Company
The Gym Group PLC
LON:GYM
We’re the Gym Group, a totally new way to exercise. Affordable, high-spec nationwide gyms, that make absolutely everybody feel welcome. Whatever your starting point, and wherever you want to go, we can help. So we’re for everyone who’s had enough of the unbelievably-expensive-monthly-contract gym, or the make-me-feel-judged-the-moment-I-walk-through-the-door gym. As you might expect we’re growing fast, and there are new Gyms popping up all over the country. And it’s not just new members we’re winning – we won the ‘Budget Gym of the Year Award’ at the National Fitness Awards 2011.
58 stories
Virgin Active seeks £70m as premium gym memberships plummet
Cost-cutting gym bunnies seeking less flashy alternatives
Gym Group slumps as working-from-home trend still impacting some gyms
Richard Darwin, CEO of The Gym Group, said: “Working patterns have continued to evolve post the pandemic and while performance of our 16 workforce-dependent sites is disappointing, the rest of the estate continues to recover well and demons
The Gym Group shares slump to lowest in 16 months on recovery and inflation woes
Low-cost gym operator flags rising inflation and utility costs in the second half
The Gym Group sees increase in premium multi-site membership after gyms open following lockdown
The gym operator said it is trading in line with market expectations for FY 2021
The Gym Group sets hearts racing as post-lockdown demand outstrips expectations
Since reopening its branches across the UK, the chain said it had seen strong demand as membership jumped to 729,000 on May 24 from 547,000 at the end of February
PureGym back to 2019 levels as it records 1mln workouts on first week of reopenings
The gym operator has reopened 56% of its estate in England and Switzerland
The Gym Group jogs higher as 2020 results better than feared
The gym chain reported that 45% of its trading days last year had been lost due to lockdown measures in the UK, although it said it was able to stay cash flow positive during its open periods
The Gym Group cuts monthly cash burn to £5mln with government support
Over the whole of 2020, the company lost 45% of the trading days to coronavirus restrictions
Gym Group may typify quiet Friday in London but US earnings season kicks off
There should also be updates from Ashmore, Meggitt and Spire in London, plus JP Morgan, Citigroup and Wells Fargo in the US
The Gym Group expects £6mln cash burn from closures
The low-cost gym operator has closed its 167 gyms in England last week
The Gym Group sees new joiners rise by a third after gyms reopen following lockdown
Gyms in England were allowed to reopen on July 25, while sites in Wales and Scotland resumed activity on August 10 and 31, respectively
Archive
Gym Group warms up for Wednesday results, Barratt kicks off housebuilder duet with finals
On the macro front, investors will be looking closely across the Atlantic for the US ADP employment numbers ahead of Friday’s non-farm payrolls
Archive
Shortened week will see macro data in focus amid light corporate calendar
Housebuilders Barratt and Berkeley are among those scheduled to report in the week, with the US non-famr payrolls likely to dominate Friday's news
The Gym Group says to reopen gyms in England on July 25
The sites will not operate 24/7 initially and will follow strict safety protocols
The Gym Group restarted at ‘overweight’ as Barclays says risk/reward profile is “sufficiently attractive”
Despite the positive rating, the bank warned that the company’s membership numbers would be the “critical factor” in the investment case
The Gym Group keeps venues open, sheds 2% of members in two weeks
The gym chain has paused its pipeline rollout and is following advice from the authorities on coronavirus
The Gym Group's revenues power ahead as membership rises
The low-cost gym chain posted £153.1mln revenue for 794,000 members at year-end, while average revenue per member per month rose 7.6% to £16.02
Gym Group pumps higher as half-year profits soar
The number of members continues to rise as Gym Group opens more sites, and those people are paying a little bit more than they were last year
Lender Amigo, recruiter Hays and Gym Group all due to report on busy Thursday in London
There has been a dearth of announcements over the summer holidays, but the corporate news machine is getting ready to fire itself up again with the kids heading back to school shortly
Gym Group on track to meet 2019 targets after strong first half
"I am excited about the potential of the company and look forward to delivering another year of strong profitable growth for shareholders," said chief executive Richard Darwin.
