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Health and Fitness Club Industry News: Chains

Thursday, September 21st, 2017

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Planet Fitness, Inc. Announces Second Quarter 2017 Results
Posted: August 9, 2017 in Chains

Planet FitnessHAMPTON, N.H. - Planet Fitness, Inc. (NYSE: PLNT) reported financial results for its second quarter ended June 30, 2017. Second Quarter Fiscal 2017 highlights include:Total revenue increased from the prior year period by 17.3% to $107.3 million. System-wide same store sales increased 9.0%. Net income attributable to Planet Fitness, Inc. was $12.4 million, or $0.16 per diluted share, compared to net income attributable to Planet Fitness Inc. of $4.1 million, or $0.11 per diluted share in the prior year period. Net income was $18.0 million, compared to net income of $18.1 million in the prior year period. Adjusted net income increased 28.9% to $21.7 million, or $0.22 per diluted share, compared to $16.8 million, or $0.17 per diluted share in the prior year period. Adjusted EBITDA increased 30.3% to $47.9 million from $36.8 million in the prior year period. 37 new Planet Fitness franchise stores were opened during the period, bringing system-wide total stores to 1,403 at June 30, 2017. Read More...

ClubCorp Reports Thirteenth Consecutive Quarter of Revenue Growth
Posted: July 20, 2017 in Chains

ClubCorp - The World Leader In Private ClubsDALLAS, TX - ClubCorp - The World Leader in Private Clubs (NYSE:MYCC) - announces financial results for its fiscal-year 2017 second quarter ended June 13, 2017: Revenue increased $7.4 million to $276.4 million, up 2.7%, for the second quarter of 2017. Net Income decreased $5.0 million to $0.8 million, down 86.2%, primarily due to higher selling, general and administrative expense related to centralization and transformation of administrative processes, finance processes and related IT systems, and impairment of assets related to recently divested clubs. Adjusted EBITDA(1) of $62.9 million, up 0.1%. Read More...

Gold’s Gym Experiences Strong First Quarter With Domestic And International Growth
Posted: May 3, 2017 in Chains

Gold's GymDALLAS, TX - Gold’s Gym, a trusted source on health and fitness, announced that, during the first quarter of 2017, it signed franchise agreements to open nine gyms in the U.S., with 23 additional locations currently under development in 12 countries internationally. These signings expand the brand’s presence in new and existing markets across the world, including Tennessee, New York, California and in nations such as Egypt and Australia. Gold’s Gym also opened 17 new locations both domestically and internationally, resulting in a total of 737 open gyms at the end of the first quarter. Read More...

Planet Fitness, Inc. Announces First Quarter 2017 Results
Posted: May 2, 2017 in Chains

Planet FitnessNEWINGTON, N.H. - Planet Fitness, Inc. (NYSE: PLNT) reported financial results for its first quarter ended March 31, 2017. Total revenue increased from the prior year period by 9.3% to $91.1 million. System-wide same store sales increased 11.1%. Net income increased 9.3% to $17.9 million, or $0.14 per diluted share, compared to net income of $16.3 million, or $0.09 per diluted share in the prior year period. Adjusted net income increased 21.2% to $18.4 million, or $0.19 per diluted share, compared to $15.2 million, or $0.15 per diluted share in the prior year period. Adjusted EBITDA increased 23.3% to $42.3 million from $34.3 million in the prior year period. 54 new Planet Fitness stores were opened system-wide compared to 48 in the year ago period, bringing system-wide total stores to 1,367 at March 31, 2017. Read More...

Town Sports International Holdings, Inc. Reports First Quarter 2017 Results
Posted: April 26, 2017 in Chains

Town Sports InternationalNEW YORK, N.Y. - Town Sports International Holdings, Inc. (“TSI” or the “Company”) (NASDAQ: CLUB) reported financial results for its first quarter ended March 31, 2017. Total member count increased 7,000to 551,000 during Q1 2017 compared to an increase of 12,000 in Q1 2016. Membership monthly attrition averaged 3.9% per month in Q1 2017 compared to 3.5% per month in Q1 2016. Q1 2017 net loss was $2.9 million, or $0.11 loss per share, compared with Q1 2016 net loss of $6.9 million, or $0.28 loss per share. Adjusted EBITDA was $10.7 million in Q1 2017, an increase of 35.3% compared to Adjusted EBITDA of $7.9 million in Q1 2016. Read More...

