total members surged 32% year-over-year to 539,000, while system-wide sales hit $250 million, a 45% increase compared to Q2 2021. Despite macroeconomic challenges, the company remains on track to meet or exceed its full-year guidance.

Xponential Fitness (NYSE: XPOF) has partnered with C4 Energy to enhance its fitness offerings at Row House and Rumble locations nationwide. C4 Energy, created by Nutrabolt, will provide its energy drinks to participants in these boutique fitness studios. Row House, known for its rowing workouts, and Rumble, dedicated to boxing and strength training, will incorporate C4 products to support their members' fitness journeys. This partnership signifies a strategic move for Xponential Fitness as it expands its B2B efforts, aiming to enrich the community experience and performance for fitness enthusiasts.

Xponential Fitness, Inc. (NYSE: XPOF) has appointed Jair Clarke as a new member of its Board of Directors, alongside his roles on the Audit and Human Capital Management Committees. With extensive experience from Microsoft, Disney, and IBM, Clarke's expertise in technology and business intelligence is expected to enhance the Company’s operations. Chairman Mark Grabowski and CEO Anthony Geisler expressed confidence in Clarke’s ability to guide Xponential's growth in the dynamic fitness industry.

Club Pilates, the world’s largest Pilates brand, has signed a Master Franchise Agreement in the UK, allowing for the opening of at least 50 studios over the next decade. This partnership, with franchisee Richard Uku, marks Xponential Fitness's first franchise agreement in the UK. Club Pilates aims to establish a national presence in the UK fitness market, where equipment-based Pilates remains a niche. The first studio is expected to open in 2023, further expanding Club Pilates’ international footprint following agreements in 11 other countries.

Xponential Fitness, Inc. (NYSE: XPOF), the largest global franchisor of boutique fitness brands, announced participation in several upcoming investor conferences. Key executives, including CEO Anthony Geisler, CFO John Meloun, and President Sarah Luna, will attend the Credit Suisse HALO Investment Summit on May 24, 2022, and the B. Riley Securities Institutional Investor Conference on May 26, 2022. Other conferences include the Baird Global Consumer Conference on June 6-8 and the Jefferies Consumer Conference on June 21-22. Presentations will be available on their investor relations website.

Xponential Fitness reported a remarkable 73% revenue growth to $50.4 million in Q1 2022 compared to Q1 2021. The company sold 260 franchise licenses and opened 99 new studios, reaching a total of 2,229 studios worldwide. Despite a net loss of $15.2 million ($1.51 per share), adjusted EBITDA soared to $14.5 million, a significant increase from $3.6 million in the previous year. The company reaffirms its 2022 outlook, anticipating 33% revenue growth and 81% increase in new studio openings.

Xponential Fitness, Inc. (NYSE: XPOF) reported a strong Q1 2022, with revenue increasing 73% to $50.4 million compared to Q1 2021. North America system-wide sales grew 70% to $224.5 million, alongside a 47% rise in same-store sales. Despite a net loss of $15.2 million (or $1.51 per share), the company opened 99 new studios and sold 260 franchise licenses. Xponential reaffirmed its full-year guidance, forecasting 81% growth in new openings and 33% growth in revenue.

Xponential Fitness has announced a groundbreaking Master Franchise Agreement in Mexico, marking its entry into the 14th country. The agreement allows the franchisee to develop at least 60 studios for brands like StretchLab, Rumble, and AKT over the next decade. With over 2,100 studios worldwide, Xponential aims to leverage Mexico's booming fitness market. The franchisee, Grupo ITISA, is recognized for its expertise in franchise development. This move is anticipated to enhance Xponential's international footprint.