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Les Mills International
Les Mills International
Les Mills International
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UNITING THE WORLD OF FITNESS
Health Club Management

Health Club Management

News

Revenues jump 67 per cent at Planet Fitness ahead of expansion into new markets

Planet Fitness saw its Q1 2022 revenue increase by 66.9 per cent during Q1 2022
The figure also marks an increase on Q1 2019 revenues – the last comparable quarter not impacted by the pandemic
The operator opened 37 new sites during the period
The company is set to enter New Zealand and Mexico for the first time later this year

Planet Fitness saw its Q1 2022 revenue increase by 66.9 per cent (to US$186.7m) on 2021 – the latest sign that the US fitness market is bouncing back.

Even more impressively, the figure marks an increase on Q1 2019 revenues (US$148.8 million) – the last comparable quarter not impacted by the pandemic.

The operator opened 37 new sites during the period, bringing the system-wide number of clubs to 2,291.

It also acquired one of its franchisees, Sunshine Fitness, increasing the number of its corporate-owned club portfolio by 114 sites.

Chris Rondeau, Planet Fitness CEO, said the company remains "bullish on the future".

"We believe that the acquisition strengthens our powerful business model by enhancing our corporate store team and diversifying the geographic profile of our corporate-owned stores," he said.

"We've also completed a refinancing, which further supports our business model, by locking in low rates on a significant portion of our debt."

Rondeau added that plans to enter into new markets – such as New Zealand and Mexico – are proceeding and will take place later this year.

Planet Fitness announced a deal to grow the New Zealand market this week (10 May 2022), following the signing of an Area Development Agreement with Castle Point Fitness NZ Ltd, a joint venture between the founder of The Fresnel Companies, LLC, a US-based investment firm and a private family office.

The agreement will bring a minimum of 25 Planet Fitness locations to New Zealand over the next "several years".

You can read HCM's recent exclusive interview with Chris Rondeau herehere.

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Ibiza, Ibiza, Spain
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tbc, Dunedin, New Zealand
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17-18 Mar 2023
Tobacco Dock, London, United Kingdom
Diary dates

News

Revenues jump 67 per cent at Planet Fitness ahead of expansion into new markets

Planet Fitness saw its Q1 2022 revenue increase by 66.9 per cent during Q1 2022
The figure also marks an increase on Q1 2019 revenues – the last comparable quarter not impacted by the pandemic
The operator opened 37 new sites during the period
The company is set to enter New Zealand and Mexico for the first time later this year

Planet Fitness saw its Q1 2022 revenue increase by 66.9 per cent (to US$186.7m) on 2021 – the latest sign that the US fitness market is bouncing back.

Even more impressively, the figure marks an increase on Q1 2019 revenues (US$148.8 million) – the last comparable quarter not impacted by the pandemic.

The operator opened 37 new sites during the period, bringing the system-wide number of clubs to 2,291.

It also acquired one of its franchisees, Sunshine Fitness, increasing the number of its corporate-owned club portfolio by 114 sites.

Chris Rondeau, Planet Fitness CEO, said the company remains "bullish on the future".

"We believe that the acquisition strengthens our powerful business model by enhancing our corporate store team and diversifying the geographic profile of our corporate-owned stores," he said.

"We've also completed a refinancing, which further supports our business model, by locking in low rates on a significant portion of our debt."

Rondeau added that plans to enter into new markets – such as New Zealand and Mexico – are proceeding and will take place later this year.

Planet Fitness announced a deal to grow the New Zealand market this week (10 May 2022), following the signing of an Area Development Agreement with Castle Point Fitness NZ Ltd, a joint venture between the founder of The Fresnel Companies, LLC, a US-based investment firm and a private family office.

The agreement will bring a minimum of 25 Planet Fitness locations to New Zealand over the next "several years".

You can read HCM's recent exclusive interview with Chris Rondeau herehere.

