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Health and Fitness Club Industry News: Chains

Monday, March 1st, 2021

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Planet Fitness Franchisee National Fitness Partners Grows Footprint, Acquires 16 Clubs in Ohio and Pennsylvania
Posted: January 27, 2021 in Chains

Planet FitnessCAMP HILL, PA, CHARLOTTE, N.C. and ATLANTA, GA - Planet Fitness franchisee National Fitness Partners (“NFP” or the “company”) has announced the acquisition of 16 Planet Fitness clubs, including 15 locations in the greater Cleveland and Akron-Canton, Ohio markets and one location in central Pennsylvania from two different sellers (the “transaction”). The transaction, which was financed with junior capital from funds managed by the Credit Group of Ares Management Corporation (“Ares”), strategically expands NFP’s growing footprint, which now includes 94 Planet Fitness clubs with exclusive rights to develop 40 plus additional clubs in Pennsylvania, Ohio, Delaware, North Carolina and South Carolina. Read More...

Planet Fitness Expands Board of Directors with Two New Appointments
Posted: January 20, 2021 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. with more members than any other fitness brand, has announced the appointments of Bernard Acoca, Chief Executive Officer and President for El Pollo Loco, and Christopher Tanco, Executive Vice President and Chief Operating Officer for 7–Eleven, to its Board of Directors, effective immediately. Read More...

New Planet Fitness Prototype Unveiled for the New Year
Posted: December 30, 2020 in Chains

Planet FitnessST. LOUIS, MO - In 2020, Planet Fitness partnered with Poettker Construction on three health fitness clubs located throughout the greater St. Louis area. Poettker also served as the construction manager for the Festus, Washington and Ballwin, Missouri locations, which opened to members in time for the New Year. The Festus and Washington locations each feature a new two-story ground-up prototype with a gross floor area of 30,000 square feet, allowing ample space for hundreds of machines and free weights. Planet Fitness and Poettker Construction already have plans for several more facilities to break ground in 2021. Read More...

Fitness is an Essential Component of Overall Health and Wellness: New National Survey Finds That 91% of Americans with a New Year’s Resolution for 2021 Set One Tied to Fitness
Posted: December 29, 2020 in Chains

Planet FitnessHAMPTON, N.H. - In reflecting on 2020, Planet Fitness set out to understand how Americans feel about New Year's resolutions and which ones are most top-of-mind moving forward. The Judgement Free Zone commissioned a national study*, which identified that more than four in five (84%) of those surveyed plan to make at least one resolution in 2021, with fitness and overall health and wellness being key priorities. Additional survey insights include... Read More...

Planet Fitness Promotes Bill Bode To Chief Operations Officer
Posted: December 16, 2020 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. with more members than any other fitness brand, has announced that Bill Bode has been promoted to Chief Operations Officer. Bode previously served as Senior Vice President of Franchise Operations upon joining the company in 2016. He will continue to serve on Planet Fitness' leadership team reporting directly to Chief Executive Officer, Chris Rondeau. Read More...

Planet Fitness Returns As Presenting Sponsor of Times Square’s Iconic New Year’s Eve Celebration
Posted: December 2, 2020 in Chains

Planet FitnessHAMPTON, N.H. - Planet Fitness, Inc., one of the largest and fastest-growing global franchisors and operators of fitness centers with more members than any other fitness brand, has announced that it will again return as the presenting sponsor of Times Square's New Year's Eve celebration for the sixth consecutive year, in partnership with Times Square Alliance and Countdown Entertainment. Read More...

Planet Fitness, Inc. Announces Third Quarter 2020 Results
Posted: November 5, 2020 in Chains

Planet FitnessHAMPTON, N.H. - Planet Fitness, Inc. (NYSE:PLNT) reported financial results for its third quarter ended September 30, 2020: Total revenue decreased from the prior year period by 36.8% to $105.4 million. System wide same store sales decreased 5.6%. Net (loss) income attributable to Planet Fitness, Inc. was a loss of $3.1 million, or $0.04 per diluted share, compared to income of $25.8 million, or $0.31 per diluted share in the prior year period. Net (loss) income decreased 111.1% to a net loss of $3.3 million, compared to net income of $29.7 million in the prior year period. Adjusted net income decreased 95.1% to $1.6 million, or $0.02 per diluted share, compared to $33.1 million, or $0.36 per diluted share in the prior year period. Adjusted EBITDA decreased 51.3% to $32.0 million from $65.7 million in the prior year period. 29 new Planet Fitness stores were opened during the period, bringing system-wide total stores to 2,086 as of September 30, 2020. Cash of $501.6 million as of September 30, 2020, which includes cash and cash equivalents of $419.7 million and restricted cash of $81.9 million. Read More...

