Description

Planet Fitness, Inc., along with its subsidiaries, operates and franchises a network of fitness establishments under its well-known Planet Fitness brand. The company's operations are divided into three primary divisions: Franchise, Corporate-Owned Stores, and Equipment. The Franchise division focuses on licensing its gym brand across the United States, Puerto Rico, Canada, Panama, Mexico, and Australia. Meanwhile, its Corporate-Owned Stores division directly manages company-owned fitness facilities located within the United States and Canada. The Equipment division is responsible for providing fitness machinery to the franchisee-owned locations throughout the US and Canada. As of December 31, 2021, the firm boasted a presence of 2,254 facilities spanning 50 states, the District of Columbia, Puerto Rico, Canada, Panama, Mexico, and Australia. Planet Fitness, Inc. was founded in 1992 and is based in Hampton, New Hampshire.