Planet Fitness Revenue Bulks Up to $244.4M
November 8, 2022
Planet Fitness is making its pandemic comeback. The large fitness center operator reported third-quarter revenue of $244.4 million, marking a 58.4% increase from the same period last year. Net income reached $30.7 million, up $12 million from the same period the year prior. System-wide same store sales jumped 8.2%, and system-wide sales increased from $870 million to $968 million.
Planet Fitness ended the quarter with a record 16.6 million members and highlighted in its report that members are visiting more frequently, and membership cancellations are lower compared to 2019. FOS