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Xponential Fitness, Inc. (NYSE:XPOF) (the "Company" or "Xponential Fitness"), one of the leading global franchisors of boutique health and wellness brands, today announced it has completed the divestiture of its brand Row House to Extraordinary Brands.
"The divestiture of Row House will further allow us to prioritize our time and resources on the brands that best fit our portfolio," said Brenda Morris, Interim CEO of Xponential Fitness. "We look forward to continuing to provide a high-level of support for our franchisees as we execute against our strategic growth drivers."
Xponential will work closely with Extraordinary Brands to ensure a seamless transition experience for Row House franchisees. The divestiture of Row House is not expected to materially impact revenue or EBITDA in 2024, and 2024 guidance remains unchanged. Terms of the transaction were not disclosed.
Posted In: XPOF
