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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...

Planet Fitness and its Franchisees Award $50,000 in Inaugural Judgement Free Generation Scholarship Program
Posted: July 27, 2017 in Chains

Planet FitnessHAMPTON, N.H. - Planet Fitness, Inc., one of the largest and fastest-growing franchisors and operators of fitness centers in the United States, announced it has awarded 10 deserving high school students nationwide as the recipients of its inaugural Judgement Free Generation Scholarship Program. As the home of the Judgement Free Zone, Planet Fitness seeks to recognize young people who have promoted kindness, acceptance and inclusion in their communities, qualities that Planet Fitness and its charitable partner, Boys & Girls Clubs of America, strongly support. As part of the program, each scholarship recipient will receive $5,000 toward their college education. Read More...

Planet Fitness Expands to Panama
Posted: July 20, 2017 in Chains

Planet FitnessHAMPTON, N.H. - Planet Fitness, Inc. (NYSE: PLNT), one of the largest and fastest-growing franchisors and operators of fitness centers in the U.S., announced the upcoming opening of its first club in Panama. The country's first Judgement Free Zone in Santa Maria is expected to officially open this fall with a second location opening in Centennial by the end of 2017. The club will feature brand-name cardio and strength equipment, circuit training, fully-equipped locker rooms with day lockers and showers, numerous flat screen televisions and free small group fitness instruction by certified trainers. A 30-year fitness industry veteran and Planet Fitness franchisee for 13 years, Dave Leon, is the owner and operator of the Santa Maria and Centennial locations. Read More...

First Planet Fitness Powered by the Sun
Posted: July 10, 2017 in Chains

Planet FitnessHAMPTON, N.H. - Planet Fitness, Inc., one of the largest and fastest-growing franchisors and operators of fitness centers in the U.S., announced that its St. Petersburg club has partnered with Solar Energy Management to become the first 24/7 Planet Fitness to be a net-zero energy building. The updated, energy efficient Planet Fitness, located at 5335 66th Street North, St. Petersburg, FL 33709, is now 99.5% reliant on sustainable solar power. Read More...

Planet Fitness Honored For Excellence In Corporate Social Impact
Posted: June 7, 2017 in Chains

Planet FitnessHAMPTON, N.H. - Planet Fitness, Inc., (NYSE: PLNT), one of the largest and fastest-growing franchisors and operators of fitness centers in the United States, announced that the company has been honored with Engage for Good's 2017 Gold Halo Award in the social services category. The award recognizes the Company's impact with its pro-kindness, anti-bullying initiative, The Judgement Free Generation, and was announced at the 15th Annual Engage for Good (formerly Cause Marketing Forum) Conference in Chicago on June 1, 2017. The Halo Awards are North America's highest honor in recognition of organizations that have taken action and positively affected their communities with effective social and cause marketing initiatives. 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...

Planet Fitness Celebrates The End Of Tax Season With Free HydroMassages For All
Posted: April 6, 2017 in Chains

Planet FitnessNEWINGTON, N.H. - Planet Fitness, Inc. (NYSE: PLNT), one of the largest and fastest-growing franchisors and operators of fitness centers in the U.S., invites everyone, whether a member of the Judgement Free Zone or not, to recover from tax season-related tension and anxiety by treating themselves to free HydroMassage at any of the more than 1,300 Planet Fitness clubs nationwide. The limited-time offer is available from April 15 – 22 in partnership with HydroMassage; de-stressers need only bring in a coupon available beginning April 15 on the Planet Fitness website. Read More...

Planet Fitness Reaches 10 Million Member Mark
Posted: April 4, 2017 in Chains

Planet FitnessNEWINGTON, N.H. - Planet Fitness, Inc. (NYSE: PLNT), one of the largest and fastest-growing franchisors and operators of fitness centers in the U.S., announced that, as of the end of March 2017, the brand reached the significant landmark of 10 million club members across its entire system. "We are thrilled to announce this milestone," said Chris Rondeau, Chief Executive Officer of Planet Fitness. "A key to our success is our differentiated Judgement-Free environment combined with our affordable price point and high-quality experience. While the industry targets avid exercisers, Planet Fitness has consistently attracted first-time users who have never belonged to a gym before and casual users. In fact, of almost one million new Planet Fitness members surveyed in 2016, over 40% had never belonged to a gym before." Read More...

Atlantic Street Capital Announces Significant Investment in Planet Fit Indy 10 LLC
Posted: March 22, 2017 in Chains

Planet FitnessSTAMFORD, CT - Atlantic Street Capital (Atlantic Street), a private equity firm targeting entrepreneurial businesses poised for the next level of growth, announced that it has made a significant investment in Planet Fit Indy 10 LLC (PF Indy), owner of Planet Fitness (NYSE: PLNT) health clubs in the greater Indianapolis area, to support its ongoing expansion in new and existing markets. Atlantic Street is partnering with Mike Campagnolo, Chief Executive Officer of PF Indy, who will retain a significant stake in the new company and lead the company's growth as CEO. Founded in 2010, PF Indy is headquartered in Indianapolis and operates franchised Planet Fitness health clubs, one of the largest and fastest-growing franchisors and operators of fitness centers. 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...

