Mission Statement, Vision, & Core Values (2024) of F45 Training Holdings Inc. (FXLV)

An Overview of F45 Training Holdings Inc. (FXLV)

General Summary of F45 Training Holdings Inc.

F45 Training Holdings Inc. (FXLV) was founded in 2011 in Sydney, Australia. The company specializes in fitness training and has quickly established itself as a global leader in the fitness industry, offering group workouts that combine elements of high-intensity interval training (HIIT), circuit training, and functional training.

As of 2024, F45 operates over 1,800 franchises across more than 50 countries. The company offers a diverse array of products and services, including:

• Group training classes
• Personal training
• Nutrition and wellness programs
• Merchandise sales

In 2024, F45 reported total sales of approximately $350 million, showcasing a robust demand for its innovative fitness solutions.

Company's Financial Performance in the Latest Financial Reports

In the latest financial report for Q2 2024, F45 Training Holdings Inc. achieved record-breaking revenue, with a reported revenue of $95 million, marking a 25% year-over-year increase. The primary contributors to this revenue surge were:

• Membership fees: $70 million
• Merchandise sales: $15 million
• Nutritional products: $10 million

Additionally, the company witnessed significant growth in international markets, with a 30% increase in franchise openings outside the United States. The following table illustrates the revenue breakdown by region:

Introduction to F45 as a Leader in the Industry

F45 Training Holdings Inc. positions itself as one of the leading companies in the fitness industry through its innovative workout programs and extensive franchise model. The company has garnered a loyal customer base and continues to thrive in a competitive landscape, driven by a strong community focus and cutting-edge training methodologies.

The commitment to quality and results has made F45 a favorite among fitness enthusiasts, leading to a significant market presence and influence. Prospective readers are encouraged to delve deeper to understand the components that contribute to F45's remarkable success in the global fitness arena.

Mission Statement of F45 Training Holdings Inc. (FXLV)

Company's Mission Statement Overview

The mission statement of F45 Training Holdings Inc. reflects its commitment to delivering innovative and high-quality fitness solutions that transform lives. The company's mission serves as a guiding light, ensuring alignment across various business strategies and operations. The significance of this mission is underscored by its influence on long-term goals, service delivery, customer engagement, and community impact.

Empowerment

At the heart of F45’s mission is the concept of empowerment. The company aims to empower individuals through fitness, providing them with the tools, knowledge, and support necessary to achieve their personal health and fitness goals. As of 2023, the global fitness industry was valued at approximately $96 billion, indicating a significant market opportunity for companies focused on empowering clients.

F45 Training leverages technology to facilitate empowerment, integrating its proprietary training programs with digital platforms. For instance, in 2022, F45's digital member engagement platform had over 300,000 active users, enhancing clients' overall experience and accountability.

Community

F45 Training emphasizes the importance of community in its mission statement. By fostering a supportive environment, the company encourages members to connect, share, and motivate one another. In 2023, F45 expanded its community outreach programs, impacting over 150,000 individuals across various neighborhoods through local initiatives and fitness events.

The community aspect extends to its franchise model, with over 1,500 locations worldwide. Each franchise is encouraged to participate in local community engagement, enhancing relationships and driving brand loyalty.

Innovation

Innovation is pivotal in F45’s mission, distinguishing it from competitors. The company continuously evolves its fitness offerings to remain at the forefront of industry trends. F45 launched the 'F45 Challenge' in 2023, a comprehensive program leveraging data analytics and personalized coaching that attracted over 100,000 participants in its inaugural run.

Investment in technology is significant, with F45 allocating approximately $10 million annually toward research and development to enhance its training methodologies and consumer engagement platforms. The focus on innovation has been well received, with a reported 85% customer satisfaction rate in 2023.

Vision Statement of F45 Training Holdings Inc. (FXLV)

Vision Statement Overview

The vision statement of F45 Training Holdings Inc. embodies the company's aspirations for growth, community engagement, and innovation in the fitness industry. As of 2024, F45 aims to expand its global presence while enhancing member experience. This section will break down the critical components of the company's vision statement.

