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Who is the ceo of planet fitness

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Who is the CEO of Planet Fitness? - Your Ultimate Guide

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Title: Who is the CEO of Planet Fitness? Unveiling the Mastermind Behind America's Favorite Gym Meta-description: Curious to know who is the CEO of Planet Fitness? Discover the visionary leader driving the success of this popular fitness chain in the United States. Introduction: Planet Fitness has become a household name in the fitness industry, offering affordable and judgment-free gym experiences across the United States. But have you ever wondered who is the CEO of Planet Fitness? In this article, we will delve into the identity of the mastermind behind this thriving fitness empire and explore their contributions to the company's growth and success. Who is the CEO of Planet Fitness? The CEO of Planet Fitness is none other than Chris Rondeau. With his unique leadership style and strategic vision, Rondeau has been instrumental in shaping Planet Fitness into the powerhouse it is today. Rondeau's Journey to the Top: 1. Rising through the Ranks: - Rondeau began his journey with Planet Fitness in 1993 as a front desk employee. - Through hard work and dedication, he quickly climbed the corporate ladder, taking on various roles within the company. 2. Becoming CEO: - In 2013, Rondeau was appointed as the CEO of Planet

Who is the president of planet fitness

Dec 12, 2022 — Planet Fitness Inc. - Planet Fitness Appoints Edward Hymes President and Chief Operating Officer.

Who owns planet fitness cda

Gym memberships in Coeur d'Alene, ID starting as low as $10 per month. No commitment options available, clean environment, and friendly, helpful team 

Why is Planet Fitness stock down?

"Planet Fitness, Inc. (NYSE:PLNT) franchises and operates fitness centers. The stock underperformed as the company lowered its new unit opening target for this year. The cost to build new units has increased, driven by both higher construction costs and interest rates.

Why do stocks go down in September?

Lily says over the summer, maybe a lot of traders aren't paying that much attention to the stock market, especially not the bad news. But when everybody gets back to work in September, all that lingering bad news from the summer really starts to register. That is what causes stocks to go down.

What is historically the worst month for stocks?

The September Effect refers to the historically weak stock market returns observed during the month of September. In fact, September has been the worst performing month, on average, going back nearly a century.

What is the future of Planet Fitness stock?

PLNT Stock 12 Months Forecast Based on 16 Wall Street analysts offering 12 month price targets for Planet Fitness in the last 3 months. The average price target is $66.81 with a high forecast of $80.00 and a low forecast of $45.00. The average price target represents a -1.24% change from the last price of $67.65.

Frequently Asked Questions

Who is the new CEO of Planet Fitness?

Craig Benson Craig BensonInterim CEO Craig Benson has served as Planet Fitness Interim Chief Executive Office since September 2023 and has served on the Planet Fitness Board of Directors since July 2017. He currently serves as the Chief Executive Officer at Soft Draw Investments, LLC.

Why was Rondeau fired?

At the time, Planet Fitness said it had investigated the claims, firing an employee for violating company policy and terminating the contract of Willard's supervisor. It disputed her other allegations as “baseless.” Willard also claimed Rondeau had sexual relationships with subordinates, which he categorically denies.

When did chris rondeau become the ceo of planet fitness

Chris Rondeau has served as the Chief Executive Officer of Planet Fitness since January 2013. Prior to that he served as the Chief Operating Officer since 

How do I complain about a Planet Fitness franchise?

Issues can be reported to the PF Integrity Line – 24 hours a day - by either calling toll-free (844) 254-3065 or on the web at planetfitness.ethicspoint.com.

Is it hard to cancel Planet Fitness?

For most locations, you can visit your home club in person to cancel your membership or send a written notification via mail to your home club requesting to cancel. Some members may also be eligible to cancel their membership online based on their membership type and the location of their home club.

Why did Planet Fitness charge me $39 all of the sudden?

According to Planet Fitness' FAQ page on its website, in order to have access to the gym facilities, there is an annual charge of $39 that "goes towards club maintenance and upkeep." This fee is due once a year and for a lot of people, that time of the year happened July 1, 2020.

When Silver Fitness sells its accounts receivable to a financial institution?

When Silver Fitness sells its accounts receivable to a financial institution, it receives less than the full value of the accounts receivable. Which of the following is a benefit Silver Fitness receives from this arrangement? The time and expense of collecting accounts shifts to the factor.

What is the rationale behind offering customers credit?

Offering credit can help businesses attract new customers who may not have otherwise made a purchase by offering them an alternative to cash payments.

What are three questions financial managers ask when considering long-term?

Final answer: Financial managers ask important questions related to long-term financing, including available funding sources, needed funding for payroll, and alignment with the organization's goals.

Which way would you determine if a firm made or lost money last year by looking at the balance sheet or by looking at the income statement?

Acceptable answer: The quickest way to determine if a firm is profitable or not would be to examine a company's income statement since an income statement is a summary of the firm's revenues, cost of goods sold, and expenses during a specified accounting period—usually a one-year period.

What happens when a company sells its accounts receivables to a factor?

