IRVINE, Calif. - Xponential Fitness, Inc. (NYSE: XPOF), a major franchisor of health and wellness brands, announced the appointment of Jeffrey Lawrence to its Board of Directors on Monday. Lawrence, whose extensive experience includes leadership roles at Domino's Pizza (NYSE:DPZ) and FIGS, will join the Board's Audit Committee.
Mark Grabowski, Xponential's Chairman, expressed confidence in Lawrence's abilities, highlighting his financial expertise and successful track record in global franchise expansion. CEO Anthony Geisler also welcomed Lawrence, noting his valuable franchising and technology insights that will support the company's growth strategies.
Lawrence brings over 25 years of experience to the table, with a background in consumer retail and digital transformation. His previous roles include serving as Executive Vice President & CFO at Domino's Pizza, where he played a pivotal role in the brand's technological and global growth. He also has board experience with FIGS, Inc. and Shake Shack (NYSE: NYSE:SHAK), among others.
Xponential prides itself on its diverse portfolio of health and wellness franchise brands, which includes Club Pilates, CycleBar, and YogaSix. The company has a presence in 49 U.S. states and 22 countries, with a focus on providing accessible and personalized fitness experiences.
Lawrence's appointment comes as Xponential continues to expand its global footprint and enhance customer experiences. His expertise is expected to contribute to the company's ongoing initiatives to drive shareholder value.
This news is based on a press release statement and does not include any forward-looking statements or endorsements of claims. Xponential has not provided any additional comments on future performance or market trends.
InvestingPro Insights
As Xponential Fitness, Inc. (NYSE: XPOF) welcomes Jeffrey Lawrence to its board, the company's financial and market performance merits attention. According to InvestingPro data, XPOF's market cap stands at a robust $708.54M USD, indicating a significant presence in the health and wellness franchise sector.
The company's gross profit margins are particularly impressive, recorded at 69.69% for the last twelve months as of Q4 2023, underscoring efficient operations and cost management.
InvestingPro Tips reveal that XPOF's management has been actively buying back shares, a sign of confidence in the company's value and future prospects. Moreover, analysts predict that the company will be profitable this year, which aligns with the positive sentiment expressed by Xponential's Chairman and CEO regarding Lawrence's appointment and the company's growth strategies.
Investors should note that while XPOF's price has experienced a significant drop over the last year, with a -52.41% return, the stock has shown a strong rebound over the last three months, boasting a 22.4% return. The company's P/E ratio of 12.69 suggests that the stock is trading at a reasonable valuation relative to its near-term earnings growth.
With such metrics in mind, those interested in a deeper dive into Xponential Fitness's financial health can explore more InvestingPro Tips, with currently 9 additional tips available, which can be accessed at Investing.com/pro/XPOF. Don't forget to use coupon code PRONEWS24 to get an extra 10% off a yearly or biyearly Pro and Pro+ subscription.
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