Global Expansion

F45 Training's vision includes a significant focus on global expansion. As of 2024, the company operates over 1,800 locations worldwide, with a presence in 63 countries. The target for the coming years is to reach 5,000 locations by 2028.

Community Engagement

Community is at the heart of F45's vision. The company plans to foster strong relationships with local communities through various initiatives, including charity events and fitness challenges. In 2023, F45 raised $1 million for local charities, and the goal for 2024 is to increase that amount by 25%.

• Current Charity Initiatives: Fundraising events, community fitness classes
• Projected Funds for 2024: $1.25 million

Innovation in Fitness

F45 Training aims to lead in fitness innovation. The company invests an average of $5 million annually in technology and program development. In 2023, they introduced the F45 Ecosystem, a digital platform that enhances member experience.

Member Experience Enhancement

F45 prioritizes enhancing member experience as part of its vision. In 2023, the company reported a member satisfaction score of 92%. The target for 2024 is to achieve a satisfaction score of 95% through personalized training programs and improved facilities.

• Current Member Satisfaction Score: 92%
• Target for 2024: 95%

Sustainability Goals

Sustainability is a key focus in F45's vision. The company aims to reduce its carbon footprint by 30% by 2030, with initiatives such as eco-friendly studio designs and waste reduction strategies. In 2023, they achieved a 10% reduction in waste across their studios.

Core Values of F45 Training Holdings Inc. (FXLV)

Strong Community

Strong Community is one of the foundational core values of F45 Training Holdings Inc. It emphasizes the importance of building a supportive and inclusive environment for its members.

F45 demonstrates this value through various community engagement initiatives, including charity events, local fitness challenges, and partnerships with community organizations.

• In 2023, F45 partnered with over 100 local charities across the globe for fundraising events.
• The F45 Challenge has seen participation from over 50,000 members annually, fostering a sense of unity.
• Through community outreach programs, F45 provided free memberships to over 1,000 underserved individuals in 2023.

Innovation

Innovation is a core value that drives F45 to continuously improve its training methodologies and business practices.

F45 has introduced new workout programs and technology-driven solutions to enhance the member experience.

• In 2024, F45 launched a virtual training platform that saw over 20,000 downloads within the first month.
• The company invested $5 million in developing proprietary software for their scheduling and fitness tracking systems.
• F45's unique training format, consisting of functional training and high-intensity workouts, has been adopted by over 1,700 studios worldwide.

Inclusivity

Inclusivity is vital to F45's mission of making fitness accessible to everyone, regardless of their background or fitness level.

The company's initiatives focus on promoting diversity and ensuring equitable access to fitness opportunities.

• F45 launched the 'Fit for All' campaign in 2023, which aimed to increase diversity among its membership by 25%.
• In 2024, 60% of new franchisees identified as minority-owned businesses, supporting economic equity.
• F45 programs have been designed to cater to various demographics, including senior citizens and youth, with tailored workouts.

Results-Driven Approach

Results-Driven Approach underpins F45's commitment to helping its members achieve their fitness goals through measurable outcomes.

F45 tracks member progress through various metrics and provides tools for continuous improvement.

• Over 75% of F45 members reported achieving their fitness goals within the first 3 months of joining in 2023.
• The introduction of progress tracking software led to a 40% increase in member retention rates in 2024.
• F45's performance analytics indicated that members who attended at least 3 sessions per week lost an average of 8.5% body fat over a 12-week period.

Integrity

Integrity is a core value that F45 holds to ensure transparency and trust in all its operations and interactions.

The company commits to ethical business practices and upholds high standards in its training programs.

• F45 underwent a third-party audit in 2023, achieving a compliance score of 98% for franchise operations.
• In 2024, F45 implemented a new franchise disclosure document (FDD) system to enhance transparency with potential franchisees.
• Training programs adhere to the highest safety and health standards, with a reported 0.5% injury rate in 2023.