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Australian company Viva Leisure is expanding its fitness portfolio with the low-cost option, aiming to fill the gap of affordable gym memberships.
The rise of GLP-1s will cause more people to seek gym memberships and could benefit the fitness industry in other ways, analysts predict.
Planet Fitness reported total revenue of $277.6 million in the third quarter, an increase of $33.2 million, or 13.6%, from 2022.
Flynn Restaurant Group, the world's largest franchise operator, is entering the fitness space by acquiring 37 Planet Fitness locations.
Members continue to return to gyms and studios in the U.S. and abroad, according to the 2023 IHRSA Global Report.
Former Planet Fitness employees allege that the company fostered a “toxic, high school environment" under Chris Rondeau.
The recent CEO shake-up reportedly shocked more than just employees and investors. Can Planet Fitness rebound without Chris Rondeau?
EoS Fitness, a high-value, low-price gym that launched in 2014, now has over one million members and is eyeing 250 locations by 2030.
Planet Fitness has named Craig R. Benson as interim CEO, effective immediately, following the decision to move on from longtime leader Chris Rondeau.
As fitness companies compete for Gen Z, Planet Fitness continues to win big with its free summer pass for high school students.
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