Xponential Fitness CEO ousted, stock volatile, company reaffirms guidance
From “CNBC”: 2024-05-13 16:43:43
Xponential Fitness CEO Anthony Geisler was suspended and will no longer be on the board. Shares had a volatile day, initially dropping 10% then ending 11% higher. Brenda Morris will serve as interim CEO. The company received notice of a U.S. Attorney’s Office probe. Xponential also reaffirmed its 2024 guidance.
Read more at “CNBC”: Xponential Fitness sees stock whipsaw after CEO ousted