ClubCorp Reports 12th Consecutive Quarter of Growth, Announces Acquisition of Oakhurst Golf and Country Club and “The Collective” a New Club Concept
Posted: April 26, 2017 in Chains

ClubCorp - The World Leader In Private ClubsDALLAS, TX - ClubCorp - The World Leader in Private Clubs (NYSE:MYCC) - announces financial results for its fiscal-year 2017 first quarter ended March 21, 2017. The first quarter of fiscal 2017 and fiscal 2016 consisted of 12 weeks. All growth percentages refer to year-over-year progress. First quarter revenue was $221.3 million, up 3.0%, net loss decreased $0.8 million to $7.5 million, and adjusted EBITDA was $43.7 million, up 4.2%; ClubCorp acquires Oakhurst Golf and Country Club in Clarkston, Michigan; ClubCorp signs lease to open a new concept business / social club "The Collective" in Seattle, Washington; Eric Affeldt announces his intention to retire from his role as Chief Executive Officer upon the appointment of his successor. Read More...

Planet Fitness, Inc. Announces Fourth Quarter and Fiscal Year 2016 Results
Posted: March 1, 2017 in Chains

Planet FitnessNEWINGTON, N.H. - Planet Fitness, Inc. (NYSE: PLNT) reported financial results for its fourth quarter and fiscal year ended December 31, 2016 and announces full year 2017 outlook. Year-end highlights include: Total revenue increased from the prior year by 14.4% to $378.2 million. System-wide same store sales increased 8.8%. Net income was $71.2 million, or $0.50 per diluted share, compared to net income of $38.1 million, or $0.11 per diluted share in the prior year. Adjusted net income increased 26.9% to $67.6 million, or $0.69 per diluted share, compared to $53.2 million, or $0.54 per diluted share in the prior year. Adjusted EBITDA increased 22.0% to $150.6 million from $123.5 million in the prior year. 195 new Planet Fitness stores were opened system-wide during the year, bringing system-wide total stores to 1,313 on December 31, 2016. Read More...

ClubCorp Reports Sixth Consecutive Year of Record Results, and Announces Acquisition of North Hills Country Club
Posted: February 22, 2017 in Chains

ClubCorp - The World Leader In Private ClubsDALLAS, TX - ClubCorp - The World Leader in Private Clubs (NYSE:MYCC) - announced financial results for its fiscal-year 2016 fourth quarter ended December 27, 2016. The fourth quarter of fiscal 2016 and fiscal 2015 consisted of 16 weeks. Fiscal 2016 and fiscal 2015 consisted of 52 weeks. All comparisons are year-over-year. Fiscal 2016 revenue was $1.1 billion, up 3.4%, net income increased $13.6 million to $4.0 million, and adjusted EBITDA was $247.7 million, up 6.2%; Fourth quarter revenue was $345.3 million, up 4.1%, net income increased $11.7 million to $5.4 million, and adjusted EBITDA was $83.3 million, up 4.7%; ClubCorp acquires North Hills Country Club in Glenside, Pennsylvania. Read More...

Town Sports International Holdings, Inc. Reports Fourth Quarter and Full-Year 2016 Results
Posted: February 16, 2017 in Chains

Town Sports InternationalNEW YORK, N.Y. - Town Sports International Holdings, Inc. ("TSI" or the "Company") (NASDAQ: CLUB) reported financial results for its fourth quarter and year-ended December 31, 2016. Read More...

