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/Amarginofsafety

Chapters
0:00 Intro
2:00 Zack's background
5:15 XPOF overview
8:20 Can XPOF buck the history of publicly traded fitness?
12:10 Brand sustainability and the Curves comp
15:15 XPOF's valuation and multiples
17:50 XPOF management history
20:55 How XPOF's partnerships can create value
22:55 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 economics
41:50 Recession risk
49:00 Has the competitive environment changed since the last recession?
54:45 Insider buying
57:00 Capital allocation and acquisitions going forward