Xponential Fitness, Inc.
Company Name | Xponential Fitness, Inc. |
Stock Symbol | XPOF |
Class Period | July 20, 2021 to May 10, 2024 |
Lead Plaintiff Motion Deadline | April 09, 2024 |
On May 10, 2024, the Company revealed that it was under investigation by the U.S. Attorney’s Office for the Central District of California, in addition to the ongoing investigation by the U.S. Securities and Exchange Commission. These investigations follow reports in 2023 that Xponential is “hiding the fact that many of [its] brands and franchisees are struggling.” Citing franchise documents, these reports stated that 8 out of every 10 Xponential brands are losing money monthly, with over half of Xponential studios never making a positive financial return.
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