Health and Fitness Club Industry News: Chains
Sunday, May 31st, 2026
Planet Fitness Appoints Ray Miolla as Chief Development Officer
Posted: June 12, 2018 in Chains
HAMPTON, 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 Ray Miolla as Chief Development Officer. Mr. Miolla will be responsible for driving strategic initiatives to fuel Planet Fitness' overall system-wide growth, overseeing market analysis, planning and development, real estate, construction and design, and franchise sales. Mr. Miolla joins Planet Fitness with over 20 years of real estate and development experience in domestic and international franchising from global brands like Gap, Burger King and Jamba Juice. Read More...
Atlantic Street Capital-Backed PLNTF Holdings Broadens Footprint with Acquisition of Clubs in Alabama and Virginia
Posted: May 30, 2018 in Chains
STAMFORD, CT - Atlantic Street Capital (Atlantic Street), a private equity firm targeting entrepreneurial businesses poised for the next level of growth, announced that its portfolio company PLNTF Holdings (PLNTF), owner of Planet Fitness health clubs in the greater Indianapolis area, has acquired 14 additional health clubs in Alabama and Virginia as part of the next step in its acquisition strategy to expand into new and growing geographic regions. Read More...
Planet Fitness, Inc. Announces First Quarter 2018 Results
Posted: May 9, 2018 in Chains
HAMPTON, N.H. - Planet Fitness, Inc. (NYSE: PLNT) reported financial results for its first quarter ended March 31, 2018: Total revenue increased from the prior year period by 33.2% to $121.3 million. System-wide same stores sales increased 11.1%. Net income attributable to Planet Fitness, Inc. was $19.9 million, or $0.23 per diluted share, compared to net income attributable to Planet Fitness, Inc. of $8.8 million, or $0.14 per diluted share in the prior year period. Net income was $23.5 million, compared to net income of $17.9 million in the prior year period. Adjusted net income increased 42.3% to $26.2 million, or $0.27 per diluted share, compared to $18.4 million, or $0.19 per diluted share in the prior year period. Adjusted EBITDA increased 15.4% to $48.8 million from $42.3 million in the prior year period. 47 new Planet Fitness franchise stores were opened during the period, bringing system-wide total stores to 1,565 as of March 31, 2018. Read More...
Planet Fitness and HydroMassage Offer Free Massages During Tax Week
Posted: April 9, 2018 in Chains
HAMPTON, N.H. and CLEARWATER, FL - Planet Fitness, Inc., one of the largest and fastest-growing franchisors and operators of fitness centers in the United States, invites everyone, whether a member of the Judgement Free Zone or not, to recover from tax season tension by treating themselves to a free HydroMassage at any of the more than 1,500 Planet Fitness locations nationwide. The limited-time offer is available from April 14 – 21. Read More...
Planet Fitness To Open Largest “Judgement Free” Gym In The Midwest
Posted: February 28, 2018 in Chains
OAKLEY, OH - Planet Fitness, one of the largest and fastest-growing franchisors and operators of fitness centers in the U.S. and home of the Judgement Free Zone, announced its 14th club in the Greater Cincinnati Market. Owned and operated by "Planet Fitness Midwest," the $11 million development will be built in Oakley and has a projected opening date by the end of the year. The new Oakley project marks continued expansion in the Midwest for the franchise group and signifies the 30th Planet Fitness location in the region. Read More...
Planet Fitness, Inc. Announces Fourth Quarter and Fiscal Year 2017 Results
Posted: February 22, 2018 in Chains
HAMPTON, N.H. - Planet Fitness, Inc. (NYSE: PLNT) reported financial results for its fourth quarter and fiscal year ended December 31, 2017 and announced full year 2018 outlook. Fiscal Year 2017 Highlights include: Total revenue increased from the prior year by 13.7% to $429.9 million. System-wide same store sales increased 10.2%. Net income was $55.6 million, which includes the net negative impact of approximately $17.2 million related to the remeasurement of the Company's deferred tax assets and tax benefit arrangements due to recent tax reform, compared to $71.2 million in the prior year. Adjusted net income increased 21.8% to $82.3 million, or $0.84 per diluted share, compared to $67.6 million, or $0.69 per diluted share in the prior year. 210 new Planet Fitness stores were opened system-wide during the year, bringing system-wide total stores to 1,518 at December 31, 2017. Read More...