Planet Fitness, Inc. Announces Third Quarter 2016 Results
Posted: October 27, 2016 in Chains

Planet FitnessNEWINGTON, N.H. - Planet Fitness, Inc. (NYSE: PLNT) reported financial results for its third quarter ended September 30, 2016 and announced it is pursuing an increase in the size of its credit facilities and considering paying a one-time dividend: Total revenue increased from the prior year period by 26.4% to $87.0 million. System-wide same store sales increased 10.0% compared to the prior year period. Net income was $14.9 million, or $0.08 per diluted share, compared to net income of $0.7 million, or $0.04 per diluted share in the prior year period. Adjusted net income increased 51.7% to $15.9 million, or $0.16 per diluted share, compared to $10.5 million in the prior year period. Adjusted EBITDA increased 33.5% to $35.4 million from $26.5 million in the prior year period. 37 new Planet Fitness franchise stores were opened during the period, bringing system-wide total stores to 1,242 at September 30, 2016. Read More...

Town Sports International Holdings, Inc. Reports Third Quarter 2016 Results; Announces New Look and Experience of its Brand
Posted: October 26, 2016 in Chains

Town Sports InternationalNEW YORK, N.Y. - Town Sports International Holdings, Inc. ("TSI" or the "Company") (NASDAQ:CLUB) reported financial results for its third quarter ended September 30, 2016: Total member count decreased 6,000 to 545,000 during Q3 2016 compared to an increase of 14,000 in Q3 2015 (Q3 2015 member count increase was associated with the roll out of the lower pricing model). Membership monthly attrition averaged 4.2% per month in Q3 2016 compared to 4.4% per month in Q3 2015. Q3 2016 net loss was $5.5 million, or $0.21 loss per share, compared with Q3 2015 net loss of $22.0 million, or $0.89 loss per share. Net loss for Q3 2016 and Q3 2015 included non-cash fixed asset impairment charges of $742,000 and $12.4 million, respectively. The fixed asset impairment charges did not have any tax effect due to the impact of the Company's tax valuation allowance in Q3 2016 and Q3 2015. Adjusted EBITDA was $11.0 million in Q3 2016, an increase of 68.5% compared to Adjusted EBITDA of $6.6 million in Q3 2015. Read More...

ClubCorp Reports Tenth Consecutive Quarter of Growth, Narrows Full Year Outlook, and Initiates Strategy to Reduce Leverage
Posted: October 13, 2016 in Chains

ClubCorp - The World Leader In Private ClubsDALLAS, TX - ClubCorp -- The World Leader in Private Clubs (NYSE: MYCC) -- announces financial results for its fiscal-year 2016 third quarter ended September 6, 2016. The third quarter of fiscal 2016 and fiscal 2015 consisted of 12 weeks. Year-to-date results of fiscal 2016 and fiscal 2015 consisted of 36 weeks. All growth percentages refer to year-over-year progress. Third quarter revenue was $259.3 million, up 1.6% due to increases in dues and food and beverage revenue. Third quarter net income was $1.2 million. Third quarter adjusted EBITDA was $59.0 million, up 7.5%. Read More...

Planet Fitness Announces Second Quarter 2016 Results
Posted: August 11, 2016 in Chains

Planet FitnessNEWINGTON, N.H. - Planet Fitness, Inc. (NYSE: PLNT) reported financial results for its second quarter ended June 30, 2016: Total revenue increased from the prior year period by 15.9% to $91.5 million. System-wide same store sales increased 7.6%. Net income was $18.1 million, or $0.11 per diluted share, compared to net income of $11.6 million in the prior year period. Adjusted net income increased 27.5% to $16.8 million, or $0.17 per diluted share, compared to $13.2 million in the prior year period. Adjusted EBITDA increased 18.6% to $36.8 million from $31.0 million in the prior year period. 36 new Planet Fitness franchise stores were opened during the period, bringing system-wide total stores to 1,206 at June 30, 2016. Read More...

Town Sports International Holdings, Inc. Reports Second Quarter 2016 Results
Posted: July 28, 2016 in Chains

Town Sports InternationalNEW YORK, N.Y. - Town Sports International Holdings, Inc. (NASDAQ:CLUB) reported financial results for its second quarter ended June 30, 2016. Read More...

