Early bird
tickets
available now!
Job search
Job Search
Latest news
More news: (showing 1 - 20 of 13784)           
UK only International

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

By Tom Walker    08 Nov 2021
Planet Fitness ended Q3 with more than 15 million members / Planet Fitness
A surge in people returning to gyms has helped Planet Fitness bounce back from the pandemic lockdowns
The group had 15 million members at the end of Q3
The figure is around 97 per cent of the pre-pandemic high of 15.5 million members
The operator has 2,193 clubs across five countries

Planet Fitness says a surge in people returning to gyms has helped it recover from the pandemic lockdowns.

The franchised operator, which has 2,193 clubs across five countries, has seen its membership level nearly return to its pre-pandemic peak, allowing the group to revise its top- and bottom-line key financial guidance metrics for 2021.

Announcing its Q3 results, Planet Fitness said it had ended the quarter with more than 15 million members – which is around 97 per cent of its pre-COVID-19 high of 15.5m.

Total revenue during the three months to 30 September was US$154.3m – up 46.4 per cent on the same period in 2020.

Chris Rondeau, Planet Fitness CEO, said: "We are emerging from the COVID-19 pandemic and the third quarter, we returned to positive system-wide same-store [club] sales growth and achieved the highest sequential net member growth of any third quarter in company history, as well as our highest franchise segment revenue on record.

​​"As we look ahead to our 30th anniversary next year, I am more enthusiastic than ever with several factors driving both near- and long-term growth opportunities.

"These include our franchisees' enthusiasm to continue to invest in the brand, the transition to one agency for both our local and national advertising and the world's growing appreciation for the importance of improving overall health and wellness.

"With so much potential given the changing market dynamics and industry tailwinds, we believe that our non-judgmental and affordable model will be even more differentiated."

Planet Fitness expects new club openings for 2021 to be between 110-120 – it opened 24 during the third quarter.m of 2021.

The Q3 announcement resulted in shares in the company jumping by around 14 per cent, from US$84 to US$96.

Planet Fitness  Chris Rondeau 
Sign up for FREE ezines
Related news
Related features

Company profile

Company profile: Spivi
Spivi is an immersive fitness gamification platform that helps gym operators to achieve better retention by utilizing existing wearables, equipment, and sensors in the club.
View full profile >
More company profiles

Featured Supplier

Developing tomorrow’s champions: BLK BOX and Cardiff Met’s Archers Performance Centre
The BLK BOX team is thrilled to unveil its design and construction work on the brand-new Cardiff Metropolitan University's Archers Performance Centre.
View full details >
More featured suppliers

Property & Tenders

Location: Jersey
Company: Jersey War Tunnels
Location: Chiswick, Gillingham, York and Nottingham
Company: Savills
Location: Cleveland Lakes, Wiltshire and Gloucestershire
Company: Cotswold Lakes Trust
Location: Loughton, IG10
Company: Knight Frank
Location: Grantham, Leicestershire
Company: Belvoir Castle
More properties & tenders

Diary dates

03-05 Sep 2024
IMPACT Exhibition Center, Bangkok, Thailand
08-10 Sep 2024
Wyndham® Lake Buena Vista Disney Springs™ Resort, Lake Buena Vista, United States
19-19 Sep 2024
The Salil Hotel Riverside - Bangkok, Bangkok 10120, Thailand
20-22 Sep 2024
Locations worldwide,
More diary dates