NEW YORK,
Feb. 15,
2024 /PRNewswire/ -- The Gross Law Firm issues the
following notice to shareholders of Xponential Fitness,
Inc.
Shareholders who purchased shares of XPOF during
the class period listed are encouraged to contact the firm
regarding possible lead plaintiff appointment. Appointment as lead
plaintiff is not required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/xponential-fitness-loss-submission-form/?id=67036&from=4
CLASS PERIOD: July
26, 2021 to December 7,
2023
ALLEGATIONS: The complaint
alleges that during the class period, Defendants
issued materially false and/or misleading statements and/or failed
to disclose that: (a) Xponential had permanently closed at least 30
stores; (b) Xponential's reported SSS and AUV metrics had been
misstated by excluding underperforming stores; (c) 8 out of 10
Xponential brands were losing money monthly; (d) over 50% of
Xponential studios did not make a positive financial return; (e)
over 60% of Xponential's revenue was one-time and nonrecurring; (f)
more than 100 of the Company's franchises were for sale at a price
that is at least 75% less than their initial cost; (g) Xponential
had misled many of its franchisees into opening franchises by
misrepresenting the financial profile and profitability of its
studios, as well as the expected rate of return for new studio
openings; (h) many Xponential franchisees were substantially in
debt, suffering high attrition rates and running non-viable studios
that had no realistic path to profitability; and (i) based on the
foregoing, defendants lacked a reasonable factual basis for their
positive statements about Xponential's then-current business
operations and future financial prospects.
DEADLINE: April 9,
2024 Shareholders should not delay in registering for
this class action. Register your information here:
https://securitiesclasslaw.com/securities/xponential-fitness-loss-submission-form/?id=67036&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you
register as a shareholder who purchased shares of XPOF during the
timeframe listed above, you will be enrolled in a portfolio
monitoring software to provide you with status updates throughout
the lifecycle of the case. The deadline to seek to be a lead
plaintiff is April 9, 2024. There is
no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is
a nationally recognized class action law firm, and our mission is
to protect the rights of all investors who have suffered as a
result of deceit, fraud, and illegal business
practices. The Gross Law Firm is committed to ensuring that
companies adhere to responsible business practices and engage in
good corporate citizenship. The firm seeks recovery on behalf of
investors who incurred losses when false and/or misleading
statements or the omission of material information by a company
lead to artificial inflation of the company's stock. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE Gross Law Firm
