Health and Fitness Club Industry News: Chains
Sunday, May 5th, 2024
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...
ClubCorp Charity Classic Raises Record-Breaking $3,053,312
Posted: February 15, 2017 in Chains
DALLAS, TX - ClubCorp – The World Leader in Private Clubs (NYSE:MYCC) – announced that, through its Charity Classic events, the company raised $3,053,312 in 2016, breaking its previous all-time fundraising record set in 2015. The Charity Classic, ClubCorp’s major philanthropic effort benefiting over 100 national and local charitable organizations, Augie’s Quest/ALS Therapy Development Institute and ClubCorp’s E.P.C.F., has now raised more than $20.3 million since its inception in 2007. Read More...
ClubCorp Acquires Eagle’s Nest Country Club
Posted: February 8, 2017 in Chains
DALLAS, TX - ClubCorp – The World Leader in Private Clubs (NYSE:MYCC) – announces the acquisition of Eagle’s Nest Country Club, a premier member-owned country club located in Maryland, just north of Baltimore. ClubCorp plans to spend more than $1 million on capital projects that will bring new amenities, improvements and upgrades to the club. Read More...
ClubCorp Reviewing Strategic Alternatives
Posted: January 12, 2017 in Chains
DALLAS, TX - ClubCorp Holdings, Inc. - The World Leader in Private Clubs (NYSE:MYCC) - announced that the Board of Directors has established a Strategic Review Committee, which, with the assistance of financial advisors, is reviewing and evaluating alternatives to further enhance shareholder value. 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...
Clubcorp CEO, Eric Affeldt, To Be Inducted Into Hospitality Industry Hall of Honor
Posted: September 15, 2016 in Chains
HOUSTON, TX - Eric Affeldt, CEO of ClubCorp, a world leader in private golf and country clubs, will be inducted into the Hospitality Industry Hall of Honor this year at the University of Houston Conrad N. Hilton College of Hotel and Restaurant Management. The Hall of Honor, housed at Hilton College, was created in 1996 to recognize industry leaders who have made extraordinary contributions to American and international business and society. Read More...
ClubCorp Acquires Heritage Golf Club
Posted: August 31, 2016 in Chains
DALLAS, TX - ClubCorp -- The World Leader in Private Clubs (NYSE: MYCC) -- announces the acquisition of Heritage Golf Club, a premier private country club in Hilliard, Ohio, just west of Columbus. ClubCorp plans to spend more than $1 million on improvements to the clubhouse, golf course and practice facilities. Read More...
ClubCorp Announces Sponsorship of PGA Tour Professional Austin Connelly
Posted: August 8, 2016 in Chains
DALLAS, TX - ClubCorp -- The World Leader in Private Clubs (NYSE: MYCC) -- announced a sponsorship with rising star Austin Connelly, playing in his first year as a professional and competing in this weekend's John Deere Classic on the PGA TOUR. Connelly, just 19 years old, learned the game as a junior golfer at Hackberry Creek Country Club, a member of the ClubCorp family of clubs. 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...
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...
ClubCorp Acquires Santa Rosa Golf & Country Club
Posted: March 16, 2016 in Chains
DALLAS, TX - ClubCorp - The World Leader in Private Clubs (NYSE: MYCC) - announces the acquisition of Santa Rosa Golf & Country Club, a premier, previously member-owned private club in the Sonoma Wine Country of Northern California among award-winning vineyards and historic oaks. ClubCorp plans a multimillion-dollar capital project that will bring improvements to the clubhouse, golf course and practice facilities and pool. 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...
Another Record-Breaking Year for ClubCorp Charity Classic With More Than $2.8 Million Raised
Posted: February 15, 2016 in Chains
DALLAS, TX - ClubCorp -- The World Leader in Private Clubs (NYSE: MYCC) -- announced it raised more than $2.8 million in 2015 through its Charity Classic events, breaking its previous all-time fundraising record set in 2014. The Charity Classic, ClubCorp's major philanthropic effort, has now raised more than $17.3 million since its inception in 2007. Read More...
ClubCorp Acquires Marsh Creek Country Club in St. Augustine, Florida
Posted: February 3, 2016 in Chains
DALLAS, TX - ClubCorp -- The World Leader in Private Clubs (NYSE: MYCC) -- announces the acquisition of Marsh Creek Country Club, a premier private country club in St. Augustine, Florida. ClubCorp plans a capital project that will bring new amenities, improvements and upgrades to the club. Read More...
ClubCorp Announces Completion of More Than $18 Million in Atlanta-Area Reinventions
Posted: January 26, 2016 in Chains
DALLAS, TX - ClubCorp -- The World Leader in Private Clubs (NYSE: MYCC) -- announces that, a little more than a year after expanding the ClubCorp Network in the greater Atlanta area, with now over 30 owned and operated golf and country clubs and two premier business clubs, the company has invested more than $18 million to reinvent club spaces and add new elements. Read More...
ClubCorp Acquires Bernardo Heights Country Club
Posted: December 17, 2015 in Chains
DALLAS, TX - ClubCorp - The World Leader in Private Clubs (NYSE: MYCC) - announces the acquisition of Bernardo Heights Country Club, a private, previously member-owned club located in north county San Diego. ClubCorp plans a multimillion-dollar reinvention project that will bring new dining, social and family features that will enhance the club experience. 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...
ClubCorp CEO Named the Most Powerful Person in Golf
Posted: October 6, 2015 in Chains
DALLAS, TX - Eric Affeldt, CEO and President of ClubCorp --The World Leader in Private Clubs (NYSE: MYCC)-- has been named No. 1 on the Golf Inc. 2015 "Most Powerful People in Golf" list, which ranks individuals' influence and their organizations' ability to positively impact the golf industry. This is the second year in a row that Affeldt has received this top honor. Read More...
ClubCorp Reports Record Second Quarter Results and Reaffirms 2015 Outlook
Posted: July 23, 2015 in Chains
DALLAS, TX - ClubCorp - The World Leader in Private Clubs (NYSE: MYCC) - announced financial results for its fiscal-year 2015 second quarter ended June 16, 2015. The second quarter of fiscal 2015 and fiscal 2014 consisted of 12 weeks. All growth percentages refer to year-over-year progress. Read More...
ClubCorp Holdings, Inc. Completes Repricing of $901 Million Senior Secured Term Loan
Posted: May 28, 2015 in Chains
DALLAS, TX - ClubCorp – The World Leader in Private Clubs (NYSE: MYCC) – announced that it has completed the repricing of its $901 million senior secured term loan. ClubCorp's credit agreement was amended to decrease the rate at which Term B loans bear interest. Read More...
