ATLANTA, Feb. 12, 2024 (Globe Newswire) — Holzer & Holzer, LLC announces that a shareholder class action lawsuit has been filed against Xponential Fitness, Inc. (“Xponential Fitness” or the “Company”). Notify Home (NYSE: XPOF). The complaint alleges that the defendants made materially false and misleading statements and/or failed to disclose material adverse information, including: (a) Xponential Fitness has permanently closed at least 30 stores; (b) her SSS and AUV metrics reported by the Company were misstated by excluding underperforming stores; (c) 8 out of 10 of his companies under the Xponential Fitness brand were losing money every month. (d) more than 50% of Xponential Fitness studios do not have positive financial returns; (e) 60% or more of our revenue is temporary and non-recurring; (f) more than 100 of our franchises were sold for at least 75% less than their initial costs; (g) that Xponential Fitness deceived a number of its franchisees into opening franchises by misrepresenting the financial condition and profitability of its studios and the expected rate of return for opening new studios; (h) many of Xponential Fitness’ franchisees operate unviable studios that are heavily indebted, suffer from high turnover rates and have no realistic path to profitability;
If you purchased Xponential Fitness stock in July 26, 2021 and December 7, 2023, If you have suffered a significant loss on your investment, we encourage you to contact your Corey Holzer representative to discuss your legal rights. [email protected], toll-free (888)-508-6832, or visit our website. www.holzerlaw.com/case/xponential-fitness/ You can learn more.
The deadline to ask the court to appoint you as lead plaintiff in this case is April 9, 2024.
Holzer & Holzer, LLC, ISS’s top-rated securities litigation law firm in 2021 and 2022, provides vigorous representation of shareholders and investors in litigation across the country, including shareholder class actions and representative actions. is dedicated to. Since our founding in 2000, Holzer & Holzer’s attorneys have played a critical role in recovering hundreds of millions of dollars from shareholders affected by fraud and other corporate misconduct. Further information about the Company is available through its website at www.holzerlaw.com or upon request from the Company. Holzer & Holzer, LLC paid for the distribution of this promotional information and Corey Holzer is the attorney responsible for its content.
contact:
Corey Holzer, Esq.
(888) 508-6832 (toll free)
[email protected]
