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Health and Fitness Club Industry News: Chains

Thursday, July 29th, 2021

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Planet Fitness Awards $150,000 In Scholarships To 30 Boys & Girls Clubs Of America Teens For Their Efforts To Promote A Kinder And More Inclusive World
Posted: June 30, 2021 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 in their communities. Thirty deserving Boys & Girls Clubs of America teens were each awarded $5,000 for their inspiring efforts to create a brighter, more accepting future, of which nearly two-thirds (63%) of recipients will be first-generation college students. Read More...

Planet Fitness Appoints Sherrill Kaplan Chief Digital Officer
Posted: June 9, 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, announced that Sherrill Kaplan has been appointed Chief Digital Officer. Ms. Kaplan joins the brand this month leading the company's digital vision and strategy, including the continuous evolution of its mobile app, with a focus on consumer engagement, loyalty and a differentiated omni-channel experience to accelerate Planet Fitness' growth and success. She will report directly to Chris Rondeau, Chief Executive Officer. Read More...

Planet Fitness Opening in Ellicott City
Posted: June 3, 2021 in Chains

Planet FitnessTIMONIUM, MD - Planet Fitness, one of the nation’s largest and fastest-growing franchisors and operators of fitness centers with more members than any other fitness brand announces further expansion in Maryland. In mid-August, its second Howard County location is scheduled to open in Elliott City. Read More...

Planet Fitness and iFIT Strengthen Partnership
Posted: May 6, 2021 in Chains, Suppliers

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 a minority investment in iFIT, a leading global health and fitness technology company that develops and sells interactive software, content and equipment. This investment builds upon Planet Fitness and iFIT's existing collaboration announced in April 2020, in which Planet Fitness partnered with iFIT to accelerate Planet Fitness' digital offerings with expanded and enhanced content. Read More...

Planet Fitness Study Finds More Than Three in Four Americans (77%) Say the COVID-19 Pandemic Has Negatively Impacted Their Overall Health
Posted: May 3, 2021 in Chains

Planet FitnessHAMPTON, N.H. - Results from a national study**, commissioned by Planet Fitness in April, show more than three in four (77%) Americans report that at least one aspect of their overall health and wellbeing has been negatively impacted by the pandemic. The American Psychological Association similarly found*** that more than half of U.S. adults (53%) have been less physically active than they wanted to be since the pandemic started, with a majority (61%) experiencing undesired weight changes, averaging 28 to 41 pounds gained. But, there is light at the end of the tunnel, with Planet Fitness finding that 92% of impacted Americans noting they are proactively doing at least one thing to improve their mental health. Read More...

Planet Fitness Appoints Mary Bradley, Senior Vice President of Corporate Club Operations
Posted: April 27, 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 appointment of Mary Bradley as Senior Vice President of Corporate Club Operations, effective immediately. Bradley will be responsible for all facets of the Company's Corporate Club portfolio, leading and developing the team, overseeing overall operations, implementing cross-functional initiatives and identifying strategic growth and future expansion of the brand's corporate store fleet, which currently consists of 104 stores across 10 states and Canada. She will report directly to Bill Bode, Chief Operations Officer. Read More...

PF Growth Partners Making California Debut
Posted: April 12, 2021 in Chains

Planet FitnessTIMONIUM, MD - PF Growth Partners, LLC (PFGP), an award-winning franchise division of Planet Fitness, is going to “The Golden State.” In June, the Timonium, Maryland-based group is scheduled to open its first California gym in San Bruno, bringing its portfolio to 70 U.S. clubs and six Australian clubs. The 11,996-square-foot San Bruno club will offer state-of-the-art cardio machines and strength equipment, 30-Minute Express Circuit, fully equipped locker rooms with day lockers and showers, numerous flat screen televisions, HydroMassage beds, massage chairs, tanning beds, a Total Body Enhancement booth and more. Read More...

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...

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