Xponential Fitness Inks Master Franchise Agreement In New Zealand

Xponential Fitness Inc XPOF has signed a Master Franchise Agreement in New Zealand for three of its brands, CycleBar, StretchLab, and Rumble. The financial terms of the arrangement were not disclosed.
The agreement paves the way for licensing at least 30 studios across the three brands to potential franchisees in New Zealand over the next 10 years.
The New Zealand Master Franchisee, Boutique Fitness Studios NZ Ltd, is a wholly-owned subsidiary of Boutique Fitness Studios Pty Ltd, Xponential's Master Franchisee in Australia for CycleBar, StretchLab, and Rumble.
Xponential has over 2,000 open studios worldwide, operating in 10 countries and across four continents.
Price Action: XPOF shares are trading higher by 3.70% at $20.17 on the last check Wednesday.

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