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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 (NYSE: XPOF) announced the divestiture of its Row House brand to Extraordinary Brands.
According to Interim CEO Brenda Morris, this move will allow the company to focus on the core brands that align best with their portfolio.
Xponential Fitness assures a seamless transition for Row House franchisees and confirms that this divestiture will not significantly impact revenue or EBITDA for 2024.
The company’s 2024 financial guidance remains unchanged, but specific terms of the transaction have not been disclosed.
Xponential Fitness announced its management will participate in four major upcoming investor conferences. The company will engage in investor meetings at the 24th Annual B. Riley Securities Institutional Investor Conference on May 23, 2024, in Beverly Hills, CA, and at the 2nd Annual Morgan Stanley Travel & Leisure Conference on June 3, 2024, in New York, NY. Xponential Fitness will also present at the Baird 2024 Global Consumer, Technology & Services Conference on June 5, 2024, in New York, NY, and host a virtual fireside chat at the 4th Annual Evercore ISI Consumer and Retail Conference on June 12, 2024. Links to live presentations and replays will be available on the company’s investor relations website.
Xponential Fitness (NYSE: XPOF) has announced that Anthony Geisler has resigned as CEO. Brenda Morris will serve as Interim CEO while the Board searches for a permanent successor with the help of an executive search firm.
Despite the leadership change, Xponential Fitness has reported positive growth metrics, including an all-time high membership count of 796,000 in April, a 1.7% increase from March.
The company aims to ensure a smooth leadership transition and remains focused on its growth strategy, customer service, and franchisee support.
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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