Planet Fitness Awards $225,000 in Scholarships to 45 Boys & Girls Club Youth for Their Efforts to Promote a Kinder and More Inclusive World
Posted: September 17, 2020 in Chains

Planet FitnessHAMPTON, N.H. - Planet Fitness, Inc., one of the largest and fastest-growing global franchisors and operators of fitness centers with more members than any other fitness brand, has announced the recipients of its annual Judgement Free Generation scholarships, which recognize teens for their commitment to promoting inclusion, acceptance and kindness. Following a record number of applications, 45 deserving youth from Boys & Girls Clubs throughout the country were each awarded $5,000 for their inspiring efforts to create a brighter, more accepting future. Read More...

Planet Fitness, Inc. Announces Second Quarter 2020 Results
Posted: August 5, 2020 in Chains

Planet FitnessHAMPTON, N.H. - Planet Fitness, Inc. (NYSE: PLNT) reported financial results for its second quarter ended June 30, 2020: Total revenue decreased from the prior year period by 77.9% to $40.2 million. Net (loss) income attributable to Planet Fitness, Inc. was a loss of $29.2 million, or $0.36 per diluted share, compared to income of $34.8 million, or $0.41 per diluted share in the prior year period. Net (loss) income decreased 180.3% to a net loss of $32.0 million, compared to net income of $39.8 million in the prior year period. Adjusted net (loss) income decreased 166.5% to an adjusted net loss of $27.9 million, or $0.32 per diluted share, compared to adjusted net income of $42.0 million, or $0.45 per diluted share in the prior year period. Adjusted EBITDA decreased 112.1% to a loss of $9.3 million from earnings of $76.5 million in the prior year period. 21 new Planet Fitness stores were opened during the period, bringing system-wide total stores to 2,059 as of June 30, 2020. Cash and cash equivalents as of June 30, 2020 was $423.6 million. Read More...

Planet Fitness to Require Face Masks in All Locations Effective August 1
Posted: July 27, 2020 in Chains

Planet FitnessHAMPTON, N.H. - Planet Fitness, Inc. (NYSE: PLNT), one of the largest and fastest-growing global franchisors and operators of fitness centers with more members than any other fitness brand, has announced that members and guests will be required to wear a mask at all times while inside all open stores, beginning August 1. Currently, all Planet Fitness employees are required to wear masks. To date, the company has approximately 1,450 locations open across 46 states, the District of Columbia, Canada and Australia. Read More...

Planet Fitness Donates More Than 10,000 Slices Of Pizza to Healthcare Workers Nationwide in Honor of Fitness Brand’s Pizza Monday
Posted: May 26, 2020 in Chains

Planet FitnessHAMPTON, N.H. - Planet Fitness, Inc., one of the largest and fastest-growing global franchisors and operators of fitness centers with more members than any other fitness brand, recently donated more than 10,000 pizza slices, valued at $25,000, in honor of the fitness brand’s Pizza Monday, where members are traditionally treated to pizza on the first Monday of the month. The donation effort is in partnership with Pizza vs. Pandemic, an organization formed by Slice Out Hunger, Slice and Pizza to the Polls, who are feeding frontline workers by coordinating pizza deliveries with independent pizzerias. Read More...

Planet Fitness, Inc. Announces First Quarter 2020 Results and Provides COVID-19 Update
Posted: May 5, 2020 in Chains

Planet FitnessHAMPTON, N.H. - Planet Fitness, Inc. (NYSE: PLNT) has reported financial results for its first quarter ended March 31, 2020 and provided a further update on its response to COVID-19. The majority of stores remain temporarily closed and will reopen when local authorities issue guidelines authorizing the reopening of fitness centers, which has begun to happen in certain localities. The following is a summary of the current status of Planet Fitness and the actions taken to mitigate the financial impact of COVID-19 and preserve liquidity to-date... Read More...

