Xponential Fitness' Rumble Signs Master Franchise Agreement In Australia

Shivani Kumaresan

Wed, Sep 22, 2021, 12:46 PM1 min read

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Xponential Fitness Inc’s (NYSE: XPOF) boxing-inspired boutique fitness brand, Rumble, has recently signed a Master Franchise Agreement in Australia. The financial terms of the deal were not disclosed.
The agreement grants the Master Franchisee, Box X Operations Pty Ltd, a subsidiary of Boutique Fitness Studios Pty Ltd, the opportunity to license at least 100 Rumble studios to potential franchisees in the country over the next 5 years.
Rumble and Box X have also teamed up with former F45 Franchise Owners, The Stafford Brothers, to promote Rumble in Australia and open their own Rumble studios.
Analyst Rating: Raymond James analyst Joseph Altobello double upgraded Xponential Fitness to Strong Buy from Market Perform with a $14 price target (implying an Upside of 24.56%).
Price Action: XPOF shares are trading higher by 9.57% at $11.33 on the last check Wednesday.

Latest Ratings for XPOF

Sep 2021	Raymond James	Upgrades	Market Perform	Strong Buy
Aug 2021	B of A Securities	Initiates Coverage On		Buy
Aug 2021	Guggenheim	Initiates Coverage On		Buy

View More Analyst Ratings for XPOF
View the Latest Analyst Ratings

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Xponential Fitness' Rumble Signs Master Franchise Agreement In Australia

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