SGB Update Sports & Fitness
Report: January Golf Rounds Played Stymied by More Seasonal Weather
National rounds played for January 2024 were down 16.6 percent as wetter, colder weather in key Southeast markets and all off-season regions offset the substantial growth in golf rounds played in California, with solid growth in Arizona, New Mexico and Nevada.
The Beachbody Company Ticker Symbol Changes Next Week
Class A common stock will begin trading on the New York Stock Exchange under the new ticker symbol BODI before the market opens on March 4, 2024.
Wofford College Appoints New Director of Athletics
Scott Kull is the deputy athletics director for external affairs and executive director of the University of North Carolina Charlotte Athletics Foundation and will join Wofford on April 1, 2024.
Anytime Fitness Parent Boasts Double-Digit Revenue Growth in 2023
Across SEB’s portfolio of brands, combined franchise sales grew by more than 500 units worldwide, including 284 new non-U.S. locations and systemwide revenues were up 12.3 percent in 2022.
Rep Fitness Strengthens Global Footprint with New Japan Distributor
The company has partnered with Uchinogym as its distributor in Japan empower commercial gyms, home gyms, and more with exclusive access to Rep’s product line.
Pickleball Kingdom Expanding to the Windy City
A series of indoor pickleball clubs across Chicago, spearheaded by GTOne Management Group, which is led by industry veterans Abhilash and Rama.
Baseline Fitness LLC Acquired by Private Investment Firm
The Planet Fitness franchisee, which has 100 locations under its umbrella, was acquired by Mayfair Capital Partners, a division of Oxford Financial Group, Ltd.
New Balance Hits $6.5 Billion in 2023; Nearly Doubles Sales Since 2020
The company delivered double-digit record growth in every global market in 2023, reaching $6.5 billion in annual sales, a 23 percent increase from 2022.
National Golf Course Owners Association appoints new Board Member
The NGCOA recently selected Bobby Jones Links Founding Partner Whitney Crouse to serve on its Board of Directors. He has spent over three decades developing, building and managing golf properties.
Planet Fitness Q4 Profits Grow as Revenue Inches Up Amid Executive Moves
Franchise segment revenue increased 13.9 percent and Corporate-Owned Stores segment revenue increased 15.9 percent, while Equipment segment revenue decreased 25.5 percent, netting 1.4 percent growth for the quarter.
Planet Fitness Chief Financial Officer to Retire
The news comes a day after Planet Fitness reported to the SEC that former CEO and 20-year company veteran Chris Rondeau resigned from the company’s Board of Directors over job cuts and authority provided the interim CEO.
On Expanding Global Retail Presence; to Open Portland, OR Store
The Swiss performance sportswear brand, will open its newest U.S. store in Portland, OR, on February 24 in an area of town vibrant with shops and restaurants and one mile from its Americas HQ.
Play It Again Parent Sees Growth Moderate in 2023 Second Half
Parent company of the Play It Again Sports franchisor and other retail resale banners, reported revenues for the year ended December 30, 2023 were $83.2 million, up from $81.4 million in 2022.
Pvolve To Bring New Studio to Denver
Pvolve, the omnichannel fitness company, signed a franchise agreement with member Cali Kyle to open its first studio in Denver, CO this fall.
Garmin Posts Solid Q4 Growth in All Active Lifestyle Segments; EPS Up 27 Percent
The company reported that consolidated revenue for the fourth quarter was $1.48 billion, a 13 percent increase compared to the prior-year quarter, with growth across all segments except Aviation.
