NYSE: XPOF

Xponential Fitness, Inc.

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of Class A common stock of Xponential Fitness, Inc. (NYSE: XPOF) between July 26, 2021 and December 7, 2023, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 9, 2024.

If you purchased Xponential securities during the Class Period and would like to join the action, please click “Join This Class Action.”

Class Period:July 26, 2021 through December 7, 2023

Deadline:

46 Days
If you purchased Xponential securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that:

  • Xponential had permanently closed at least 30 stores;
  • Xponential’s reported same-store sales and average unit volume metrics had been misstated by excluding underperforming stores;
  • 8 out of 10 Xponential brands were losing money monthly;
  • over 50% of Xponential studios did not make a positive financial return;
  • over 60% of Xponential’s revenue was one-time and non-recurring;
  • more than 100 of Xponential’s franchises were for sale at a price that is at least 75% less than their initial cost;
  • 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;
  • many Xponential franchisees were substantially in debt, suffering high attrition rates and running non-viable studios that had no realistic path to profitability; and
  • 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.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Company Name: Xponential Fitness, Inc.
Stock Symbol: XPOF
Class Period: July 26, 2021 through December 7, 2023
Court: United States District Court for the Central District of California

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The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

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The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

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