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Last Post: 11/4/2021 8:40:29 AM - Followers: 13 - Board type: Free - Posts Today: 0

Business Summary  

Planet Fitness, Inc., through its subsidiaries, franchises and operates fitness centers. The company operates in three segments: Franchise, Corporate-owned stores, and Equipment. The Franchise segment is involved in the franchise of fitness centers in the United States, Puerto Rico, and Canada. The Corporate-owned stores segment operates corporate-owned stores in the United States and Canada. The Equipment segment engages in the sale of fitness equipment to franchisee-owned stores. As of March 31, 2015, the company had 976 stores, which include 919 franchised stores and 57 corporate-owned stores located in 47 states, Puerto Rico, and Canada. Planet Fitness, Inc. was founded in 1992 and is headquartered in Newington, New Hampshire.

•   918 stores as of December 31, 2014, compared to 389 as of December 31, 2010, reflecting a compound annual growth rate (“CAGR”) of 23.9%;
•   6.1 million members as of December 31, 2014, compared to 2.3 million as of December 31, 2010, reflecting a CAGR of 27.6%;
•   2014 system-wide sales of $1.2 billion, reflecting a CAGR of 30.1%, or increase of $774.3 million, since 2010;
•   2014 total revenue of $279.8 million, reflecting a CAGR of 32.0%, or increase of $187.5 million, since 2010, of which 3.6% is attributable to revenues from corporate-owned stores acquired from or sold to franchisees since 2010;
•   33 consecutive quarters of system-wide same store sales growth (which we define as year-over-year growth solely of monthly dues from stores that have been open and for which membership dues have been billed for longer than 12 months);
 •   2014 Adjusted EBITDA of $100.6 million, reflecting a CAGR of 45.3%, or increase of $78.0 million, since 2010; and
 •   2014 net income of $37.3 million, reflecting a CAGR of 22.6%, or increase of $20.8 million, since 2010. Our historical results benefit from insignificant income taxes due to our status as a pass-through entity for U.S. federal income tax purposes, and we anticipate future results will not be consistent as our income will be subject to U.S. federal and state taxes.

Planet Fitness, Inc.
26 Fox Run Road
Newington, NH 03801
United States - http://maps.yahoo.com/maps_result?addr="26%20Fox%20Run%20Road&csz=Newington%20NH%2003801&country=United%20States"" rel="nofollow" target="_blank">http://maps.yahoo.com/maps_result?addr=26%20Fox%20Run%20Road&csz=Newington%20NH%2003801&country=United%20States"; rel="nofollow">Map
Phone: 603-750-0001
Website: http://www.planetfitness.com

Key Executives  
  Pay Exercised
Mr. Chris Rondeau , 42
Chief Exec. Officer and Director
1.09M 0.00
Mr. Dorvin D. Lively , 56
Chief Financial Officer
728.00K 0.00
Mr. Richard Moore , 44
Chief Admin. Officer and Gen. Counsel
454.00K 0.00
Amounts are as of Dec 31, 2014 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised

Planet Fitness

Planet Fitness is an American franchise of fitness centers based in Newington, New Hampshire. Each gym features exercise equipment and fitness instructors to assist its members. It markets itself as a "Judgement Free Zone" that caters to novice...

Planet Fitness is an American franchise of fitness centers based in Newington, New Hampshire. Each gym features exercise equipment and fitness instructors to assist its members. It markets itself as a "Judgement Free Zone" that caters to novice and casual gym users. Planet Fitness opened its 500th location on December 27, 2012.


The fitness club was founded in 1992, when Michael Grondahl acquired a financially struggling gym and dramatically reduced prices to compete against better-known brands. This low-cost business model focuses on the needs of occasional or first-time health club members, rather than more experienced members.

There are 53 corporate-owned gyms, with the rest being independently owned and operated. The franchise is concentrated mostly in the Northeast, but has expanded into a nationwide franchise. The Franchise has been added to the Inc. 500 list.

In 2011, the co-founding Grondahl brothers were still leading the company, along with Chris Rondeau, who started out as the CFO (chief financial officer). More specifically, as the company continued to grow, the roles underwent some changes. Currently, Michael Grondahl serves as a board member, Chris Rondeau serves as CEO, and Mark Grondahl serves as CFO.

In the Fall of 2013, the Planet Fitness franchise gained a new partnership with TSG Consumer Partners LLC. This partnership was negotiated and completed in just 30 days with the help of Richard Moore, who is currently the general counsel and chief administration officer for Planet Fitness.


Planet Fitness currently has 1000 locations with an estimated 6 million members across 48 states in the U.S.

In December 2014 Planet Fitness opened their first international location in Toronto, Canada. The second Toronto location opened in early 2015.


As of January 2012, it is the national gym sponsor of NBC's reality show, The Biggest Loser. The contestants on the show will work out on Planet Fitness equipment while at The Biggest Loser Ranch in Calabasas, California, and then at Planet Fitness gyms near their homes, working with Planet Fitness fitness instructors.

