PRODUCT NEWS
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| Revenues jump 67 per cent at Planet Fitness ahead of expansion into new markets |
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| 11 May 2022 . BY Tom Walker |
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| The operator opened 37 new sites during Q1 2022 / Planet Fitness |
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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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| PRODUCT NEWS |
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| Core Health & Fitness has released the StairMaster 8Gx |
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| Core Health & Fitness has announced the launch of the StairMaster 8Gx. Features include a new
drivetrain; a deeper, wider step surface; rust-free polypropylene construction; and ergonomic
handrails which support multiple climbing positions. |
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| Lifting communities can connect and compete using Brawn’s AI-driven InGym |
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| Brawn has launched InGym, a connected strength-training visual display solution for the free
weights lifting community. The technology was recently revealed to the public at the Ministry of
Sound, in London, when a floor full of lifters gathered with the goal of reaching a collective
350,000kg. |
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| Keiser UK introduces pneumatic resistance to Circle Health Group |
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| Simon Roberts, lead physio for the brand-new Circle Health rehabilitation centre in
Birmingham, was recently joined by Keiser UK consultant physio, Manoj Patel, to discuss and
demonstrate the benefits of utilising pneumatic resistance within patient treatment to
Circle Health’s MSK and Neuro rehab teams. |
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Fitness Instructor
energie fitness |
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Salary:
£9.50 - £10 per hour
Job location: Energie Fitness, Archway, London , United Kingdom |
Personal Trainer
The Hurlingham Club |
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Salary:
£19,081 + commission + benefits
Job location: The Hurlingham Club, London , United Kingdom |
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