Xponential Fitness announced it has completed the divestiture of its brand Stride Fitness to Stride Fitness Franchising, which is owned by Shaun Grove. Grove is the president of Rumble Boxing. In connection with this announcement, Xponential has begun a search for a successor for Grove as president of Rumble Boxing. Grove has agreed to remain in his current role as president of Rumble Boxing until a successor is identified. As of December 31, 2023, Stride Fitness locations represented less than 1% of Xponential’s total studios open. The divestiture of Stride Fitness is not expected to materially impact revenue in 2024. Xponential did not receive any consideration for the divestiture and will provide transition support to the new owner.
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