Planet Fitness

Planet Fitness, Inc. engages in the operation and franchising of fitness centers. It operates through the following segments: Franchise, Corporate-Owned Stores, and Equipment. The Franchise segment includes operations related to the company's franchising business in the United States, Puerto Rico, Canada, the Dominican Republic, Panama, Mexico, and Australia. The Corporate-Owned Stores segment comprises operations with respect to all Corporate-owned stores throughout the United States and Canada. The Equipment segment involves the sale of equipment to franchisee-owned stores. The company was founded by Michael Grondahl and Marc Grondahl in 1992 and is headquartered in Hampton, NH.

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Planet Fitness reports record growth in Q4 2022, eyes international expansion

Planet Fitness delivered a strong performance in Q4 2022, with record membership growth, positive financial indicators, and a focus on digital engagement and member retention. Despite challenges like rising construction costs and evolving member preferences, the company remains optimistic about future growth prospects, aiming to double membership and expand globally.

Planet Fitness excels in Q1, eyes international growth opportunities

Planet Fitness demonstrated robust performance in Q1, driven by membership growth and strategic investments.
While facing challenges like higher interest rates and margin impacts, the company remains resilient and focused on growth opportunities.
With a strong emphasis on international expansion and member engagement, Planet Fitness is poised for continued success.

Planet Fitness reports robust Q2 performance amidst franchisee challenges

Planet Fitness delivered a strong Q2 performance with notable membership growth and improved member retention. While facing challenges in store development and franchisee profitability, the company is focused on supporting franchisees and exploring growth avenues. Opportunities lie in expanding internationally and enhancing store economics.

Planet Fitness excels in Q3 with new growth strategies

Planet Fitness showcased robust growth in Q3 2023, driven by strong membership numbers and financial performance.
The company's new growth model aims to optimize store economics and enhance returns for franchisees.
Despite challenges in store development, Planet Fitness is exploring opportunities to innovate pricing and marketing strategies for sustained growth.

Planet Fitness reports robust growth and strategic expansion plans

Planet Fitness delivered strong financial results and strategic initiatives in 2023, positioning the company for continued growth and market expansion.
While facing challenges in real estate and pricing optimization, the brand's adaptability and focus on member experience present opportunities for future success.
With a diverse member base, international expansion plans, and ongoing innovation, Planet Fitness remains well-positioned in the fitness industry.
The company's proactive approach to addressing market dynamics and enhancing franchisee economics underscores a commitment to sustainable growth.

Planet Fitness reports strong Q1 performance and strategic growth focus

Planet Fitness reported strong Q1 2024 performance with notable member growth and EBITDA increases. Challenges in net new member growth and marketing impact were acknowledged.
The company's strategic decisions on pricing adjustments and debt refinancing demonstrate adaptability. New CEO's appointment and marketing strategy review indicate a focus on future growth.
Opportunities in pricing adjustments, marketing strategy reallocation, and international expansion efforts in Spain are key focus areas. Franchisee sophistication and positive test results provide a strong foundation for growth.
Overall, Planet Fitness remains well-positioned for growth with a focus on strategic decision-making, marketing effectiveness, and international expansion opportunities.

Planet Fitness excels in Q2, eyes growth through strategic focus

Planet Fitness delivered strong financial performance in Q2 with notable growth in stores, sales, revenue, and EBITDA.
The company's leadership is strategically focused on growth, member experience, and profitability.
Challenges lie in maintaining growth momentum, managing costs, and navigating pricing strategies.
Opportunities exist in leveraging leadership expertise, exploring pricing tests, expanding store footprint, and optimizing equipment mix.

Planet Fitness reports strong Q3 performance and eyes growth opportunities

Planet Fitness (PLNT) delivered a robust performance in Q3 2024, showcasing growth in sales, revenue, and adjusted EBITDA, along with a membership increase to 19.6 million.
The company's strategic imperatives focus on brand strategy, member experience enhancement, and new club growth, supported by a new CFO emphasizing collaboration.
While challenges like member churn and pricing strategies exist, Planet Fitness has opportunities in expanding engagement programs, international markets, and product refinement.
Overall, Planet Fitness demonstrates strength in its business model, leadership transition, and potential for growth amidst competitive challenges in the fitness industry.

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Sunshine Fitness operates 114 Planet Fitness clubs in Alabama, Florida, Georgia, North Carolina, and South Carolina. The transaction is expected to close in the first quarter of 2022.

Planet Fitness to buy franchisee Sunshine Fitness in $800 million deal.

Planet Fitness Inc (NYSE: PLNT) jumped more than 5.0% in the stock market this morning after announcing a new acquisition that it said will boost its earnings by more than 10% in 2022. Transaction to complete in Q1 of 2022 Planet Fitness on Tuesday said it will buy Sunshine Fitness for $800 million in cash […] The post Planet Fitness to spend $800 million on an acquisition appeared first on Invezz.

Planet Fitness to spend $800 million on an acquisition

The Hampton, NH-based company said the acquisition is coming on the heels of strong growth in 2021, in which it added 1.7 million new customers.

Planet Fitness bulks up with $800M franchise acquisition

Planet Fitness, Inc. on Tuesday (Jan. 11) signed a definitive agreement to acquire Sunshine Fitness Growth Holdings, LLC, which owns and operates more than 100 Planet Fitness clubs in the southeast U.S. for $800 million in cash and stock, according to a press release.  Planet Fitness will fund the cash portion of the acquisition through […]

Planet Fitness Acquiring Sunshine Fitness' 114 Locations

Planet Fitness Inc. PLNT, -2.94% said Tuesday it agreed to buy Sunshine Fitness Growth Holdings LLC from private equity firm TSG Consumer Partners for $800 million. Sunshine Fitness owns and operates more than 100 Planet Fitness clubs in the Southeast United States.