Planet Fitness and iFit Unite to Bring New Streaming Workouts to Member’s Homes
Posted: April 13, 2020 in Chains, Suppliers

Planet FitnessHAMPTON, N.H. - Planet Fitness, Inc. (NYSE: PLNT), one of the largest and fastest-growing global franchisors and operators of fitness centers with more members than any other fitness brand, has announced a partnership with iFit, a leader in streaming home workouts, and the pioneer in interactive connected fitness technology with more than 275 patents. As leaders in both the in-club and at-home connected fitness industries, Planet Fitness and iFit have united to create new in-home workouts for people of all fitness levels and interests that are fun, motivating and judgement free. Read More...

Planet Fitness Changes to a Virtual-Only Format for Its Annual Meeting of Shareholders
Posted: April 6, 2020 in Chains

Planet FitnessHAMPTON, N.H. - Planet Fitness, Inc. (NYSE: PLNT), one of the largest and fastest-growing global franchisors and operators of fitness centers with more members than any other fitness brand, has announced that, due to the public health and safety concerns related to the COVID-19 pandemic, the Company will change its 2020 Annual Meeting of Shareholders (including any adjournments or postponements, the "Annual Meeting") to a virtual-only format. As previously announced, the Annual Meeting will be held at 2:00 PM EST on Thursday, April 30, 2020. Read More...

Planet Fitness Provides Business Update in Response to COVID-19
Posted: March 30, 2020 in Chains

Planet FitnessHAMPTON, N.H. - Planet Fitness, Inc. (NYSE: PLNT), one of the largest and fastest-growing global franchisors and operators of fitness centers with more members than any other fitness brand, has provided a further update on its response to COVID-19. Read More...

Planet Fitness Provides Update on COVID-19
Posted: March 18, 2020 in Chains

Planet FitnessHAMPTON, N.H. - Planet Fitness, Inc. (NYSE: PLNT), one of the largest and fastest-growing global franchisors and operators of fitness centers with more members than any other fitness brand, has announced updates to its business operations. In response to the evolving COVID-19 pandemic, and with the majority of stores system-wide temporarily closed as March 17, Planet Fitness has made the decision to close the remainder of its corporate stores through March 31st and is strongly urging its franchisees to do the same. The Company will reevaluate the timing of reopening on an ongoing basis. Planet Fitness has recently enhanced the functionality of its mobile app to include access to fitness content and over 500 exercises for in-home workouts. The company is encouraging members to utilize this amenity during this time of social distancing. Read More...

Planet Fitness Appoints Enshalla Anderson to Board of Directors
Posted: February 3, 2020 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 with more members than any other fitness brand, has announced the appointment of Enshalla Anderson to its Board of Directors, effective immediately. Additionally, the Company has announced internal senior leadership appointments focused on strengthening its leadership team to support its accelerating growth. Read More...

Planet Fitness Will Once Again be the National Gym Sponsor of USA Network’s “The Biggest Loser”
Posted: January 24, 2020 in Chains

Planet FitnessHAMPTON, N.H. - Planet Fitness, Inc., one of the largest and fastest-growing global franchisors and operators of fitness centers with more members than any other fitness brand, announced it is the official national gym partner of the reboot of the popular TV series, 'The Biggest Loser.' A revamped version of the original hit series, 'The Biggest Loser,' will provide 12 contestants with a 360-degree view of what it takes to make positive lifestyle changes. Contestants will then prepare for each week's challenge in 'The Biggest Loser' gym that is completely equipped by Planet Fitness. Read More...

Planet Fitness Ranked #7 In Entrepreneur Magazine’s Franchise 500
Posted: January 16, 2020 in Chains

Planet FitnessHAMPTON, N.H. - Planet Fitness, Inc. (NYSE: PLNT), one of the largest and fastest-growing global franchisors and operators of fitness centers with more members than any other fitness brand, has announced it has been ranked number seven in Entrepreneur Magazine's Franchise 500, the world's first, best and most comprehensive franchise ranking, for its outstanding performance in areas including unit growth, financial strength and stability, and brand power. Read More...

Planet Fitness Reaches 2,000th Location Milestone
Posted: January 7, 2020 in Chains

Planet FitnessHAMPTON, N.H. - Planet Fitness, Inc. (NYSE: PLNT), one of the largest and fastest-growing global franchisors and operators of fitness centers with more members than any other fitness brand, announced that it has opened its 2,000th location in Colorado Springs, Colorado on December 31st, 2019. The Company also opened its 2,001st location on December 31, 2019, bringing its 2019 total openings to a record 261. Read More...

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