Zack Buckley on Xponential Fitness $XPOF

Zack Buckley discusses his investment thesis for Xponential Fitness (XPOF), including why he thinks the company is set for continued rapid growth.Zack's twitter: https://twitter.com/AmarginofsafetyChapters0:00 Intro2:00 Zack's background5:15 XPOF overview8:20 Can XPOF buck the history of publicly traded fitness?12:10 Brand sustainability and the Curves comp15:15 XPOF's valuation and multiples17:50 XPOF management history20:55 How XPOF's partnerships can create value22:55 Does XPOF have too many brands?26:00 Can XPass drive customer acquisition?29:15 What is Zack seeing in XPOF that the market is missing?31:55 Why XPOF over other publicly traded franchises?35:00 Is XPOF riding a post-COVID tailwind?38:30 Franchisee unit economics41:50 Recession risk49:00 Has the competitive environment changed since the last recession?54:45 Insider buying57:00 Capital allocation and acquisitions going forward