Why Xponential Fitness Stock Dropped This Week
Week to date, shares of Xponential Fitness (NYSE: XPOF) were down 13% through Thursday's market close, according to data provided by S&P Global Market Intelligence.
The boutique fitness franchisor updated investors on its long-term growth targets this week. By 2026, the company expects to reach $2.33 billion in systemwide sales with revenue of $405 million. This includes opening 500 new studios. The company also announced a new partnership with Gympass, a leading corporate well-being platform.
The company has been enjoying tremendous momentum in recent years, but the growth suggested for the next few years was apparently not enough to please the market.
Source Fool.com
