The boutique fitness and wellness franchisor sees massive potential in Lindora, its first foray into the GLP-1 weight-loss drug space.
The boutique fitness and wellness franchisor sees massive potential in Lindora, it’s first foray into the GLP-1 weight-loss drug space
Xponential Fitness, the boutique fitness and wellness franchisor overseeing ten brands, opened an average of one and a half new studios each day in 2023 — a feat founder and CEO Anthony Geisler said can continue this year on Thursday’s earnings call with investors.The leading health and wellness franchisor grew its full-year 2023 revenue by 30% to $318.7 million and grew its Q4 2023 revenue by 27% to $90.2 million, reporting strong growth despite a net loss of $9.1 million in Q4, resulting from restructuring costs from company-owned transition studios, lower overall profitability and an increase in impairment of goodwill and other assets.
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