Tranche Update on Planet Fitness, Inc.'s Equity Buyback Plan announced on November 8, 2022.
Published on 2024-05-09 at 16:07
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From January 1, 2024 to March 31, 2024, the company has repurchased 313,834 shares, representing 0.36% for $20.04 million. With this, the company has completed the repurchase of 2,012,587 shares, representing 2.36% for $145.07 million under the buyback announced on November 8, 2022.
Planet Fitness, Inc. is a franchisor and operator of fitness centers in the United States. The Company operates through three segments: Franchise, Corporate-owned stores, and Equipment. The Franchise segment includes operations related to its franchising business in the United States, Puerto Rico, Canada, Panama, Mexico, and Australia. The Corporate-owned stores segment includes operations with respect to all corporate-owned stores throughout the United States, Canada and Spain. The Equipment segment primarily includes the sale of equipment to franchisee-owned stores in the United States, Canada, and Mexico. The Company's subsidiaries operate three lines of business, which include licensing and selling franchises under the Planet Fitness trade name, owning, and operating fitness centers, and selling fitness-related equipment to franchisee-owned stores. The Company has approximately 2,617 stores in 50 states, the District of Columbia, Puerto Rico, Canada, Panama, Mexico, and Australia.
