YogaWorks, Inc. Reports First Quarter 2019 Financial Results
YOGAWORKS (YOGA)
Last yogaworks earnings: 11/14 04:05 pm
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ir.yogaworks.com
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Source: GlobeNewswire
LOS ANGELES, May 14, 2019 (GLOBE NEWSWIRE) -- YogaWorks, Inc. (the “Company”), one of the largest providers of high-quality yoga instruction in the U.S., today announced financial results for the first quarter ended March 31, 2019. Rosanna McCollough, President and Chief Executive Officer of YogaWorks, stated, “We started fiscal 2019 on a strong note and are extremely pleased to have delivered financial results at the high end of our expectations as we remain focused on growing our base business and delivering improved EBITDA performance. We are particularly pleased with our revenue performance given our decision not to anniversary the discounted class packages which were offered throughout the first quarter of last year. Our heightened focus on memberships, where we achieve greater lifetime value of a customer, have been paying dividends with membership sales growth of 11% sequentially and 14% versus the first quarter of last year, on a same store sales basis. In addition, we cont
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