A factor is a specialized financial intermediary who purchases accounts receivable at a discount. Under a factoring agreement a company sells or assigns its accounts receivable to a factor in exchange for a cash advance. The factor typically charges interest on the advance plus a commission.

What are the goals of Planet Fitness?

Our 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, where anyone – and we mean anyone – can feel they belong.

What equipment does Planet Fitness lack?

But you know what the weirdest part of the story is? That a Planet Fitness franchise still had a squat rack to remove. “That's not a typical Planet Fitness,” says McCall Gosselin, the company's director of public relations. “Our clubs don't have equipment like squat racks and Olympic benches.

FAQ

Why is Planet Fitness growing?
Shares of Planet Fitness (PLNT) skyrocketed after the operator of fitness centers posted better-than-expected results and raised its guidance as it added members and stores.
Why are there no free weights at Planet Fitness?
Additionally, there's likely a liability involved with their corporate insurance. It's easier to get hurt with free-weights for individuals who are not trained and since Planet Fitness tends not to have personal trainers, they just don't want to deal with the hassle of free-weights.
What are your fitness goals for this year 2023?
10 Realistic Fitness Goals to Set for 2023 (and How to Stick to...
  • Start a Walking Program.
  • Grow Stronger Glutes.
  • Improve Upper Body Strength.
  • Build a Stronger Core.
  • Boost Your Cardio Endurance.
  • Lift Weights.
  • Increase Your Flexibility.
  • Learn a New Skill.
Who was the former CEO of Planet Fitness?
CEO Chris Rondeau Planet Fitness' board ousted CEO Chris Rondeau.
Who is ceo of planet fitness?
Craig Benson has served as Planet Fitness Interim Chief Executive Office since September 2023 and has served on the Planet Fitness Board of Directors since 
Why is Planet Fitness stock falling?
"Planet Fitness, Inc. (NYSE:PLNT) franchises and operates fitness centers. The stock underperformed as the company lowered its new unit opening target for this year. The cost to build new units has increased, driven by both higher construction costs and interest rates.
Is Planet Fitness doing well financially?
Total revenue increased from the prior year period by 27.6% to $286.5 million. System-wide same store sales increased by 8.7%. System-wide sales increased $128 million to $1,147 million, from $1,019 million in the prior year period. Net income attributable to Planet Fitness, Inc.
How profitable is Planet Fitness?
Planet Fitness is a profitable business for the franchisor, with retained earnings of $210 million in 2021. Compared to $145 million in 2020, they saw an increase of 44% from 2020 to 2021. This is a good indication of high growth as a company overall.
What is Planet Fitness price prediction?
Stock Price Forecast The 17 analysts offering 12-month price forecasts for Planet Fitness Inc have a median target of 72.00, with a high estimate of 100.00 and a low estimate of 57.00. The median estimate represents a +6.37% increase from the last price of 67.69.
Why was CEO of Planet Fitness fired?
It's not clear why he was let go. The company indicated that the change was “not the result of any material or unexpected financial events.” “As we enter the next chapter of Planet Fitness' journey, the Board felt that now was the right time to transition leadership," said Chair Stephen Spinelli, Jr.
How much money does the CEO of Planet Fitness make?
As Chief Executive Officer at PLANET FITNESS INC, Christopher Rondeau made $5,644,947 in total compensation. Of this total $940,385 was received as a salary, $1,119,018 was received as a bonus, $1,162,167 was received in stock options, $2,324,334 was awarded as stock and $99,043 came from other types of compensation.
When did Chris Rondeau become CEO of Planet Fitness?
2013 Rondeau has been a fixture at Planet Fitness since the gym's founding. He started working at the front desk of the company's first location in New Hampshire in 1993 and was named CEO in 2013.
Who owns the most Planet Fitness?
Planet Fitness (NYSE: PLNT) is owned by 100.51% institutional shareholders, 0.48% Planet Fitness insiders, and 0.00% retail investors. Blackrock Inc is the largest individual Planet Fitness shareholder, owning 12.34M shares representing 13.99% of the company.

