HAMPTON, N.H., Jan. 4, 2018 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT), one of the largest and fastest-growing franchisors and operators of fitness centers in the U.S., has expanded its footprint to all 50 states with the opening of its first club in Hawaii. The first Judgement Free Zone® in Hawaii is now open and located at the Ala Moana Center in Honolulu at 1450 Ala Moana Blvd.
Planet Fitness also announced today that it reached its 1,500th location with the opening of its club in Durham, North Carolina on December 28, one of several clubs to open the last week of December ahead of the New Year. The Company has over 10.5 million members and also recently announced its expansion into Panama, with existing international locations in Canada and the Dominican Republic.
"Entering our 50th state is a testament to the strength and broad appeal of our brand nationwide," said Chris Rondeau, chief executive officer of Planet Fitness. "We are also thrilled to have opened our 1,500th location system-wide and look forward to executing on the long runway for growth ahead of us with a potential footprint of 4,000 stores across the United States alone*. 2017 was another milestone year for our business and we are well positioned to capitalize on the many opportunities that lie ahead."
To celebrate the New Year, now through January 10, new members can join any Planet Fitness location nationwide for only $1 down and then $10 a month. To find a Planet Fitness club or learn more about the Judgement Free Zone™, please visit PlanetFitness.com.
*Based on internal and third-party analysis.
About Planet Fitness
Founded in 1992 in Dover, N.H., Planet Fitness is one of the largest and fastest-growing franchisors and operators of fitness centers in the United States by number of members and locations. As of September 30, 2017, Planet Fitness had approximately 10.5 million members and 1,432 stores in 49 states, the District of Columbia, Puerto Rico, Canada and the Dominican Republic. The Company's mission is to enhance people's lives by providing a high-quality fitness experience in a welcoming, non-intimidating environment, which we call the Judgement Free Zone®. More than 95% of Planet Fitness stores are owned and operated by independent business men and women.
Forward-Looking Statements
This press release contains certain "forward-looking statements," including statements, approximations, estimates and projections with respect to future events or our anticipated future performance. Forward-looking statements are neither historical facts nor assurances of future events or performance. Instead, they are based only on the Company's current beliefs, expectations and assumptions regarding the future of the business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Company's control. Actual results and financial condition may differ materially from those indicated in the forward-looking statements. Important factors that could cause our actual results to differ materially include risks and uncertainties associated with competition in the fitness industry, the Company's and franchisees' ability to attract and retain new members, changes in consumer demand, changes in equipment costs, the Company's ability to expand into new markets, operating costs for the Company and franchisees generally, availability and cost of capital for franchisees, acquisition activity, developments and changes in laws and regulations, our substantial indebtedness, our corporate structure and tax receivable agreements, general economic conditions and the other factors described in the Company's annual report on Form 10-K for the year ended December 31, 2016, and the Company's other filings with the Securities and Exchange Commission. Except as required by law, neither the Company nor any of its affiliates or representatives undertake any obligation to provide additional information or to correct or update any information set forth in this press release, whether as a result of new information, future developments or otherwise.
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SOURCE Planet Fitness, Inc.