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Planet Fitness

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Planet Fitness is a provider of personal fitness training programs and classes, sauna and massage facilities. The сompany franchises and operates fitness centers. It operates through three segments: Franchise, Corporate-Owned Stores, and Equipment.

Revenue(FY, 2019)
$688.8 M

Employee Rating

3.3More
TypeSubsidiary
HQHampton, US
Founded1992
Websiteplanetfitness.com
Planet Fitness was founded in 1992 and is headquartered in Hampton, US

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Key People/Management at Planet Fitness

Stephen Spinelli

Stephen Spinelli

Chairman
Chris Rondeau

Chris Rondeau

Chief Executive Officer
Kathy Gentilozzi

Kathy Gentilozzi

Chief People Officer
David P. Berg

David P. Berg

Director
Dorvin Lively

Dorvin Lively

President
Craig Miller

Craig Miller

Chief Digital & Information Officer
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Planet Fitness Office Locations

Planet Fitness has an office in Hampton
Hampton, US (HQ)
4 Liberty Ln W
Show all (1)

Planet Fitness Financials and Metrics

Summary Metrics

Founding Date

1992

Total Funding

$550 m

Investors

Atlantic Street Capital

Planet Fitness Revenue

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View revenue for all periods
Planet Fitness's revenue was reported to be $688.80 m in FY, 2019
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

279.8m330.5m378.2m429.9m572.9m688.8m

Revenue growth, %

18%14%

Cost of goods sold

100.3m113.5m122.3m129.3m162.6m194.4m

Gross profit

179.5m217.0m255.9m300.7m410.3m494.4m
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

79.0m68.8m83.3m91.5m87.0m91.1m107.3m97.5m121.3m140.6m136.7m148.8m181.7m166.8m127.2m

Cost of goods sold

25.3m18.9m23.6m27.8m25.9m21.1m31.5m25.8m26.5m36.7m36.9m34.5m54.4m46.2m21.8m

Gross profit

53.7m50.0m59.7m63.7m61.1m70.0m75.9m71.7m94.8m103.8m99.8m114.3m127.3m120.6m105.4m

Gross profit Margin, %

68%73%72%70%70%77%71%74%78%74%73%77%70%72%83%
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Annual
usdY, 2012Y, 2013Y, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

9.5m31.3m43.3m31.4m40.4m113.1m289.4m436.3m

Accounts Receivable

7.9m37.3m39.0m42.3m

Prepaid Expenses

3.9m4.9m8.0m

Inventories

4.6m1.8m2.7m5.1m877.0k
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

28.5m38.3m55.7m66.0m60.2m78.5m93.3m127.1m147.8m572.7m336.0m330.6m219.8m547.5m

Accounts Receivable

9.9m10.4m11.6m14.4m15.0m15.7m16.4m18.6m14.9m26.1m18.9m26.6m29.4m21.1m

Prepaid Expenses

8.9m12.3m17.6m19.4m7.9m7.3m8.6m4.1m3.8m3.8m7.3m10.1m8.6m7.3m

Inventories

2.8m1.5m893.0k759.0k1.3m1.4m550.0k4.1m3.2m6.1m3.4m2.5m2.6m2.8m
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Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

38.1m71.2m55.6m103.2m135.4m

Depreciation and Amortization

32.2m31.5m31.8m35.3m44.3m

Inventories

(1.5m)2.8m(890.0k)(2.4m)4.2m

Accounts Payable

263.0k7.4m4.2m14.5m(6.3m)
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

20.2m20.9m16.3m34.4m49.3m17.9m35.9m54.8m23.5m53.9m74.4m31.6m71.5m101.2m10.4m

Depreciation and Amortization

16.2m24.2m7.7m15.4m23.1m8.0m15.8m24.0m8.5m17.1m25.9m9.9m20.5m32.3m12.8m

Inventories

2.2m237.0k3.1m3.7m3.8m471.0k355.0k1.3m(1.4m)(501.0k)(3.4m)1.7m2.6m2.5m(1.9m)

Accounts Payable

(13.2m)(11.7m)(16.2m)(13.9m)(10.2m)(21.2m)(14.1m)(17.0m)(16.8m)(16.9m)2.4m(14.6m)(20.8m)(12.9m)6.4m
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Show all financial metrics

Planet Fitness Operating Metrics

FY, 2015FY, 2016

Members

7.30 m8.90 m

Stores

1.12 k1.31 k
Show all operating metrics

Planet Fitness Revenue Breakdown

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Planet Fitness revenue breakdown by business segment: 30.8% from Franchise, 27.7% from Corporate-owned Stores and 41.5% from Equipment

Planet Fitness Online and Social Media Presence

Planet Fitness's Trends

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Planet Fitness News and Updates

April 06, 2020

Cowen survey forecasts stores to reopen in June, Ulta and Planet Fitness will recover quickly

Three-quarters of investors who responded to a Cowen survey said they think stores will reopen in June. Once stores are back in operation, analysts forecast Ulta Beauty Inc. and Planet Fitness Inc. will recover quickly. "Ulta's loyal customer base, 90% off-mall presence, and virtual try-on capabil…
March 17, 2020

Defiance Fuel Partners With Jalen Ramsey, Victor & Lynne Brick and Planet Fitness Growth Partners to Aid in Nashville Tornado Relief Efforts

February 25, 2020

Planet Fitness delivers mixed Q4 results, shares fall

Shares of Planet Fitness Inc. fell more than 5% in the extended session Tuesday after the gym chain reported mixed fourth-quarter results. Planet Fitness said it earned $29.7 million, or 36 cents a share, in the quarter, compared with $24.8 million, or 29 cents a share, in the year-ago period. Adju…
January 14, 2020

Planet Fitness Connecticut-Based Franchisee Opens 100th Club

January 03, 2020

Health, Happiness And Savings In 2020: Join Planet Fitness For Only 20 Cents Down, Then $10 A Month Through January 9 With No Commitment

HAMPTON, N.H., Jan. 3, 2020 /PRNewswire/ -- Planet Fitness, Inc., one of the largest and fastest-growing franchisors and operators of fitness centers in the U.S., invites everyone to start the New Year off right and take their first step into fitness by joining the Judgement Free Zone®...
November 20, 2019

Planet Fitness borrows $550 million and says it may use part of funds to reward shareholders

Planet Fitness Inc. said Wednesday it has priced a $550 million securitized financing and may use some of the proceeds to reward its own shareholders. The Hampton, New Hampshire-based company said it expects the deal to close on, or around Dec. 3. Proceeds will be used to pay transaction costs, for…
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 Planet Fitness Frequently Asked Questions

  • When was Planet Fitness founded?

    Planet Fitness was founded in 1992.

  • Who are Planet Fitness key executives?

    Planet Fitness's key executives are Stephen Spinelli, Chris Rondeau and Kathy Gentilozzi.

  • What is Planet Fitness revenue?

    Latest Planet Fitness annual revenue is $688.8 m.

  • Who are Planet Fitness competitors?

    Competitors of Planet Fitness include Herbal Magic, HealthifyMe and ClassPass.

  • Where is Planet Fitness headquarters?

    Planet Fitness headquarters is located at 4 Liberty Ln W, Hampton.

  • Where are Planet Fitness offices?

    Planet Fitness has an office in Hampton.

  • How many offices does Planet Fitness have?

    Planet Fitness has 1 office.