Xponential Fitness Inc Stock Price, News & Analysis

Xponential Fitness, Inc. (NYSE: XPOF), the leading global franchisor of boutique fitness brands, will have CEO Anthony Geisler and CFO John Meloun participating in several upcoming investor conferences. Key events include the Raymond James Institutional Investors Conference on March 6, the ROTH Conference on March 13, the BofA Securities Consumer & Retail Conference on March 15, and the Citi Global Consumer Conference on March 16. Live presentations will be accessible on the Company's investor relations website, with replays available post-events. Xponential Fitness operates various fitness brands in 48 U.S. states and internationally.

Xponential Fitness, Inc. (NYSE: XPOF), the largest global franchisor of boutique fitness brands, has appointed Andrew Hagopian as its Chief Legal Officer, effective March 1, 2023. With over 17 years of legal experience, including roles at MGM Resorts and BetMGM, Hagopian brings extensive expertise in corporate governance and SEC compliance. CEO Anthony Geisler highlighted Hagopian's qualifications as aligning with the company's mission to enhance boutique fitness accessibility. Under his leadership, the company aims to further its growth across diverse fitness verticals, including Pilates and cycling, enhancing its franchise network and offerings.

Xponential Fitness, Inc. (NYSE: XPOF) announced the full exercise of the underwriters' option to purchase an additional 750,000 shares of Class A common stock at $24.50 per share. This follows a successful secondary offering, increasing total shares sold to 5,750,000. The sale was completed on February 17, 2023, under a shelf registration statement effective from February 3, 2023. BofA Securities and Jefferies served as joint book-running managers, with additional support from several other financial firms. The press release indicates that the offering complies with SEC regulations and does not constitute an offer to sell securities in jurisdictions where it would be unlawful.

Xponential Fitness (NYSE: XPOF), the largest global franchisor of boutique fitness brands, will release its Q4 and full year 2022 financial results on March 2, 2023, after market close. Management will hold a conference call on the same day at 1:30 PM PT / 4:30 PM ET to discuss the results. Interested participants can dial in or join via the company's Investor Relations website. A replay will be available until March 16, 2023. Xponential Fitness operates ten brands across the U.S. and internationally, focusing on making boutique fitness accessible through diverse offerings.

Xponential Fitness, Inc. (NYSE: XPOF), a leading franchisor of boutique fitness brands, has announced an underwritten public offering of 5,000,000 shares of its Class A common stock by certain existing stockholders, including affiliates of Snapdragon Capital Partners and Anthony Geisler. In addition, the selling stockholders may grant underwriters a 30-day option to purchase an additional 750,000 shares. Importantly, Xponential will not receive any proceeds from this offering. BofA Securities and Jefferies are acting as joint lead bookrunners for the offering, which is conducted under a registration statement effective since February 3, 2023.

Xponential Fitness, Inc. (NYSE: XPOF) has achieved a significant milestone, with six of its ten brands making it onto Entrepreneur’s 2023 Franchise 500® list. This is the first time more than half of its portfolio has been recognized. The brands include Club Pilates, Pure Barre, CycleBar, and StretchLab, while Row House and YogaSix debuted on the list. Xponential Fitness opened 511 studios globally in 2022 and sold over 1,000 franchise licenses. The company continues to lead in the boutique fitness industry, highlighting its strong growth and unit performance.

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 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.