Xponential Fitness (XPOF) Securities Lawsuit Investigation

On June 26, 2023, Fuzzy Panda Research published a report alleging, among other things, that Xponential Fitness, Inc. (NYSE: XPOF) has misrepresented its financial health by excluding underperforming stores from key metrics and lying about the number of stores it has permanently closed. 

Following this news, Xponential’s stock price dropped by over 37% on Tuesday, June 27, 2023, causing significant harm to investors. 

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Why is Xponential (NYSE: XPOF) stock dropping?

On Monday, June 26, 2023, Fuzzy Panda Research published a report accusing global fitness brand franchisor, Xponential Fitness, of “hiding the fact that many of their brands and franchisees are struggling.” According to the report, “over 50% of XPOF studios never make a positive financial return,” and despite claims from its CEO that it has “never closed a store,” it actually has permanently closed 30 stores. Xponential also allegedly makes up financial metrics by excluding underperfoming stores from certain financial calculations, as claimed in the report.

Fuzzy Panda report accuses Xponential CEO, Anthony Geisler, of misleading investors and illegal practices

The Fuzzy Panda Research report further alleges that Xponential Fitness founder and CEO, Anthony Geisler, has a long history of engaging in illegal business practices such as embezzling marketing funds, committing labor violations, and charging franchisees undisclosed fees. Fuzzy Panda interviewed a number of former business partners, employees, and franchisees of Geisler, with one anonymous source asserting the Geisler is a “crook” who has perpetrated “so many scams.” 

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