Who is the ceo of planet fitness

Why did CEO of Planet Fitness leave? It's not clear why he was let go. The company indicated that the change was “not the result of any material or unexpected financial events.” “As we enter the next chapter of Planet Fitness' journey, the Board felt that now was the right time to transition leadership," said Chair Stephen Spinelli, Jr.
Who are the two co founders of Planet Fitness? Marc GrondahlMichael Grondahl Planet Fitness/Founders
Why is Planet Fitness stock dropping? In September, shares of gym chain Planet Fitness (PLNT -1.71%) dropped to multiyear lows after the company suddenly removed Chris Rondeau from his position as CEO. Rondeau had been at the helm since Jan. 2013, leading the company through its initial public offering (IPO) in 2015.
Is Planet Fitness hard to cancel? For most locations, you can visit your home club in person to cancel your membership or send a written notification via mail to your home club requesting to cancel. Some members may also be eligible to cancel their membership online based on their membership type and the location of their home club.
How many people don t go to Planet Fitness? That almost sacrosanct $10 price has become a key part of the company's brand positioning as an accessible, “judgment-free” club conducive to casual gym goers. Planet Fitness members typically go five or six times a month, and around 60% of them don't visit in a 30-day stretch.
Why isn t Planet Fitness 24 hours anymore reddit? Along with that the CEO Chris Rondeau just bought 2 more separate gym franchises that are being converted into Planet Fitness's. Most of the locations that aren't 24/7 anymore changed hours when covid hit and they realized that they didn't need to stay open overnight because the clientele was low from those hours.
How much debt is Planet Fitness in? Planet Fitness has a total shareholder equity of $-164.9M and total debt of $2.0B, which brings its debt-to-equity ratio to -1205%. Its total assets and total liabilities are $2.9B and $3.1B respectively. Planet Fitness's EBIT is $280.5M making its interest coverage ratio 4.
How is Planet Fitness doing financially? Total revenue increased from the prior year period by 13.6% to $277.6 million. System-wide same store sales increased by 8.4%. System-wide sales increased $124.8 million to $1,092.9 million, from $968.1 million in the prior year period. Net income attributable to Planet Fitness, Inc.
Does Planet Fitness have debt? Planet Fitness long term debt for 2022 was $1.978B, a 13.67% increase from 2021. Planet Fitness long term debt for 2021 was $1.74B, a 0.64% decline from 2020.
Why does Planet Fitness ask for bank account? We require an Electronic Funds Transfer (EFT) through checking accounts for your convenience: This allows us to be able to continue your membership without interruption or the hassle of updating your payment information if your credit cards are lost/stolen, invalid or expired.
Is owning a Planet Fitness profitable? On average, Planet Fitness clubs make $447,433 in profits per year. That represents a 28.5% profit margin (EBITDA margin). We found this margin is higher than other fitness franchises.
How much is a Planet Fitness franchise worth? Facts & Figures
Liquid capital required$1,500,000
Net worth required$3,000,000
Investment$936,600 - $4,558,000
Franchise fee$20,000
Royalty7.0%
What is the profit margin for Planet Fitness? How profitable is a Planet Fitness franchise? On average, Planet Fitness clubs make $447,433 in profits per year. That represents a 28.5% profit margin (EBITDA margin). We found this margin is higher than other fitness franchises.
  • How does a Planet Fitness owner make money?
    • Franchise Fees: Planet Fitness operates on a franchising model, where independent franchisees own and operate individual gym locations. As part of the franchising agreement, franchisees pay initial franchise fees and ongoing royalties based on a percentage of their revenue.
  • Is now a good time to buy Planet Fitness stock?
    • This is based on 16 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $80.00 ,the lowest forecast is $45.00. The average price target represents 3.74% Increase from the current price of $64.71. Planet Fitness's analyst rating consensus is a Moderate Buy.
  • Will Planet Fitness stock rebound?
    • The 17 analysts offering 12-month price forecasts for Planet Fitness Inc have a median target of 72.00, with a high estimate of 100.00 and a low estimate of 57.00. The median estimate represents a +3.64% increase from the last price of 69.47.
  • Can you bring a guest everytime to Planet Fitness?
    • PF Black Card® Membership Perks You can get access to any of our 2,400+ locations worldwide, bring a guest every time you work out, use our massage chairs, hydromassage, tanning, travel perks and more**.
  • Can a 13 year old go to Planet Fitness?
    • Members aged 13 and 14 must be accompanied by a parent or guardian when they work out. Members who are 15 to 17 years old must have a signed waiver from a parent or guardian on file. Please note that any PF Black Card® guests must be 18 years old with a valid ID, unless they're accompanied by a parent or guardian.
  • What are the busiest hours at Planet Fitness?
    • Like most businesses, Planet Fitness is usually busy between 4pm-730pm. This comes from the official handout Planet Fitness members should receive when signing up. Also, you can check google for specific Planet Fitness locations and their busy times!
  • Can I use Planet Fitness just to shower?
    • There's also WiFi, and some locations offer free haircuts. Take note, though, that while Planet Fitness locations are fine with you using the showers, they don't offer towels, so be sure to bring your own.
  • Is Chris Rondeau still the CEO of Planet Fitness?
    • But despite his seemingly unshakeable footing in the brand, Rondeau was ousted last week in what the company called a "transition to new leadership." Craig R. Benson, a member of the company's current board, has been announced as interim CEO.
  • Who is the ex CEO of Planet Fitness?
    • CEO Chris Rondeau When Planet Fitness CEO Chris Rondeau was fired, it was a surprise to nearly everyone. But former employees tell Insider Rondeau's behavior raised eyebrows among some at headquarters.
  • Who is Planet Fitness new CEO?
    • Craig BensonInterim Craig BensonInterim CEO Craig Benson has served as Planet Fitness Interim Chief Executive Office since September 2023 and has served on the Planet Fitness Board of Directors since July 2017. He currently serves as the Chief Executive Officer at Soft Draw Investments, LLC.
  • What was in the building where surprise planet fitness is going
    • Gym memberships in Surprise, AZ starting as low as $10 per month. No commitment options available, clean environment, and friendly, helpful team members!
  • What is in the news about planet fitness
    • The latest news and press releases from one of the largest and fastest growing brands. Planet Fitness Offers Special Black Friday Deal For PF Black Card