Xponential Fitness Faces Multiple Class Action Lawsuits

Investors allege misleading statements and financial mismanagement led to significant losses.

Multiple law firms have filed class action lawsuits against Xponential Fitness, alleging violations of federal securities laws.
Investors claim they were misled by false statements regarding store closures, financial returns, and franchise profitability.
Reports suggest that over 50% of Xponential studios never achieve a positive financial return, with many franchises for sale at significant losses.
Former business partners and employees describe a 'financial nightmare,' with aggressive management tactics by CEO Anthony Geisler.
Investors have until April 9, 2024, to seek appointment as lead plaintiff in the lawsuits.