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 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.
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Xponential Fitness (NYSE: XPOF), the leading global franchisor of boutique fitness brands, will unveil its Q1 2022 financial results on May 12, 2022, after market close. A conference call is scheduled for 1:30 p.m. PT / 4:30 p.m. ET to discuss these results. Investors can dial in or join via the company's website for a live broadcast. A replay will be available post-event until May 26, 2022. The company operates a diverse platform of ten fitness brands across the U.S. and internationally, emphasizing accessible and personalized workout experiences.
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.