Xponential Fitness Announces Divestiture Of Row House; 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
Portfolio Pulse from Benzinga Newsdesk
Xponential Fitness (NYSE:XPOF) has announced the divestiture of its brand Row House to Extraordinary Brands. The company stated that this move will not materially impact its revenue or EBITDA in 2024, and its 2024 guidance remains unchanged. The terms of the transaction were not disclosed.
May 21, 2024 | 1:33 pm
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Xponential Fitness has divested its brand Row House to Extraordinary Brands. The company expects no material impact on its revenue or EBITDA in 2024, and its 2024 guidance remains unchanged.
The divestiture of Row House is not expected to materially impact Xponential Fitness's revenue or EBITDA in 2024, and the company's 2024 guidance remains unchanged. This suggests a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100