Hello Everybody! This is your CLUB INSIDER Publisher and Tribal checking in! Happy Spring to you all!
Is America a GREAT country, or what? Hmm... Hmm... Hmm!!!
A belated Happy Mother’s Day to all you wonderful Mothers out there! Special Thanks and Sincere Appreciation to all of you Moms wherever you are for what you’ve done for all of us! Thank you! Thank you! Thank you Moms everywhere!
WOW! Get this. On May 10, 2016, I received an email from CHRIS RONDEAU, CEO of Planet Fitness. His email’s purpose was to draw my (our) attention to the just released 1Q, 2016 Planet Fitness Financial Statement, which contains the amazing news, that, in the rst quarter of 2016, Planet Fitness had a net new member number of 1 Million across its 1,171 open and operating locations. Other highlights of Planet Fitness’ rst quarter 2016 Financials include:
•Total revenue increased from the prior year period by 8.3% to $83.3 million. •System-wide same store sales in- creased 6.8%.
•Net income was $16.3 million compared to net income of $8.5 million in the prior year period.
•Pro forma adjusted net income increased About Club Insider
20.5% to $15.2 million, or $0.15 per diluted share, compared to $12.6 million, or $0.13 per diluted share in the prior year period.
•Adjusted EBITDA increased 20.4% to $34.3 million from $28.5 million in the prior year period.
•48 new Planet Fitness franchise stores were opened during the period, bringing system-wide total stores to 1,171 at March 31, 2016.
Speaking of Planet Fitness, CEO
CHRIS RONDEAU has been named as a semi- nalist for the EY Entrepreneur of The Year Award in New England. The EY Entrepreneur of the Year Award is celebrating its 30th year.
And, in other news about Planet
Fitness, the company has strengthened their management team with the addition of four new key people. JIM ESPOSITION has been appointed Senior Vice President Corporate Club Operations; BRIAN ZEHETNER is now the Director
of
Health and Fitness; JOSH BEYER has been appointed Vice President of Real Estate and Construction; and BRIAN O’DONNELL has been appointed Vice President and Corporate Controller. Best wishes to all these new Planet Fitness Management Team Members!
NFPT, CLUB INSIDER Advertiser who’s Ad appears on Page #25 has launched a Cancer Recovery Specialist Course. Check out their Press Release, also
on Page #25.
Congratulations to KEITH NYGREN, TED TORCIVIA, RAY O’CONNOR and others, as they used their annual 2016 WACy Awards event to celebrate the 40th Anniversary of their Wisconsin Athletic Clubs (WAC) in the Milwaukee, Wisconsin area. SANDY COFFMAN, my friend since 1978, was honored when she was the rst WAC employee to be inducted into their new WAC Hall of Fame!
Last month, while I was producing our April Cover Story entitled: IHRSA’s 35 and Counting! The VALUE of IHRSA, I mistakenly missed the email from LARRY CONNER, General Manager of Stone Creek Club & Spa in Covington, Louisiana. Larry, a 25-year industry veteran and CPA had been kind to write and send his comments about the Value of IHRSA, and I want to apologize to him for missing that email. So, here are Larry Conner’s comments:
“I have been associated with
IHRSA as a member for over 25 years with four different clubs in the New Orleans area. Down here, that is what we all did... we joined IHRSA, and we went to the annual convention. At the convention, we would see the latest equipment and programs, talk to some great people, socialize with our teams, and of course, we (See Norm’s Notes Page 6)
Norm Cates
Larry Conner Thank You to Our Contributing Authors
CLUB INSIDER is published by Cates Media, LLC. in Marietta, Georgia. Those wishing to reproduce any portion of this publication may do so, provided it is not for resale in other publications. Reprints for commercial use are available for a fee by request.
PUBLISHER and EDITOR - Norm Cates, Jr. ASSISTANT PUBLISHER - Justin Cates
PRINTING and MAILING SERVICES - Walton Press
CLUB INSIDER P.O. Box 681241 Marietta, GA 30068 (O): (770) 635 - 7578 (F): (678) 826 - 0933
www.clubinsideronline.com
Rick Caro - President, Management Vision, Inc. - (212) 987 - 4300 John McCarthy - 25-Year Executive Director of IHRSA Joe Moore - IHRSA President & CEO - (800) 228 - 4772 Angie Pattengale - National Federation of Personal Trainers - (800) 729 - 6378 Bill McBride - Founder, BMC3 -
BillMcBride@bmc3.com Bruce Carter - President, Optimal Design Systems International - (954) 888 - 5960 Casey Conrad - Communications Consultants - (800) 725 - 6147 Derek Barton - Owner, Barton Productions -
derek@bartonproductions.com Donna Krech - Founder and President, Thin & Healthy’s Total Solutions - (419) 991 - 1223 Dr. Art Curtis - President, Curtis Club Advisors -
art@curtisclubadvisors.com Jim Thomas - President, Fitness Management USA - (800) 929 - 2898 Jon Butts - President, Muscle Up Marketing -
jon@muscleupmarketing.com Karen Woodard-Chavez - President, Premium Performance Training -
karen@karenwoodard.com Laurie Cingle - President, Laurie Cingle Consulting and Coaching -
laurie@lauriecingle.com Melissa Knowles - CEO, Gym HQ -
mknowles@gymhq.club Nancy Trent - Founder, Nancy Trent & Company -
nancy@trentandcompany.com Paul Bosley - Owner, Business Finance Depot - (888) 788 - 3884 Paul R. Bedard, Esquire - Crunch Fitness Connecticut -
paul@crunchct.com Robin Schuette - Co-owner, MedFit Partners - rschuette@med
tpartners.com Ron Alterio - National Sales Director, Visual Fitness Planner -
ron@myvfp.com Stephen Tharrett - Co-Founder and Principal, ClubIntel - (866) 691 - 9223 Thomas Plummer - National Fitness Business Alliance - (800) 726 - 3506
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