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UNITING THE WORLD OF FITNESS
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Health Club Management

Health Club Management

News

Planet Fitness raises outlook for year end after positive quarter

I believe we're just beginning to scratch the surface of the company’s full potential
– Christopher Rondeau, chief executive, Planet Fitness

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.”

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Gym chain Planet Fitness has raised its outlook for 2017 revenues to US$430m (€369.4m, £327.7m) following its third-quarter trading statement.
HAF
THUMB22894_238826.jpg
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Planet Fitness raises outlook for year end after positive quarter

I believe we're just beginning to scratch the surface of the company’s full potential
– Christopher Rondeau, chief executive, Planet Fitness

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.

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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.”

Sign up for FREE ezines & magazines
Gym chain Planet Fitness has raised its outlook for 2017 revenues to US$430m (€369.4m, £327.7m) following its third-quarter trading statement.
HAF
THUMB22894_238826.jpg

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A year after the launch of its first outdoor gym made from melted down, confiscated knives, Steel Warriors has won the support of the Co-op, which has pledged to fund the roll-out of a further 20 calisthenics gyms, as Kath Hudson reports
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Partnering with established local chain, Talwalkars, David Lloyd Leisure is set to take its luxury, family-oriented clubs to India, with the first location opening in Pune this summer. Steph Eaves spoke to Bruce Gardner and Prashant Talwalkar to find out more
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promotion
As an industry, we still underestimate the power of a truly varied fitness regime - and the growing appetite for it, especially among emerging customer segments.
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Nautilus - Glute Drive
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Click on a catalogue to view it online
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Lockers/interior design
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Management software
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Direct debit solutions
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