Planet Fitness, Inc. Announces Third Quarter 2021 Results
Company-owned shops section EBITDA elevated $8.4 million to $14.1 million. 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 EBITDA elevated by $5.6 million to $7.9 million 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.