Investments and investor services
FTSE 100 closes lower Friday after lacklustre week
The FTSE 250 went the other way and gained over 87 points on Friday
Archive
Gym Group set to flex its muscles again with strong trading update
Analysts at Liberum expect Gym Group to benefit from the rising popularity of low-cost gyms as more consumers tighten the purse strings and make healthier choices
Archive
Barratt Developments and Bovis Homes to provide main building bricks in coming week
Aside from the two housebuilders, corporate updates in the coming week will also be delivered by retailers Ocado, Superdry and Dunelm
Barclays thinks Gym Group fit enough to return to an ‘overweight’ rating based on improving pricing trends
The Barclays analysts said they had been concerned that price cuts in 51 Gym Group gyms were an early signal that over-capacity had been reached
Gym Group’s revenues and profits surge as gymgoers flock to its no-frills fitness clubs
The Gym Group added more than 100,000 new members last year which helped drive a revenue and profit surge
The Gym Group shares weighed down by higher debt predictions despite 2018 revenue growth
The firm expected revenues for 2018 to be up 35.6% at £123.6mln, however acquisitions and investments meant net debt was forecast to jump by £8.5mln to £46mln
Investments and investor services
FTSE 100 closes higher as attention focuses on House of Commons vote
FTSE 100 closed 40 points higher at 6,895, while the mid-cap FTSE 250 closed around 12 up at 18,429.
Archive
Persimmon and Boohoo will be in focus but Tuesday will be about Brexit
Parliament will finally vote on Theresa May's Brexit agreement, but, before that, Persimmon, BooHoo, Hays and Games Workshop will have announcements for the market.
Archive
Brexit, UK inflation the main focus but retail and housebuilder updates continue to flow
Aside from the Brexit merry-go-round, the Week Ahead will bring UK inflation and retail sales numbers, plus updates from the likes of AB Foods, Persimmon, Bovis Homes, and Whitbread
Peel Hunt spotlights 29 stocks with potential to double on 2-3 year view including Base Resources, Eland O&G, Motif Bio, Circassia
The City broker’s analysts pointed out that December is often a time for winding down and celebrating but with the FTSE All Share looking set to record its worst annual performance since 2008 the festive spirit is a little short this year
The Gym Group appoints former Tesco director Mark George as CFO
Mark George replaces Richard Darwin, who stepped up to become chief executive officer following the departure of John Treharne
The Gym Group sheds a few pence after in-line interims
Average revenue per member per month increased compared to last year - up 1.6% to £14.65 (2017: £14.42)
Investments and investor services
FTSE 100 gets hit by sterling surge after Barnier's Brexit comments
Michel Barnier apparently said that the bloc was willing to offer the UK a unique deal
Archive
Petrofac has catching up to do
Updates are expected from Petrofac, Diploma and the short-seller's favourite, IQE
Archive
Week ahead: Restaurant Group, Hays, Petrofac, WH Smith, Hunting, Bunzl...
The week ahead will see interims from the Restaurant Group, Petrofac, Hunting and Bunzl along with full year results from Hays and a trading update from WH Smith
Investments and investor services
FTSE 100 closes higher as traders await US interest rate decision
The Footsie has been in consolidation mode for most of the day
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UK inflation data could provide signpost to upcoming Bank of England rate hikes
Day ahead includes February UK inflation numbers, plus results from housebuilder Bellway PLC, online grocer Ocado PLC, and oil services firm John Wood Group PLC
Archive
Markets await interest rate decisions from Bank of England and Federal Reserve
The week ahead includes policy announcements from the Bank of England and Federal Reserve along with corporate earnings from Bellway, Next, Ted Baker, Kingfisher and Wood Group
Investments and investor services
FTSE 100 closes lower as miners prove a drag
London’s blue-chip benchmark closed around 13 points lower on the day at 7,755
Archive
UK inflation may tick lower in December; retailers' Christmas updates continue to flow
Day ahead includes latest UK inflation data, plus trading updates from retailers Dunelm PLC, Greggs PLC, and JD Sports Fashion PLC, as well as Johnson Matthey PLC
Archive
Coffee break eyed at Whitbread as retail trading updates continue to flow
Week ahead includes trading updates from Whitbread PLC, Associated British Foods PLC, Experian PLC, Royal Mail Group PLC, William Hill PLC, Burberry PLC, plus UK inflation and retail sales data
Gym Group Lifestyle Fitness acquisition should pump up revenues, says Numis
The stock was among the top risers in early deals in London
More members, more money for The Gym Group
It’s been a busy six months for the low-cost gym operator, which has just announced its first pre-tax profit, its maiden dividend and the immediate resignation of two directors