As fitness companies compete for Gen Z, Planet Fitness continues to win big with its free summer pass for high school students.
This summer, Planet Fitness began testing a "White Card" $15/month membership without a commitment in addition its normal $10/month plan.
Planet Fitness CEO Chris Rondeau is confident, buoyed by rising membership numbers, especially among the coveted Gen Z cohort.
Planet Fitness president and chief operating officer Edward Hymes has left the fitness giant after just five months in the role.
Planet Fitness wrapped up the quarter with over 18 million members and is eyeing Asia as part of its international expansion plan.
Planet Fitness aims to double its membership numbers, but investors wonder whether the company can continue its post-COVID fitness momentum.
Planet Fitness CEO Chris Rondeau reported on the recent earnings call that he was pleased with the fourth quarter results.
The move to acquire Saber Fitness is Taymax's fifth acquisition since receiving a growth investment from Trilantic North America in 2018.
Planet Fitness attributed its growth to installation of fitness equipment in 154 new franchised locations, and 158 new gyms.
Announcing the Q3 2022 financial results, Planet Fitness reported that its total revenue increased by 58.4% to $244.4 million.
Sign Up to Our Newsletter
