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. (XPOF) reported significant growth in Q2 2021, achieving a 67% increase in revenue to $35.8 million compared to Q2 2020. System-wide sales surged 179% to $171.6 million, with same store sales up 129%. Despite a net loss of $8 million, improved Adjusted EBITDA reached $8.3 million. The company opened 59 new studios and sold 197 North American franchise licenses. Looking ahead, Xponential anticipates revenue of $135.5 million to $137 million for the year, driven by strategic expansion.
Xponential Fitness, Inc. (NYSE: XPOF) announced that underwriters from its IPO have exercised part of their option to purchase an additional 904,000 shares, raising approximately $10.1 million after deductions. The company plans to use $9.0 million to buy 750,000 LLC Units from its CEO, with the remainder allocated for working capital. The shares are expected to be delivered around August 24, 2021. BofA Securities, Jefferies, and Morgan Stanley serve as lead bookrunners.
Xponential Fitness, Inc. (NYSE: XPOF) will release its second quarter 2021 financial results on August 24, 2021, after market close. A conference call to discuss the results will take place at 1:30 p.m. PT / 4:30 p.m. ET on the same day. Participants can dial (877) 407-9716 for U.S. access or +1 (201) 493-6779 internationally, using conference ID 13722134. A live webcast will be available on their website. A replay will be accessible from August 24 until September 7, 2021. Xponential Fitness offers a diverse platform of nine boutique fitness brands.
Xponential Fitness, Inc. has announced its initial public offering (IPO) of 10,000,000 shares of Class A common stock priced at $12.00 per share. Trading on the New York Stock Exchange under the symbol 'XPOF' is set to begin on July 23, 2021, with the offering expected to close on July 27, 2021. The underwriters also have a 30-day option to purchase an additional 1,500,000 shares. BofA Securities, Jefferies, and Morgan Stanley are the joint lead bookrunners for this offering.