Planet Fitness Debuts New Brand Campaign: “The World Judges, We Don’t. At Planet Fitness, Be Free.”
Posted: January 1, 2017 in Chains

Planet FitnessNEWINGTON, N.H. - Planet Fitness, Inc. (NYSE:PLNT), one of the largest and fastest-growing franchisors and operators of fitness centers in the U.S., revealed a new creative campaign, “The World Judges, We Don't. At Planet Fitness, Be Free.” The campaign debuted nationally during ABC’s “Dick Clark's New Year's Rockin' Eve with Ryan Seacrest 2017” on December 31st. For the second year in a row, Planet Fitness was also the presenting sponsor of Times Square’s iconic New Year’s Eve celebration in New York City. Read More...

Planet Fitness and Its Franchisees Raise More Than $1 Million For Boys & Girls Clubs Of America and Stomp Out Bullying To Support Anti-Bullying, Pro-Kindness Initiatives For Teens
Posted: December 20, 2016 in Chains

Planet Fitness NEWINGTON, N.H. - Planet Fitness announced that, together with its franchisees, more than $1 million was raised for its Judgement Free Generation partners, Boys & Girls Clubs of America and STOMP Out Bullying, as a result of the company’s November membership sale. The Judgement Free Generation is Planet Fitness’ philanthropic initiative designed to combat the judgement and bullying faced by today’s youth by creating a culture of kindness and encouragement. Read More...

Planet Fitness Appoints Bill Bode To SVP Of Franchise Operations
Posted: December 7, 2016 in Chains

Planet FitnessNEWINGTON, N.H. - Planet Fitness, Inc. (NYSE: PLNT), one of the largest and fastest-growing franchisors and operators of fitness centers in the U.S., announced the appointment of Bill Bode as Senior Vice President of Franchise Operations. In this position, Mr. Bode will oversee operational performance and ongoing franchisee support. Read More...

Planet Fitness To Ring In A “Judgement Free” 2017 As Presenting Sponsor Of Times Square’s Iconic New Year’s Eve Celebration
Posted: December 1, 2016 in Chains

Planet FitnessNEWINGTON, N.H. - Planet Fitness celebrates its members every day with its Judgement Free Zone and welcoming workout environment, and for 2017, the company is celebrating the New Year again by helping to throw the biggest party on the planet. Along with Times Square Alliance and Countdown Entertainment, Planet Fitness will take over New York’s Times Square as the exclusive presenting sponsor of the iconic New Year’s Eve celebration for the second consecutive year. Approximately one million revelers will ring in a “Judgement Free” New Year with a new and festive New Year’s Eve party hat and balloons, both in purple and yellow, the brand’s signature colors. 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...

Planet Fitness Builds First Ever Judgement Free Fitness Center Within A Boys & Girls Club As Part Of National Anti-Bullying Initiative
Posted: September 7, 2016 in Chains

Planet FitnessNEWINGTON, N.H. - Planet Fitness, known for its Judgement Free Zone and non-intimidating environment, has extended its judgement free philosophy outside of its gyms with a surprise unveiling of the nation’s first mini Planet Fitness gym housed within a Boys & Girls Club. The brand new fitness facility was built in the Boys & Girls Club of Manchester, N.H. and will provide nearly 1,700 kids and teens the ability to work out and learn how to live a healthier lifestyle, and most importantly, do so without being judged or bullied. 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...

Planet Fitness Appoints Frances Gregg Rathke to Board of Directors
Posted: August 4, 2016 in Chains

Planet FitnessNEWINGTON, N.H. - Planet Fitness, Inc. (NYSE: PLNT), one of the largest and fastest-growing franchisors and operators of fitness centers in the U.S., announced the appointment of Frances Gregg Rathke to the Planet Fitness Board of Directors' Audit Committee. Chris Rondeau, Chief Executive Officer of Planet Fitness, Inc. said, "I am excited to welcome Fran, a seasoned financial executive, to our Board of Directors. She brings with her a wealth of business and finance expertise leading entrepreneurial growth companies which will be highly beneficial to Planet Fitness and our shareholders as we continue to build on brand momentum and execute our growth strategy." Read More...

Planet Fitness Scheduled to Open Second Club in Columbus, Georgia
Posted: July 18, 2016 in Chains

Planet FitnessCOLUMBUS, GA - Planet Fitness, the innovative health club franchise known for its Judgement Free Zone and affordable prices, announced plans to open its second location in Columbus, GA. The club is scheduled to open by mid-August. The new 20,000 square-foot Planet Fitness will offer an extensive selection of the latest cardio equipment including treadmills, ellipticals, arc trainers, stair climbers and stationary bikes, each connected to its own HDTV; state of the art strength equipment for both upper and lower body, a 30-Minute Express Circuit and luxurious locker rooms with day lockers and showers. The club will also feature a PF Black Card Spa, with multi-level tanning, HydroMassage beds and lounges as well as reclining massage chairs. Unlimited fitness training is also included in all memberships at no additional charge. Read More...

Planet Fitness Ranked One of The Best Franchises In America By Forbes
Posted: July 1, 2016 in Chains

Planet FitnessNEWINGTON, N.H. - Planet Fitness, Inc. (NYSE: PLNT), one of the largest and fastest-growing franchisors and operators of fitness centers in the U.S., ranked #4 on Forbes' annual list of America's Best and Worst Franchises in the category of best franchises with an initial investment of $500,000 and over. "We are thrilled to be acknowledged as one of the best franchises in America," said Planet Fitness' Chief Executive Officer, Chris Rondeau. "The ranking further demonstrates that our easy-to-operate model, strong store-level economics and brand strength make for a highly attractive franchise system built for growth; one that has enabled us to attract a team of passionate, successful franchisees from a variety of industries." Read More...

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