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Search resuls for: "Anthony Geisler"


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Shares of Xponential Fitness , the parent company of CycleBar and Pure Barre fitness studios, bounced around in trading Monday after the company announced late Friday that CEO Anthony Geisler would be suspended indefinitely and would become an inactive member of the board. Xponential Fitness, which owns more than 3,000 boutique fitness and wellness studios globally, also said it received notice last week of a probe by the U.S. Attorney's Office for the Central District of California. Piper Sandler maintains a hold rating on Xponential Fitness stock, but lowered its price target to $9 from $12. Xponential Fitness' leadership had previously disclosed an SEC investigation in December, which alleged that the company provided false and/or misleading information to investors, including unit volume metrics and franchise closures. "The Company intends to continue cooperating with the SEC and intends to cooperate with the USAO," Xponential Fitness said in a press release announcing the executive changes.
Persons: Anthony Geisler, Brenda Morris, Korinne Wolfmeyer, Piper Sandler Organizations: U.S, Attorney's, Central, Central District of, SEC, Fitness Locations: CycleBar, Barre, Central District, Central District of California
Xponential Fitness CEO Anthony Geisler sits down with Jim Cramer to talk quarterly earnings resultsXponential Fitness CEO Anthony Geisler joins 'Mad Money' host Jim Cramer to discuss quarterly earnings results, outlook for the second half of the year, and the pandemic recovery period.
Some of the major players in the fitness sector have pushed the envelope on membership rates after the pandemic scare, helping them beef up earnings, when most other industries are under stress from the impact of a cautious consumer. Larger rival Planet Fitness Inc (PLNT.N) added 400,000 members in the fourth quarter, taking the total to about 17 million in 2022. "People that are working out, are working out slightly more than they did in the past ... So even with the recessionary talks and layoffs you see, cancellations are just slightly better," Planet Fitness CEO Chris Rondeau said at a JPMorgan conference last week. A Planet Fitness executive said Gen Z represented 25% of the company's total membership.
It’s the start of a class known as high-intensity interval training, a combination of treadmill and weight-lifting, at the boutique fitness studio Barry’s. The brothers and Rondeau, who now serves as Planet Fitness’ chief executive, hit upon a concept. Planet Fitness’ tag, “judgement free zone” is true to form. Part of the appeal is its $10 a month basic membership fee – which hasn’t changed – that Planet Fitness primarily collects through electronic funds transfers. Still, with solid and regular profits and a reasonable amount of debt, Planet Fitness has staying power, even if shareholders lose their shirts while its valuation comes in line.
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