Xponential Fitness, Inc. reports developments as a franchisor of boutique health and wellness brands operating a platform across Pilates, barre, stretching, strength training and yoga. Its brand portfolio includes Club Pilates, StretchLab, YogaSix, Pure Barre and BFT, with franchise, master franchise and international expansion agreements supporting studio locations in the United States and other markets.
Recurring news themes include quarterly financial results, system-wide sales, franchise revenue, studio openings, franchise license sales and changes in the brand portfolio following completed divestitures. Company updates also cover governance changes, investor presentations and regulatory matters connected to franchising disclosure practices.
Xponential Fitness, Inc. (NYSE: XPOF) reported strong operating metrics for 2022, surpassing 2,600 open studios and achieving system-wide sales of $1.03 billion, a 46% increase from 2021. The company anticipates meeting or exceeding its 2022 outlook, expecting revenue between $235.0 million and $240.0 million, a 53% rise at mid-point. Additionally, XPOF announced a repurchase of 85,340 shares of Convertible Preferred Stock for $131.0 million, funded through $130.0 million in term loans and available cash.
Xponential Fitness (NYSE:XPOF) announces a partnership with Ice Shaker, designating Ice Shaker as the official shaker bottle of XPASS. This collaboration features a promotional offer where new XPASS members can receive a limited edition autographed Ice Shaker bottle by Rob Gronkowski. The promotion runs from December 23, 2022, at 3 PM PST, while supplies last. Following the promotion, the bottles will be available for purchase at exclusive discounts starting February 2023. XPASS provides access to over 2,200 fitness studios across the U.S., enhancing member fitness experiences.
Xponential Fitness, Inc. (NYSE: XPOF) has signed a Master Franchise Agreement in location value="LC/jp"Japan with Wellness X Asia, its existing franchise partner, to expand the development of four fitness brands: Rumble, AKT, Club Pilates, and CycleBar. The agreement allows the licensing of at least 100 new studios over the next 8 years. With 14 Club Pilates studios open and a first CycleBar studio set for early 2023, Xponential aims to capitalize on Japan's growing demand for boutique fitness.
Xponential Fitness, Inc. (NYSE: XPOF) partners with Aktiv Solutions to launch the first functionally-inspired Xponential+ training spaces across hotels, universities, and corporate campuses. This innovative collaboration aims to enhance exercise experiences by integrating Aktiv's Gym Rax® equipment with Xponential's on-demand boutique fitness classes. The partnership targets a substantial addressable market, including over six million facilities, and presents Xponential an opportunity to broaden its reach and brand awareness. The new fitness spaces are set to debut in early 2023.
Xponential Fitness, Inc. (NYSE: XPOF) reported a 56% revenue growth to $63.8 million for Q3 2022 compared to Q3 2021. The company’s North America system-wide sales also rose 37% to $264.8 million, with a 17% increase in same-store sales. Despite this growth, Xponential reported a net loss of $13.1 million or $1.53 per share. Adjusted EBITDA rose significantly to $20 million from $6.8 million year-over-year. Looking ahead, the company has raised its full-year 2022 revenue and Adjusted EBITDA guidance.
Xponential Fitness (NYSE: XPOF) has signed a Master Franchise Agreement in Portugal for its Club Pilates brand. This venture allows the franchisee to open at least 20 studios over a decade. Currently, Club Pilates operates six studios in Spain and has agreements for expansion in the UK and Germany. The European fitness industry, valued at over $30 billion annually, presents significant growth potential. Research indicates the Pilates and yoga studio market could reach $49.4 million by 2027, growing at a CAGR of 13.05% from 2021.
Xponential Fitness, Inc. (NYSE: XPOF) will announce its third quarter 2022 financial results on November 10, 2022, after market close. A conference call to discuss these results will occur at 1:30 p.m. PT / 4:30 p.m. ET. Callers can join by dialling (877) 407-9716 and using conference ID 13732449. The event will also be available via live webcast on Xponential's Investor Relations website. For those unable to attend live, a replay will be accessible until November 24, 2022.
Xponential Fitness has announced the inaugural opening of Body Fit Training (BFT) in Toronto, Canada, marking BFT's entry into the North American fitness market. The brand, acquired by org value="NYSE:XPOF"Xponential Fitness, already boasts over 200 studios across countries including Australia and the UK, with over 500 locations globally. The fitness concept offers 50-minute group strength training led by accredited coaches, emphasizing functional fitness. BFT plans further expansion across the U.S., with agreements signed for new studios in major cities.
Xponential Fitness (NYSE: XPOF) has signed a Master Franchise Agreement with Kuwait Real Estate Company, Aqarat, to open at least eight boutique fitness studios in Kuwait over the next decade. Notable brands involved include Rumble, Club Pilates, StretchLab, and CycleBar. The fitness industry in Kuwait is valued at nearly $240 million and is experiencing rapid growth. This agreement marks Xponential's expansion beyond North America, as it continues to diversify its brand presence in 15 countries worldwide.
Xponential Fitness (NYSE: XPOF), the largest global boutique fitness franchisor, announced charitable initiatives aimed at supporting health and wellness causes. With over 2,000 studios, Xponential is contributing to local communities through various October and November initiatives, including support for Miracles for Kids, which aids families with critically ill children. The company also promotes wellness through donation-based classes and fundraising across its brands, aligning with Breast Cancer Awareness Month and National Gratitude Month.