In March of 2013, Planet Fitness partnered with 50 Cent to sell his energy drink "Street King"






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PLNT News: It’s Time to Let These 2 Stocks Out of the Penalty Box, Says J.P. Morgan 05/13/2022 05:27:09 AM
PLNT News: Stifel Nicolaus Thinks Planet Fitness’ Stock is Going to Recover 05/11/2022 10:25:12 AM
PLNT News: Quarterly Report (10-q) 05/10/2022 12:20:40 PM
#58   Do u think planet fitness will be open DayTraderOG 01/25/21 11:07:08 AM
#57   Anyone here think a Covid vaccine will be FullDisclosureEsq 11/05/20 08:24:03 PM
#56   https://afterfurtherreview.online/2020/07/22/the-coronavirus-pandemic-and-a-stor bschless 07/23/20 07:40:40 PM
#55   How long until bankruptcy!?? Little Trader ATWOOD 07/08/20 08:48:51 AM
#54   With social distancing and rising Covid-19 cases, I'm Glider549 05/06/20 11:42:42 AM
#53   Easy short here imo bransteff 05/04/20 11:35:40 AM
#52   How is it, this stock is not dropping? Chrism0000 04/08/20 07:37:59 PM
#51   I’ll get in under $10. wolfjr 03/21/20 08:59:47 AM
#50   https://www.clickondetroit.com/news/national/2020/03/21/planet-fitness-freezes-a wolfjr 03/21/20 08:56:44 AM
#49   Time to short ilovestocks85 03/18/19 08:36:37 PM
#48   Oddly, PLNT has far outperformed the S&P 500 bar1080 09/17/17 11:04:35 AM
#47   Ye time to go short imo ilovestocks85 09/17/17 08:38:35 AM
#46   What's wrong with you people ? MikeBK205 03/12/17 04:22:24 PM
#45   Never mind. SMH bar1080 03/12/17 04:04:10 PM
#44   Stock* MikeBK205 03/12/17 02:52:46 PM
#43   I don't know what that post means? bar1080 03/12/17 01:39:06 PM
#42   I didn't know anyone who buys sick "NEEDS" MikeBK205 03/12/17 01:35:39 PM
#41   Scathing SA PRO article on SA by Jonathan Selsick: bar1080 03/12/17 11:55:34 AM
#40   You bought $200,000 in PLNT stock and never bar1080 03/12/17 11:48:23 AM
#39   Just bought 10K shares today! MikeBK205 12/29/16 08:17:21 PM
#38   PLNT bullish 21.36 stocktrademan 11/24/16 12:21:51 PM
#37   PLNT = VERY BULLISH (StockTA.com) whizent1 11/11/16 05:14:44 PM
#36   Portion in 8-k on One-Time Cash Dividend: whizent1 11/11/16 05:13:17 PM
#35   Latest 8-k whizent1 11/11/16 05:11:32 PM
#34   I'm gonna put the word out about PLNT...great whizent1 11/11/16 05:09:50 PM
#33   It will always do great the first two CyberNv 01/22/16 04:28:13 PM
#32   PLNT has a small overhead due to no Stockadamus 01/13/16 05:39:24 PM
#31   $20 a month is a very uneducated guess. Ma$ter Flipper 11/11/15 12:23:27 PM
#30   Hahaha yeah I thought the same about FWM MikeBK205 11/11/15 09:15:38 AM
#29   If that was the case. They wouldn't of CyberNv 11/11/15 07:45:41 AM
#28   Why would anyone ever invest in this garbage MikeBK205 11/10/15 03:53:39 PM
#25   Gonna be big profits CyberNv 09/29/15 12:42:24 PM
#24   1 so far but expansion is the plan. Ma$ter Flipper 09/29/15 12:42:01 PM
#23   Yes. See below for addresses. http://www.planetfitness.com/gyms/toronto-galler Ma$ter Flipper 09/29/15 12:41:02 PM
#22   Can anybody confirm 2 gyms open in Canada? CyberNv 09/28/15 06:19:31 PM
#21   I just switched to LA fitness few days wolfjr 09/10/15 04:12:04 PM
#20   Picking up slowly ihubmoney 08/25/15 02:21:56 PM
#19   By the end of Sept. 2015 $PLNT ihubmoney 08/17/15 11:48:30 AM
#18   this baby is good for a long run ihubmoney 08/17/15 11:45:40 AM
#17   Got this baby at $14 ihubmoney 08/17/15 11:44:05 AM
#16   This is just a beginning. It's on a ihubmoney 08/17/15 11:42:58 AM
#15   PLNT PREMARKET!!! $19.25 and still climbing!!! Ma$ter Flipper 08/10/15 09:03:50 AM
#14   Just for today, we're trading the #LunkAlarm for G2G 08/09/15 12:15:02 PM
#13   http://www.planetfitness.com/ G2G 08/09/15 12:15:02 PM
#12   http://www.latimes.com/business/la-fi-planet-fitness-stock-20150806-story.html G2G 08/09/15 12:14:23 PM
#11   Lol I was trying to create it as Ma$ter Flipper 08/09/15 11:12:02 AM
#10   NICE REBOUND FROM A ROCKY START G2G 08/09/15 11:10:15 AM
#9   9.1 M is the float with another possible tpizzazz24 08/09/15 10:23:37 AM
#8   9.1 M is the float with another possible tpizzazz24 08/09/15 10:23:37 AM
#7   LOL your talking to yourself.... Is that really confuciussay 08/08/15 04:59:51 PM
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