Jim Cramer - Mad Money
Xponential Fitness
XPOF-N
DON'T BUY
Feb 12, 2024
Gym memberships are flat YOY in this sector. He speculates that the weight-loss drug craze is a/the reason. Shares of this are weak, down from its peak, down 13% so far this year.
They include several fitness concepts, but all are high intensity. They run a franchise model. They reported a great quarter earlier this month. Great for a recent IPO. He likes it. Just reported 17% same-store sales growth, beating the street easily. They have nearly as many locations as Planet Fitness, but have smaller, more boutique locations and could surpass Planet. They take on the latest fitness trends, which he likes because it's set up for growth. It's a higher-risk, but higher-growth with possibly lots of upside.
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Gym memberships are flat YOY in this sector. He speculates that the weight-loss drug craze is a/the reason. Shares of this are weak, down from its peak, down 13% so far this year.