Health and Fitness Club Industry News: Chains
Thursday, April 25th, 2024
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
DALLAS, 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
NEWINGTON, 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
DALLAS, 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
NEW 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
NEWINGTON, 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
NEW 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
DALLAS, 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
NEWINGTON, 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
NEW 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
DALLAS, 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
NEWINGTON, 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
NEW 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
DALLAS, 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
NEW 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
NEWINGTON, 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...
ClubCorp Reports Record Full Year and Fourth Quarter Results, Publishes 2016 Outlook and Announces $50 Million Share Repurchase Program
Posted: February 25, 2016 in Chains
DALLAS, TX -- ClubCorp -- The World Leader in Private Clubs (NYSE: MYCC) -- announced financial results for its fiscal-year 2015 fourth quarter ended December 29, 2015. The fourth quarter of fiscal 2015 and fiscal 2014 consisted of 16 weeks. Year-to-date results of fiscal 2015 and fiscal 2014 consisted of 52 weeks. All growth percentages refer to year-over-year progress: Full-year revenue was $1.1 billion, up 19.1%, while adjusted EBITDA was $233.7 million, up 19.0%; Fourth quarter revenue was $331.7 million, up 9.6%, while adjusted EBITDA was $79.6 million, up 14.8%; ClubCorp anticipates 2016 adjusted EBITDA to be between $242 and $252 million; ClubCorp's Board of Directors has authorized the Company to repurchase up to $50 million of its common stock by December 31, 2017. Read More...
Planet Fitness, Inc. Announces Third Quarter 2015 Results
Posted: November 12, 2015 in Chains
NEWINGTON, N.H. Planet Fitness Inc. (NYSE: PLNT) reported financial results for its third quarter ended September 30, 2015. Third Quarter Fiscal 2015 Highlights include: Total revenue increased from the prior year period by 8.4% to $68.8 million. System-wide same store sales increased 6.9%. Net loss was $3.9 million compared to net income of $8.1 million in the prior year period. Pro forma adjusted net income(1) increased 6.6% to $10.3 million, or $0.10 per diluted share, compared to $9.7 million, or $0.10 per diluted share in the prior year period. Adjusted EBITDA(1) increased 11.8% to $26.5 million from $23.7 million in the prior year period. 26 new Planet Fitness stores were opened system-wide during the period. Read More...
Town Sports International Holdings, Inc. Announces Third Quarter 2015 Financial Results
Posted: November 2, 2015 in Chains
NEW YORK, N.Y. - Town Sports International Holdings, Inc. ("TSI" or the "Company") (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 third quarter ended September 30, 2015. Read More...
ClubCorp Reports Record Third Quarter Results, Tightens 2015 Outlook and Accelerates Club Reinvention
Posted: October 15, 2015 in Chains
DALLAS, TX - ClubCorp - The World Leader in Private Clubs (NYSE: MYCC) - announced financial results for its fiscal-year 2015 third quarter ended September 8, 2015. The third quarter of fiscal 2015 and fiscal 2014 consisted of 12 weeks. Year-to-date results of fiscal 2015 and fiscal 2014 consisted of 36 weeks. All growth percentages refer to year-over-year progress. Revenue was up 24.9%, while adjusted EBITDA increased 21.2%. ClubCorp tightens its 2015 adjusted EBITDA range to be between $232 and $236 million. ClubCorp is accelerating capital investment on reinvention at several acquired Sequoia Golf clubs. Read More...
Planet Fitness Announces Second Quarter 2015 Results – Second Quarter Total Revenue Increased 26% to $79.0 Million
Posted: September 3, 2015 in Chains
NEWINGTON, N.H. - Planet Fitness, Inc. (NYSE: PLNT) reported financial results for its second quarter ended June 30, 2015. Second Quarter Fiscal 2015 Highlights included: Total revenue increased from the prior year period by 25.9% to $79.0 million. System-wide same store sales increased 7.3%. Net income was $11.5 million compared to $8.8 million in the prior year period. Pro forma adjusted net income(1) increased 28.9% to $12.9 million, or $0.13 per diluted share, compared to $10.0 million, or $0.10 per diluted share in the prior year period. Adjusted EBITDA(1) increased 27.5% to $31.0 million from $24.3 million in the prior year period. 38 new Planet Fitness stores added system-wide during the period. Read More...
