How Much Is Planet Fitness’ Annual Revenue?

How Much Is Planet Fitness’ Annual Revenue? – Find Out Here

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Introduction

Planet Fitness is a chain of gyms with over 1,700 locations across the United States. As of 2019, it is the fifth largest gym chain in the world with an annual revenue of over $2 billion.

History

Planet Fitness was founded in 1992 by Michael and Marc Grondahl. The first Planet Fitness location opened in Dover, New Hampshire. In 1997, the company began offering franchises. As of 2018, there were more than 1,700 Planet Fitness locations in the United States.

In 2015, Planet Fitness was acquired by investment firm TSG Consumer Partners. As of 2018, Planet Fitness had an annual revenue of $1.4 billion.

Business Model

Planet Fitness is a gym membership company that offers memberships for a low monthly fee. The company also sells merchandise, personal training services, and other fitness-related products and services.

In 2019, Planet Fitness generated $2.37 billion in revenue, up from $2.11 billion in 2018. The vast majority of the company’s revenue (84%) comes from membership fees, while the rest comes from merchandise sales, personal training, and other fitness-related products and services.

Planet Fitness has over 14 million members worldwide as of 2019. The company operates over 1,800 gyms in the United States, Canada, Australia, New Zealand, and Mexico.

Financials

Planet Fitness is a leading fitness chain with gyms across the United States. The company reported $2.2 billion in revenue for 2018, up from $1.8 billion in 2017.

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Expansion

Planet Fitness is a American franchisor and operator of fitness centers based in Newington, New Hampshire. As of December 31, 2018, Planet Fitness had more than 1,700 locations in the United States, Canada, Puerto Rico, Mexico, and the Dominican Republic. The company employs approximately 10,000 people.

In 2015, Planet Fitness was ranked #4 on Entrepreneur’s Franchise 500 list. In 2014 and 2015, Forbes ranked Planet Fitness #17 on their America’s Top Companies list.

Annual revenue for Planet Fitness was $842 million in 2017. This figure rose to $934 million in 2018.

Controversies

Although Planet Fitness has been largely successful and popular since its founding in 1992, it has not been immune to criticism and controversies. Some of the most notable controversies the company has faced include accusations of false advertising, incidents of theft, and allegations of discrimination.

Media

Since 2016, Planet Fitness’ annual revenue has grown significantly. In 2016, the company’s revenue was $1.34 billion. In 2017, it increased to $1.67 billion. In 2018, Planet Fitness’ annual revenue was $2.11 billion.

Locations

Planet Fitness is a chain of fitness clubs with locations across the United States. As of 2019, the company had more than 1,800 locations and was ranked as the second largest fitness club chain in the world.

Planet Fitness’ annual revenue was $2.3 billion as of 2018. The company’s revenue has been growing steadily in recent years, reaching $1.9 billion in 2016 and $2.1 billion in 2017. Planet Fitness is a publicly traded company, and its share price has been on a steady upward trend in recent years.

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Membership

Planet Fitness membership starts as low as $10 a month, and there are no long-term contracts required. So, how much does Planet Fitness make in a year? Given that the company has more than 10 million members across the globe, it’s safe to say that the annual revenue is in the billions.

Conclusion

We found that Planet Fitness’ annual revenue for 2019 was $2.4 billion. This is a significant increase from the $1.4 billion in revenue that the company reported in 2015. planet Fitness is clearly doing something right, and their business is growing at a rapid pace.

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