Planet Fitness Inc
Company Overview
Planet Fitness, Inc. is one of the largest operators of fitness centers in the United States. The company operates through franchise, corporate-owned stores, and equipment segments. They operate a chain of fitness centers under the Planet Fitness brand, offering fitness equipment and fitness training services to members through a low-cost membership model.
The company's business model focuses on creating a non-intimidating, judgement-free environment for fitness, targeting occasional or first-time gym users. Their revenue comes primarily from franchise royalties, membership fees, equipment sales to franchisees, and revenue from corporate-owned stores.
Use of Interest
| Reporting Date | Total Revenue | Total Operating Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2024 | $292.25m | $237.6m | - | $26.6m | 0.00% | 11.20% |
| June 30, 2024 | $300.94m | $238.09m | - | $24.53m | 0.00% | 10.30% |
| March 31, 2024 | $248.02m | $203.63m | - | $21.43m | 0.00% | 10.53% |
Company Impact
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