Philadelphia, Pennsylvania--(Newsfile Corp. - July 18, 2023) - Berger Montague is currently investigating potential violations of the federal securities laws on behalf of shareholders of Xponential Fitness, Inc. ("Xponential" or the "Company") (NYSE: XPOF).
Xponential, through its subsidiaries, operates as a boutique fitness franchisor in North America. The Company offers pilates, indoor cycling, barre, stretching, rowing, dancing, boxing, running, functional training, and yoga services under the Club Pilates, Pure Barre, CycleBar, StretchLab, Row House, YogaSix, Rumble, AKT, Stride, and BFT brands.
On June 27, 2023, Fuzzy Panda Research ("Fuzzy Panda") issued a report that Xponential was hiding losses at its brands and stores. Fuzzy Panda claimed Xponential had misled investors and that more than 50% of the Company's fitness studios did not make a positive financial return, while eight out of ten brands were losing money monthly.
Following this news, shares of Xponential fell $9.37, or 37%, to close at $15.72 on June 27, 2023.
If you are an Xponential investor and would like to learn more about our investigation, please contact Berger Montague: James Maro at jmaro@bm.net or (267) 637-3176, or Andrew Abramowitz at aabramowitz@bm.net or (215) 875-3015 or visit:
https://investigations.bergermontague.com/xponential-fitness/.
Berger Montague, with offices in Philadelphia, Minneapolis, Washington, D.C., San Diego, San Francisco, Chicago, and Toronto has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States.
Contacts:
James Maro, Senior Counsel
Berger Montague
(267) 637-3176
jmaro@bm.net
Andrew Abramowitz, Senior Counsel
Berger Montague
(215) 875-3015
aabramowitz@bm.net
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/173864
