Xponential Fitness Inc at Robert W Baird Global Consumer, Technology & Services Conference Transcript
Welcome, everyone. Thanks for joining us this morning. I'm Jon Komp, Baird's senior analyst covering the active lifestyle sector. Very pleased to have Xponential Fitness as our next presenting company today.
As you may know, Xponential's the largest global franchisor in terms of unit count within the boutique fitness industry, with a portfolio of 10 vibrant brands spanning 10 different fitness verticals. Today, the company totals over 2,700 global locations opened, with a pipeline of 3,000 additional units committed under license agreements.
The company had a strong first quarter. System sales grew more than 40%, same-store sales grew 20%, and had a very strong increase in active membership. So today, I'll turn it over to the team for some opening remarks here.
We have Founder and CEO, Anthony Geisler; and CFO, John Meloun. And during the process, I'll lead the Q&A. But if you have any questions, feel free to e-mail to session three at RW Baird, and I'll make sure to work them in. So Anthony, I'll turn it to you.
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