Corporate-Owned and Franchisee-Owned Stores

3 Months Ended

Mar. 31, 2020

Corporate-Owned and Franchisee-Owned Stores

The following table shows changes in our corporate-owned and franchisee-owned stores for the three months ended March 31, 2020 and 2019:



	For the three months ended March 31,
	2020		2019
Franchisee-owned stores:
Stores operated at beginning of period	1,903		1,666
New stores opened	38		65
Stores debranded, sold or consolidated⁽¹⁾	(1	)	(1	)
Stores operated at end of period⁽²⁾	1,940		1,730

Corporate-owned stores:
Stores operated at beginning of period	98		76
New stores opened	1		—
Stores acquired from franchisees	—		—
Stores operated at end of period⁽²⁾	99		76

Total stores:
Stores operated at beginning of period	2,001		1,742
New stores opened	39		65
Stores acquired, debranded, sold or consolidated⁽¹⁾	(1	)	(1	)
Stores operated at end of period⁽²⁾	2,039		1,806

(1)

The term “debrand” refers to a franchisee-owned store whose right to use the Planet Fitness brand and marks has been terminated in accordance with the franchise agreement. The Company retains the right to prevent debranded stores from continuing to operate as fitness centers. The term “consolidated” refers to the combination of a franchisee’s store with another store located in close proximity with our prior approval. This often coincides with an enlargement, re-equipment and/or refurbishment of the remaining store.

(2)

The totals above reflect stores operating prior to temporary store closures related to the COVID-19 pandemic. All stores were closed in March 2020 in response to COVID-19 and remained closed as of March 31, 2020.