ticker: YOGA
LOS ANGELES, Aug. 14, 2018 (GLOBE NEWSWIRE) -- YogaWorks, Inc. (YOGA) (the “Company”), one of the largest providers of high quality yoga instruction in the U.S., today announced financial results for the second quarter ended June 30, 2018.
Rosanna McCollough, President and Chief Executive Officer of YogaWorks, stated, “Our second quarter revenue exceeded our expectations mainly due to newly acquired studios. While our EBITDA was within our guidance range, we have experienced softness in our base studio EBITDA margin. Looking ahead, we are taking steps to improve sales and profitability in our base business and will be investing in additional marketing and training as well as reducing the class package promotions to focus on a more balanced product offering.
About YogaWorks, Inc.
YogaWorks, Inc. is one of the largest providers of high quality yoga instruction in the U.S., with 71 studios in nine markets including Los Angeles, Orange County, Northern California, New York City, Boston, Baltimore, the Washington, D.C. area, Houston and Atlanta. YogaWorks strives to make yoga accessible to everybody and offers a wide range of class styles for people of all ages and abilities. Through its studios, the Company offers yoga classes, integrated fitness classes, workshops, teacher training programs and yoga-related retail merchandise. In addition to its studio locations, YogaWorks offers online instruction through its MyYogaWorks web platform, which provides subscribers with a highly curated catalog of over 1,100 yoga and meditation classes.
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