Health and Fitness Club Industry News: Chains
Wednesday, September 30th, 2026
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...
Breaking News: The Planet Fitness IPO Launched Today
Posted: August 6, 2015 in Chains
NEW YORK, N.Y. - Today, with the opening of the New York Stock Exchange, the Planet Fitness IPO took place and their stock began to trade under the ticker symbol PLNT (See Video). The IPO was estimated to raise $216 million for Planet Fitness. Stay Tuned, as we will have full coverage of the IPO in our August 2015 Edition of Club Insider. Read More...
Planet Fitness To Raise $216 Million With Initial Public Offering
Posted: July 28, 2015 in Chains
NEWINGTON, N.H. - Planet Fitness has begun its initial public offering. The Newington, New Hampshire-based workout center chain announced 13,500,000 shares of its Class A common stock Monday. The company says underwriters will have a 30-day option to buy up to an additional 2,025,000 shares. The price range for the IPO is estimated to be between $14 and $16 per share, which would raise $216 million. Read More...
“Planet Fitness Bill” Vetoed By New Hampshire Governor
Posted: July 21, 2015 in Chains
NEWINGTON, N.H. - As reported in Club Industry Newsbeat and iClubs, New Hampshire Governor, Maggie Hassan, has vetoed a bill that would given Planet Fitness a tax break as it proceeds with an IPO filed last month. The bill would have made the selling of stocks without tax liability easier for public companies, thus affecting Planet Fitness directly. Read More...
Gold’s Gym, Xsport Fitness and Planet Fitness Top J.D. Power 2015 Health and Fitness Center Satisfaction Report
Posted: July 2, 2015 in Chains
WESTLAKE VILLAGE, CA - Gold’s Gym ranks highest in customer satisfaction among national health and fitness centers, according to the J.D. Power 2015 Health and Fitness Center Satisfaction Report. The inaugural report measures customer satisfaction with health and fitness centers by examining seven factors (in alphabetical order): cleanliness; equipment condition; helpfulness of the staff; price; safety; variety of classes; and variety of equipment and amenities in the facility. Satisfaction is measured on a 1,000-point scale. Read More...
Planet Fitness IPO News Roundup
Posted: June 23, 2015 in Chains
NEWINGTON, N.H. - The Newington, New Hampshire-based company that coined the term, the "Judgement Free Zone," Planet Fitness, has filed for an IPO. Being among several fitness-based companies to do so this year, it has caused a flurry of activity and speculation in the markets and media covering the story. Here's a roundup of some of those stories... Read More...
Planet Fitness Opens 1,000th Club
Posted: June 10, 2015 in Chains
NEWINGTON, NH - Planet Fitness, one of the largest and fastest-growing franchisors and operators of fitness centers in the United States, announced the opening of its 1,000th club in Washington, DC. In honor of this significant milestone, Planet Fitness welcomed people nationwide to join the celebration, as all 1,000 Planet Fitness locations in the United States and Canada opened their doors on June 11 for a “Free Day of Fitness,” allowing anyone to experience a free, non-intimidating workout with no commitment. Read More...
Planet Fitness Plans To Go Public
Posted: May 26, 2015 in Chains
NEW YORK, N.Y. - Planet Fitness, the company known for its low-cost purple-and-yellow gyms, plans to go public. The company said Tuesday that it filed a "draft registration statement" to the Securities and Exchange Commission for an initial public offering. The filing is confidential and the paperwork is sealed from the public. Under the law, companies that have revenue under $1 billion are able to submit confidential IPO drafts to the SEC. Read More...
$1 Million Scholarship Established at Philadelphia University to Honor Planet Fitness CEO Chris Rondeau
Posted: May 13, 2015 in Chains
PHILADELPHIA, PA - Members of the Planet Fitness family joined together to donate more than $1 million to endow a new scholarship fund at Philadelphia University in honor of Planet Fitness CEO Chris Rondeau. The scholarship, announced by Philadelphia University President Stephen Spinelli Jr. at the Verizon Philadelphia University Celebration of Innovation on May 9, was a surprise to Rondeau. Read More...
Planet Fitness Opens New Location in Downtown Boston
Posted: April 16, 2015 in Chains
BOSTON, MA – Planet Fitness, the innovative health club franchise known for its Judgement Free Zone and affordable prices, announced the opening of its newest club in downtown Boston. The new corporately owned location is located at 17 Winter Street near Downtown Crossing. Read More...
