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Stock impact report

Xponential Fitness, Inc. (NYSE: XPOF) Investor Alert Update: Schubert Jonckheer & Kolbe LLP Investigating Possible Shareholder Claims for False Statements and Insider Trading Amid Several ...

Xponential Fitness, Inc. Class A (XPOF) 
Company Research Source: PR Newswire
SAN FRANCISCO, Nov. 20, 2024 /PRNewswire/ -- Schubert Jonckheer & Kolbe LLP advises Xponential Fitness, Inc. investors that the firm is investigating potential legal claims relating to significant insider trading and possible false statements about franchisee performance and revenue growth. Current shareholders are encouraged to contact the firm.Xponential is one of the largest global franchisors of boutique fitness brands. At relevant times, the company touted its business prospects based on the strength of its franchisees' revenue growth. A short-seller analyst report later exposed these statements as inaccurate because Xponential concealed that over 50% of its studios did not earn a positive financial return, nearly all of its brands were losing money monthly, it had permanently closed down at least thirty locations, many of its franchises were listed for sale at a fraction of their purchase prices, and by misstating key performance metrics. During this period, company insiders sol Show less Read more
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