Welcome to our dedicated page for Xponential Fitness news (Ticker: XPOF), a resource for investors and traders seeking the latest updates and insights on Xponential Fitness stock.
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) has appointed Brenda Morris as interim CEO, replacing Anthony Geisler who has been removed from his duties. The company discloses investigations by both the SEC and USAO, forming a Special Committee to investigate. The Board reaffirms its 2024 guidance and expresses confidence in Morris' leadership.
Xponential Fitness, Inc. (NYSE: XPOF) reported strong Q1 2024 financial results with a 12% revenue growth and 25% increase in North America sales. The company sold 173 franchise licenses, opened 111 new studios, and expects a full-year outlook of 550 new studio openings, $1.710 billion in system-wide sales, 8% revenue growth, and 31% growth in Adjusted EBITDA. Net loss decreased to $4.4 million, with an adjusted net income of $9.1 million and Adjusted EBITDA of $29.8 million. The company has $27.2 million in cash and $331.4 million in total long-term debt as of March 31, 2024. Xponential reaffirmed its 2024 guidance with expectations of gross new studio openings, North America system-wide sales, revenue, and Adjusted EBITDA growth.
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