XPOF - Kirby McInerney LLP Reminds Xponential Fitness Inc. (XPOF) Investors of Class Action Filing and Encourages Investors to Contact the Firm | Benzinga

NEW YORK, Feb. 19, 2024 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Central District of California on behalf of those who acquired Xponential Fitness, Inc. ("Xponential" or the "Company") (NYSE:XPOF) securities during the period of July 26, 2021 to December 7, 2023 inclusive ("the Class Period"). Investors have until April 9, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

[Click here to learn more about the class action]

On June 26, 2023, Fuzzy Panda published a report on Xponential, which, among other things, represented that: (i) CEO Anthony Geisler, has a long history of misleading investors; (ii) Xponential issued a series of misleading statements about its store closures and the overall financial health of its franchisee base; (iii) more than 50% of Xponential's studios have never made a positive financial return; (iv) more than 100 of Xponential's franchises are priced for sale at least 75% less than their initial cost; (v) 8 out of 10 Xponential brands are losing money monthly; (vi) Xponential's publicly reported same-store sales ...

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