Exercise Professionals - Planet Fitness raises outlook for year end after positive quarter...
23 Nov 2017 Exercise professionals: News, jobs and training
 
 
HOME
JOBS
NEWS
FEATURES
PRODUCTS
FREE DIGITAL SUBSCRIPTION
PRINT SUBSCRIPTION
ADVERTISE
CONTACT US
Sign up for FREE ezine
Latest news

10 Nov 2017

Planet Fitness raises outlook for year end after positive quarter
BY Deven Pamben

Planet Fitness has more than 1,400 clubs in the US, Puerto Rico, Canada and the Dominican Republic

Planet Fitness has more than 1,400 clubs in the US, Puerto Rico, Canada and the Dominican Republic

Gym chain Planet Fitness has raised its outlook for 2017 revenues to US$430m (€369.4m, £327.7m) following its third-quarter trading statement.

During the July to September period it opened 31 new franchises, taking its portfolio of clubs to 1,432 in the US, Puerto Rico, Canada and the Dominican Republic. It has 10.5 million members.

Revenues increased by 12.1 per cent to US$97.5m (€83.8m, £74.3m) during the three-month period, up from US$87m (€74.7m, £66.3m) in the same period last year.

A breakdown shows that franchise revenue increased 30.6 per cent to US$35.6m (€30.6m, £27.1m); turnover at its corporate-owned clubs rose 7.1per cent to US$28.6m (€24.6m, £21.8m); and its equipment segment revenue grew 0.8 per cent to US$33.4m (€28.7m, £25.5m).

As a result, the company has raised its revenue outlook for 2017 by US$15m (€12.9m, £11.4m) to US$430m.

“I believe we're just beginning to scratch the surface of the company’s full potential,” said Christopher Rondeau, the brand’s chief executive.

“My optimism is fuelled by the long runway for store growth, the financial and operational strength of our franchisees, our growing national advertising fund and ability to continue to attract casual and first-time gym users to our unique fitness experience, and the growing consumer shift towards health and wellness.”



Connect with
Exercise Professionals
Magazine:
View issue contents
Sign up:
Instant Alerts/zines

Print edition
 

News headlines
Hawkins/Brown complete timber pool facility for 'swimming among the trees'
Hawkins/Brown complete timber pool facility for 'swimming among the trees'   23 Nov 2017

Architects HawkinsBrown have completed an elegant timber pool hidden among the trees for a school in the English county of Surrey. Swimmers using .... more>>
PTs not trained with the right skills say European operators
PTs not trained with the right skills say European operators   23 Nov 2017

Around 65 per cent of European fitness operators believe PTs are not trained with the skills they want, according to new findings announced today (23 .... more>>
Video: Alan Shearer opens new Speedflex studio as Bannatyne plans five more this year
Video: Alan Shearer opens new Speedflex studio as Bannatyne plans five more this year   23 Nov 2017

Former England football captain Alan Shearer has helped launch the second of seven new Speedflex studios planned by Bannatyne Group before the end of .... more>>
Even 'modest' levels of physical activity good for elderly hearts, finds 18-year study
Even 'modest' levels of physical activity good for elderly hearts, finds 18-year study   22 Nov 2017

Elderly people must take part in low-intensity physical activity and avoid being sedentary to help reduce the risk of heart attacks and stroke, .... more>>
Virgin Active strengthens group exercise offering as Israel Rivera joins from US
Virgin Active strengthens group exercise offering as Israel Rivera joins from US   22 Nov 2017

Virgin Active has appointed New Yorker Israel Rivera in a newly-created role of head of group exercise - further evidence of the operator focusing .... more>>
Apple’s GymKit debuts in Fitness First Australia clubs
Apple’s GymKit debuts in Fitness First Australia clubs   21 Nov 2017

Fitness First Australia has become the first operator in the world to introduce cardio equipment to its gym floor that pairs wirelessly with Apple .... more>>
Company profile


Focus Training

Founded in 1999, the company delivers high quality courses and achieves excellent levels of student satisfaction.

View full profile>>

Catalogue gallery


Featured Supplier

Swimming great, Steve Parry, to address active-net 2018 delegates

Swimming great, Steve Parry, to address active-net 2018 delegates

One of Britain’s greatest swimmers, Olympic medallist, Steve Parry, has been confirmed as active-net 2018’s after dinner speaker.

More>>




in this issue

• Pure Gym sold to US investors LGP
• 1Rebel secures £6.6m for expansion
• Admiralty Arch set for hotel conversion



Latest jobs

Jobs Search



Personal Trainers
Salary: Self-Employed
Location: London, United Kingdom
Company: Everyone Active
Fitness Instructors
Salary: £14 per hour
Location: Camden & Watford, United Kingdom
Company: Finesse Corporate
Apprentice Recreation Assistant (Lifeguard) - Morden
Location: Morden, United Kingdom
Company: GLL
Personal trainers
Salary: Self Employed
Location: Camberwell, London, United Kingdom
Company: Everyone Active
Diary dates
Powered by leisurediary.com




23 Nov 2017

Beautyworld Middle East Roadshow to Nigeria

Sheraton Hotel, Lagos, Nigeria


23-24 Nov 2017

European Health Prevention Day

Chamber of Commerce (IHK) , Wiesbaden, Germany



Health Club Management magazine 2017 issue 11
Health Club Management
2017 issue 11

View issue contents
View on turning pages
Download PDF
  Interview: BodySPace
Luxury London spa ESPA Life at Corinthia recently launched a tech-centred hybrid fitness and wellness concept: BodySPace. We meet the duo behind it More>>
  Interview: Joan Murphy & Pip Black
Frame founders Pip Black and Joan Murphy on why their brand is focused on feelgood fitness rather than aesthetics More>>


Health Club Management magazine 2017 issue 10

Health Club Management
2017 issue 10

View issue contents
View turning pages
Download PDF
  Research: Working out the brain
New research shows that exercising just before studying can improve the Brain More>>
  Supplier showcase: Racing ahead
Cybex kits out F1 team William Racing’s gym, and Precor’s Queenax units feature in a £5m Lancaster leisure centre revamp More>>


Published by The Leisure Media Company Ltd Portmill House, Portmill Lane, Hitchin, Herts SG5 1DJ. Tel: +44 (0)1462 431385 | Contact us | About us | © Cybertrek Ltd