Planet Fitness buying franchisee Sunshine Fitness from TSG Consumer Partners

Planet Fitness said the transaction is expected to close in the first quarter of 2022.

Planet Fitness to buy franchisee Sunshine Fitness in $800 million deal

HAMPTON, N.H., Jan. 11, 2022 /PRNewswire/ --  Planet Fitness, Inc. (NYSE: PLNT), one of the largest and fastest-growing franchisors and operators of fitness centers with more members than any other fitness brand, announced today it has signed a definitive agreement to acquire Sunshine Fitness Growth Holdings, LLC ("Sunshine Fitness"), a leading owner and operator of more than 100 Planet Fitness clubs in the Southeast United States in a cash and stock transaction valued at $800 million.

PLANET FITNESS, INC. TO ACQUIRE 114 LOCATIONS FROM ONE OF ITS TOP FRANCHISEES, SUNSHINE FITNESS GROWTH HOLDINGS, LLC.

HAMPTON, N.H., Jan. 7, 2022 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT), one of the largest and fastest-growing franchisors and operators of fitness centers with more members than any other fitness brand, today announced it has been recognized as one of the top franchises in Entrepreneur magazine's Franchise 500®, the world's most comprehensive franchise ranking.

Planet Fitness Ranked #7 Overall In Entrepreneur Magazine's Franchise 500®

In the latest trading session, Planet Fitness (PLNT) closed at $92.04, marking a +1.61% move from the previous day.

Planet Fitness (PLNT) Outpaces Stock Market Gains: What You Should Know

U.S. gym visits for the month of October were down just 8% from 2019 pre-pandemic levels, according to tracking data from investment firm Jefferies.

Planet Fitness CEO says gym visits are holding up against the omicron variant

HAMPTON, N.H., Jan. 3, 2022 /PRNewswire/ -- Planet Fitness, one of the largest and fastest-growing global franchisors and operators of fitness centers with more members than any other fitness brand, is the first fitness brand to achieve the WELL Health-Safety Rating for Facility Operations and Management by the International WELL Building Institute (IWBI).

PLANET FITNESS BECOMES FIRST FITNESS BRAND TO ACHIEVE THE WELL HEALTH-SAFETY RATING

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The pandemic has made many Americans more health-conscious, making fitness stocks a very good pick at this point. The post 3 Fitness Stocks to Buy to Pump Up Your Portfolio appeared first on InvestorPlace.

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Planet Fitness (PLNT) consistent focus on strategic partnership and international expansion to drive growth.

Here's Why Investors Should Retain Planet Fitness (PLNT) Stock

Finding a way to stick around and stay relevant in a constantly evolving market is critical.

Planet Fitness Has Cracked the Fitness Code

Peloton

“It was the best of times, it was the worst of times.” The opening line from Charles Dickens' classic novel “A Tale of Two Cities” could perfectly sum up two personal fitness stocks headed in opposite directions.

Peloton Vs. Planet Fitness: Who's Winning The Fitness Race Post-Pandemic?

Baird analyst Jonathan Komp raised Planet Fitness Inc's (NYSE:PLNT) price target to $110 from $100 and kept an Outperform rating on the shares. The analyst said he sees a compelling lineup of additional drivers spanning marketing, digital, and pricing with the company's attractive growth outlook and increasing scale benefits supporting his confidence in positive estimate revisions and justifying its premium valuation.

Analysts Raise Planet Fitness Price Target Post Q3 Beat

Analysts Give Fit Response To Planet Fitness' Q3 Beat

In early 2020, almost overnight, people's houses were transformed from just being a home to also serving as the office, the happy hour locale and the gym — a boon for Peloton and other companies that were ready to step in and help provide consumers with a connected fitness experience, despite closures and public health […]

Peloton's Fall, Planet Fitness' Rise Suggest Connected Fitness Boom Is Over

The stock charts of Peloton Interactive Inc. and Planet Fitness Inc. are worth a thousand words: People seem to prefer going out to the gym to work out over staying home and using their own fitness equipment as COVID lockdowns are lifted.

In One Chart: Peloton stock's pain is the mirror opposite of Planet Fitness' gain

Planet Fitness (PLNT) third-quarter 2021 performance gains on increased membership levels and positive system-wide same store sales growth.

Planet Fitness (PLNT) Stock Up on Q3 Earnings Beat & Upbeat View

Why Planet Fitness Stock Jumped Today

Planet Fitness, Inc. (PLNT) CEO Chris Rondeau on Q3 2021 Results - Earnings Call Transcript

HAMPTON, N.H., Nov. 4, 2021 /PRNewswire/ -- Today, Planet Fitness, Inc. (NYSE:PLNT) reported financial results for its third quarter ended September 30, 2021.

Planet Fitness, Inc. Announces Third Quarter 2021 Results

Planet Fitness Inc. shares PLNT, +0.17% rose 1.6% in premarket trade Thursday, after the operator of gyms beat estimates for the third quarter and offering above-consensus guidance for the full year. The Hampton, New Hampshire-based company posted net income of $17.4 million, or 21 cents a share, after a loss of $3.1 million, or 4 cents a share, in the year-earlier period, when many gyms were closed during the pandemic.

News for Planet Fitness Stock (PLNT)