Corporate-Owned and Franchisee-Owned Stores (Tables)

3 Months Ended

Mar. 31, 2021

Franchisors [Abstract]

Schedule of Changes in 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, 2021 and 2020:

	For the three months ended March 31,
	2021	2020
Franchisee-owned stores:
Stores operated at beginning of period	2,021	1,903
New stores opened	22	38
Stores debranded, sold or consolidated(1)	—	(1)
Stores operated at end of period(2)	2,043	1,940
Corporate-owned stores:
Stores operated at beginning of period	103	98
New stores opened	—	1
Stores acquired from franchisees	—	—
Stores operated at end of period(2)	103	99
Total stores:
Stores operated at beginning of period	2,124	2,001
New stores opened	22	39
Stores acquired, debranded, sold or consolidated(1)	—	(1)
Stores operated at end of period(2)	2,146	2,039

 (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 “stores operated” include stores that have closed temporarily related to the COVID-19 pandemic. All stores were closed in March 2020 in response to COVID-19, and as of March 31, 2021 2,110 were re-opened and operating, of which 2,009 were franchisee-owned stores and 101 were corporate-owned stores.