XPOF - XPONENTIAL DEADLINE ALERT: Bragar Eagel & Squire P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against Xponential Fitness Inc. and Encourages Investors to Contact the Firm | Benzinga
NEW YORK, April 05, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, reminds investors that a class action lawsuit has been filed against Xponential Fitness, Inc. ("Xponential" or the "Company") (NYSE:XPOF) in the United States District Court for the Central District of California on behalf of all persons and entities who purchased or otherwise acquired Xponential publicly traded Class A common stock between July 26, 2021 and December 7, 2023, both dates inclusive (the "Class Period"). Investors have until April 9, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
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The Xponential class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Xponential had permanently closed at least 30 stores; (ii) Xponential's reported same-store sales ("SSS") and average unit volume ("AUV") metrics had been misstated by excluding underperforming stores; (iii) 8 out of 10 Xponential brands were losing money monthly; (iv) over 50% of Xponential studios did not make a positive financial return; (v) over 60% of Xponential's revenue was one-time and non-recurring; (vi) more than 100 of Xponential's franchises ...