Planet Fitness is hiking its $10 membership plan for the first time in 26 years

Planet Fitness says the decision to raise the cost of its basic plan comes amid"several headwinds" impacting the company's earnings results.WASHINGTON — Planet Fitness is raising the cost of its basic membership plan for the first time in 26 years.

Current members who signed up for the $10 plan will still have that rate locked in until their membership expires, according to a "It will take some time for the benefit of the price change to expand our store level margins as the price increase will only be on new classic card memberships," Planet Fitness CFO Tom Fitzgerald said in thePlanet Fitness'"classic card," the gym chain's lowest plan, only allows members to use a single gym location.

The decision to raise the basic plan to $15 is a result of"several headwinds" impacting the company's earnings results. The new price was chosen after a series of price-tests in different markets, according to the company.

Source: Healthcare Press (healthcarepress.net)

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Planet Fitness will raise its $10 membership plan for the first time in 26 yearsPlanet Fitness will raise the price of its “classic” membership from $10 a month to $15 for new members beginning in the summer.
Source: wrtv - 🏆 598. / 51 Read more »

Planet Fitness is hiking its $10 membership plan for the first time in 26 yearsFollow us here to get the latest top headlines with KENS 5 anchor Sarah Forgany every weekday!
Source: KENS5 - 🏆 608. / 51 Read more »

Planet Fitness is hiking its $10 membership plan for the first time in 26 yearsA few years ago, we introduced you to a fourth grader booking gigs as a local DJ.
Source: WTHRcom - 🏆 329. / 59 Read more »

Planet Fitness is hiking its $10 membership plan for the first time in 26 yearsHere are some tips on how to talk with your children about their mental health.
Source: 10TV - 🏆 560. / 51 Read more »

Planet Fitness is hiking its $10 membership plan for the first time in 26 yearsA man was found dead with a gunshot wound after he crashed into a gas pump near Creek Bend Drive in southwest Houston Friday morning, May 10, 2024.
Source: KHOU - 🏆 330. / 59 Read more »

Planet Fitness is hiking its $10 membership plan for the first time in 26 yearsDrivers should use caution in the area as the overturned dump truck has spilled sand onto the interstate.
Source: FCN2go - 🏆 523. / 51 Read more »