Planet Fitness, Inc. Announces Third Quarter 2021 Results
Company-owned shops section income elevated $15.6 million or 55.2% to $43.9 million from $28.3 million within the prior yr interval, and corporate-owned similar retailer gross sales elevated 3.1%. The rise was primarily as a result of non permanent retailer closures on account of COVID-19 within the prior yr interval, in addition to the opening of seven new corporate-owned shops since July 1, 2020; and
Gear section income elevated $17.6 million or 101.7% to $35.0 million from $17.3 million within the prior yr interval, pushed by greater gear gross sales to present franchisee-owned shops within the three months ended September 30, 2021 in comparison with the three months ended September 30, 2020. Additionally contributing to the rise was the 15% low cost offered to franchisees on gear gross sales within the prior yr on account of the COVID-19 pandemic.