Brains Over Beauty: 92 Percent Of Americans Prefer Their Significant Other Have a Great Personality Over a Great Body
Posted: February 5, 2018 in Chains
HAMPTON, N.H. - In preparation for this Valentine's Day, Planet Fitness, Inc., one of the largest and fastest-growing franchisors and operators of fitness centers in the United States, uncovered a definitive answer to that age-old question about love, attraction and everything in between: Are we all about the looks? A national study* commissioned by Planet Fitness found that people's perspectives on love actually go far beyond "skin-deep," with more than nine in ten (92%) preferring a partner with a great personality over a great body. And, what about prioritizing what we look for most in a partner? The study's findings also showed that 81% seek a man or woman with a good personality, followed closely by sense of humor (76%), positive attitude (73%) and open-mindedness (62%)... Read More...
Exaltare Capital Expands Fitness Franchise by Acquiring 10 Planet Fitness Health Clubs in Central New York
Posted: January 24, 2018 in Chains
BOSTON, MA - ECP-PF Holdings Group, Inc. (“ECP-PF”), a portfolio company of Exaltare Capital Partners, has announced that it successfully acquired 10 Planet Fitness health clubs in the central New York region from Robert Morris. ECP-PF was formed in 2012 through Exaltare Capital’s acquisition of 15 Planet Fitness health clubs in Connecticut. This acquisition brings ECP-PF’s portfolio of health clubs to 71 locations in Connecticut, upstate New York, New Mexico, Arizona and western Canada. ECP-PF plans to build another 50 locations over the next five years, including at least 10 in upstate New York. Read More...
Planet Fitness Expands Global Footprint to Mexico
Posted: January 16, 2018 in Chains
HAMPTON, 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 Monterrey, Mexico. The country's first Judgement Free Zone in Santa Catarina is expected to officially open this spring. Planet Fitness has over 10.5 million members with clubs located in all 50 states, Puerto Rico, Canada, the Dominican Republic and Panama. Read More...
Planet Fitness Announces Expansion into All 50 States with First Location in Hawaii; Headquarters Acquires 6 Franchise Stores in Long Island
Posted: January 4, 2018 in Chains
HAMPTON, N.H. - Planet Fitness, Inc. (NYSE: PLNT), one of the largest and fastest-growing franchisors and operators of fitness centers in the U.S., has expanded its footprint to all 50 states with the opening of its first club in Hawaii. The first Judgement Free Zone in Hawaii is now open and located at the Ala Moana Center in Honolulu. Read More...
Planet Fitness To Bring On A “Judgement Free” 2018 As Presenting Sponsor Of Times Square’s New Year’s Eve Celebration
Posted: December 13, 2017 in Chains
HAMPTON, N.H. - Planet Fitness, Inc., one of the largest and fastest-growing franchisors and operators of fitness centers in the U.S., announced that it will once again play host to the biggest party on the planet. In partnership with Times Square Alliance and Countdown Entertainment, the Judgement Free Zone is bringing on 2018 as the presenting sponsor of Times Square's New Year's Eve celebration for the third consecutive year, inviting people worldwide to be "Judgement Free" in the New Year and beyond. Approximately one million revelers in Times Square will ring in a "Judgement Free" New Year with bejeweled and festive New Year's Eve party hats and balloons decked out in purple and yellow, the brand's signature colors. Planet Fitness will be featured on "Dick Clark's New Year's Rockin' Eve with Ryan Seacrest 2018" on Sunday, December 31 beginning at 8:00PM EST on the ABC Television Network, with a presence in New York, New Orleans, and Los Angeles, as well as on the Times Square 2018 webcast throughout the night. Read More...