ClubCorp Reports Strong Second Quarter Results, Announces Promotion of Mark Burnett to President and Announces Deal to Manage a New Business Club Atop of One World Trade Center in New York City
Posted: July 14, 2016 in Chains

ClubCorp - The World Leader In Private ClubsDALLAS, TX - ClubCorp -- The World Leader in Private Clubs (NYSE: MYCC) -- announced financial results for its fiscal-year 2016 second quarter ended June 14, 2016. The second quarter of fiscal 2016 and fiscal 2015 consisted of 12 weeks. Year-to-date results of fiscal 2016 and fiscal 2015 consisted of 24 weeks. All growth percentages refer to year-over-year progress. Second quarter revenue was $269.0 million, up 2.0% due to solid increases in dues and F&B revenue; Second quarter net income was $5.8 million, up $6.0 million; Second quarter adjusted EBITDA was $63.3 million, up 5.3%; ClubCorp Promotes Mark Burnett to President and COO; ClubCorp signs management deal to operate a new Business Club in NYC; Read More...

Planet Fitness Announces First Quarter 2016 Results
Posted: May 10, 2016 in Chains

Planet FitnessNEWINGTON, N.H. - Planet Fitness, Inc. (NYSE:PLNT) reported financial results for its first quarter ended March 31, 2016: Total revenue increased from the prior year period by 8.3% to $83.3 million. System-wide same store sales increased 6.8%. Net income was $16.3 million compared to net income of $8.5 million in the prior year period. Pro forma adjusted net income increased 20.5% to $15.2 million, or $0.15 per diluted share, compared to $12.6 million, or $0.13 per diluted share in the prior year period. Adjusted EBITDA increased 20.4% to $34.3 million from $28.5 million in the prior year period. 48 new Planet Fitness franchise stores were opened during the period, bringing system-wide total stores to 1,171 at March 31, 2016. The company brought in 1 million net new members, equating to 864 net new members per store. Read More...

Town Sports International Holdings, Inc. Reports First Quarter 2016 Results
Posted: May 4, 2016 in Chains

Town Sports InternationalNEW YORK, N.Y. - Town Sports International Holdings, Inc. (NASDAQ: CLUB) reported financial results for its first quarter ended March 31, 2016. Read More...

ClubCorp Announces Its Eighth Straight Quarter of Record Results
Posted: April 27, 2016 in Chains

ClubCorp - The World Leader In Private ClubsDALLAS, TX - ClubCorp -- The World Leader in Private Clubs (NYSE: MYCC) -- announced financial results for its fiscal-year 2016 first quarter ended March 22, 2016. The first quarter of fiscal 2016 and fiscal 2015 consisted of 12 weeks. All growth percentages refer to year-over-year progress: First quarter revenue was $214.9 million, up 6.3% due to solid increases in dues, F&B and golf ops revenue; First quarter adjusted EBITDA was $42.1 million, up 8.2%; ClubCorp reiterates 2016 adjusted EBITDA expected to be between $242 and $252 million. Read More...

Town Sports International Holdings, Inc. Announces Fourth Quarter and Full-Year 2015 Financial Results
Posted: March 7, 2016 in Chains

Town Sports InternationalNEW YORK, N.Y. - Town Sports International Holdings, Inc. ("TSI", "TSI Holdings", the "Company", "our" or "we") (NASDAQ:CLUB), one of the leading owners and operators of health clubs located primarily in major cities from Washington, DC north through New England, operating under the brand names "New York Sports Clubs," "Boston Sports Clubs," "Washington Sports Clubs", "Philadelphia Sports Clubs" and "BFX Studio" announced its results for the fourth quarter and full-year ended December 31, 2015. Read More...

Planet Fitness, Inc. Announces Fourth Quarter and Fiscal Year 2015 Results
Posted: March 3, 2016 in Chains

Planet FitnessNEWINGTON, N.H.- Planet Fitness, Inc. (NYSE: PLNT) reported financial results for its fourth quarter and fiscal year ended December 31, 2015. Year-end highlights include: Total revenue increased from the prior year by 18.1% to $330.5 million. System-wide same store sales increased 7.7%. Net income was $38.1 million compared to net income of $37.3 million in the prior year. Pro forma adjusted net income increased 26.2% to $53.2 million, or $0.54 per diluted share, compared to $42.2 million, or $0.43 per diluted share in the prior year. Adjusted EBITDA 22.8% to $123.5 million from $100.5 million in the prior year. 209 new Planet Fitness stores were opened system-wide during the year. Read More...

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