Related news

Planet Fitness buys Sunshine Fitness for US$800m

17 Jan 2022
Planet Fitness has signed an agreement to acquire Sunshine Fitness – an operator of 114 ...

Planet Fitness says membership has reached '97%' of pre-pandemic levels

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News

The Gym Group’s (TGG) plans and profit forecasts were presented to analysts and investors during
A new physical activity programme called Big Sister has been launched in the UK to
Go Fit has been selected by the United Nations Economic Commission for Europe (UNECE) as
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Following a history of supporting US military and service members, F45 has announced a new
Hyatt is piloting private gyms in five of its US hotels as part of its
Innovatise UK Ltd
Innovatise UK Ltd
More than 100 industry delegates met in person at the annual active-net event at Eastwood
A young girl has died following an incident at the David Lloyd gym at Capability
New fitness franchise, Circuit Society, has signed its first London location in Bayswater. The 3,000sq
Active Nottingham, part of Nottingham City Council, has released a children’s book called Can We
The new £42m Moorways Sports Village will open its doors to the public on Saturday
Fitness industry veteran Harm Tegelaars has returned to the fitness industry by joining the board
Sport England and UK Active have signed a five-year partnership agreement which will see the
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HCM Magazine
Sponsored
One of our values is innovation, and Biocircuit was a way to invest in our members with a new offer they wouldn’t have seen anywhere else
HCM Magazine
Insight
The pandemic brought about our sector’s biggest ever collaboration on COVID safety data. Lizzie Broughton tells the story
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Jon Wright

Founder and CEO, Feel Electric
We’ve set ourselves the initial goal of developing 100 Feel Electric sites, using a cluster model
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Featured supplier news
Featured supplier news: What’s the first thing you think about when selling gym equipment?
According to our poll the first thing 80 per cent of operators and gym owners think about when it’s time to sell gym equipment is how much your equipment is worth.
Featured supplier news
Featured supplier news: Thousands flock to register for Elevate 2022 in London this summer
The health and fitness industry is eagerly awaiting the return of Elevate, which will take place on 15-16 June 2022 at ExCeL London.
Featured operator news
Featured operator news: Everyone Active to launch new exercise classes to reduce gender gap
As part of their work to break down the barriers that deter women and girls from participating in sport and physical activity, Everyone Active has teamed up with EMD UK to launch new exercise classes linked to the This Girl Can campaign.
Featured operator news
Featured operator news: New £42m Moorways Sports Village to open on 21 May
Everyone Active will open Moorways Sports Village to the public on Saturday 21 May with a grand opening weekend – in time for the half term holidays.
Company profiles
Company profile: Physical Company
Physical Company’s mission statement is ‘First for Fitness Solutions’ – a statement that reflects the ...
Company profiles
Company profile: Keiser UK LTD
For more than four decades, Keiser has influenced the training of athletes, fitness enthusiasts and ...
Supplier Showcases
Supplier showcase - Pulse Fitness: trusted partner
Catalogue Gallery
Click on a catalogue to view it online
Directory
Skincare
Sothys: Skincare
Management software
Premier Software Solutions: Management software
Architects/designers
Zynk Design Consultants: Architects/designers
Salt therapy products
Himalayan Source: Salt therapy products
Lockers/interior design
Safe Space Lockers Ltd: Lockers/interior design
Flooring
Total Vibration Solutions / TVS Sports Surfaces: Flooring
trade associations
International SPA Association - iSPA: trade associations
Whole body cryotherapy
Zimmer MedizinSysteme GmbH / icelab: Whole body cryotherapy
Fitness equipment
A Panatta Sport Srl: Fitness equipment
Spa software
SpaBooker: Spa software
Property & Tenders
Pendine Sands, Carmarthenshire
Carmarthenshire County Council
Property & Tenders
Runcorn
Halton Borough Council
Property & Tenders
Diary dates
15-16 Jun 2022
ExCeL London, London, United Kingdom
Diary dates
30-30 Jun 2022
The ICC, Birmingham, Birmingham , United Kingdom
Diary dates
12-13 Sep 2022
Wyndham Lake Buena Vista Disney Springs® Resort, Lake Buena Vista, United States
Diary dates
25-28 Oct 2022
Messe Stuttgart, Germany
Diary dates
25-28 Oct 2022
Ibiza, Ibiza, Spain
Diary dates
01-07 Dec 2022
tbc, Dunedin, New Zealand
Diary dates
17-18 Mar 2023
Tobacco Dock, London, United Kingdom
Diary dates
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