Xponential Fitness, Inc. Announces Divestiture of Row House
21 Maio 2024 - 10:00AM
Business Wire
Xponential Fitness, Inc. (NYSE: XPOF) (the “Company” or
“Xponential Fitness”), one of the leading global franchisors of
boutique health and wellness brands, today announced it has
completed the divestiture of its brand Row House to Extraordinary
Brands.
“The divestiture of Row House will further allow us to
prioritize our time and resources on the brands that best fit our
portfolio,” said Brenda Morris, Interim CEO of Xponential Fitness.
“We look forward to continuing to provide a high-level of support
for our franchisees as we execute against our strategic growth
drivers.”
Xponential will work closely with Extraordinary Brands to ensure
a seamless transition experience for Row House franchisees. The
divestiture of Row House is not expected to materially impact
revenue or EBITDA in 2024, and 2024 guidance remains unchanged.
Terms of the transaction were not disclosed.
About Xponential Fitness, Inc.
Xponential Fitness, Inc. (NYSE: XPOF) is one of the leading
global franchisors of boutique health and wellness brands. Through
its mission to make health and wellness accessible to everyone, the
Company operates a diversified platform of ten brands spanning
across verticals including Pilates, indoor cycling, barre,
stretching, rowing, dancing, boxing, strength training, metabolic
health, and yoga. In partnership with its franchisees, Xponential
offers energetic, accessible, and personalized workout experiences
led by highly qualified instructors in studio locations throughout
the U.S. and internationally, with franchise, master franchise and
international expansion agreements in 49 U.S. states and 22
additional countries. Xponential’s portfolio of brands includes
Club Pilates, the largest Pilates brand in the United States;
CycleBar, the largest indoor cycling brand in the United States;
StretchLab, the largest assisted stretching brand in the United
States offering one-on-one and group stretching services; AKT, a
dance-based cardio workout combining toning, interval and circuit
training; YogaSix, the largest yoga brand in the United States;
Pure Barre, a total body workout that uses the ballet barre to
perform small isometric movements, and the largest Barre brand in
the United States; Rumble, a boxing-inspired full body workout;
BFT, a functional training and strength-based program; and Lindora,
a leading provider of medically guided wellness and metabolic
health solutions. For more information, please visit the Company’s
website at xponential.com.
Forward-Looking Statements
This press release contains forward-looking statements that are
based on current expectations, estimates, forecasts and projections
of future performance based on management’s judgment, beliefs,
current trends, and anticipated financial performance. These
forward-looking statements include, without limitation, statements
relating to divestiture of the Row House brand and expected
business and financial benefits resulting from the divestiture.
Forward-looking statements involve risks and uncertainties that may
cause actual results to differ materially from those contained in
the forward-looking statements. These factors include, but are not
limited to, our relationships with master franchisees, franchisees
and international partners; difficulties and challenges in opening
studios by franchisees; the ability of franchisees to generate
sufficient revenues; risks relating to expansion into international
markets; loss of reputation and brand awareness; general economic
conditions and industry trends; and other risks as described in our
SEC filings, including our Annual Report on Form 10-K for the full
year ended December 31, 2023 filed by Xponential with the SEC and
other periodic reports filed with the SEC. Other unknown or
unpredictable factors or underlying assumptions subsequently
proving to be incorrect could cause actual results to differ
materially from those in the forward-looking statements. Although
we believe that the expectations reflected in the forward-looking
statements are reasonable, we cannot guarantee future results,
level of activity, performance, or achievements. You should not
place undue reliance on these forward-looking statements. All
information provided in this press release is as of today’s date,
unless otherwise stated, and Xponential undertakes no duty to
update such information, except as required under applicable
law.
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