Xponential Fitness rallies after co says SEC concludes probe without action

Xponential Fitness

02/07/2025 21:37

** Shares of Xponential Fitness XPOF.N rally 23.1% post-market to $9.18 after it says U.S. Securities and Exchange Commission concludes investigation without action

** California-based boutique fitness franchiser says in filing that SEC said on Jul 1 it concluded the probe, first disclosed in Dec 2023, after co provided the regulator with certain documents

** In May, co said CEO Mark King, who had previously served as Yum Brands-owned YUM.N Taco Bell chief, to retire due to health reasons

** King was named CEO in Jun 2024, a month after former CEO Anthony Geisler resigned and was removed and suspended by XPOF amid the SEC probe

** XPOF shares on Weds closed up 1.2% at $7.46. YTD, stock has shed 44.5%

** 5 of 9 analysts rate XPOF "strong buy" or "buy", rest rate "hold" and median PT is $13, LSEG data reflects

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))