Planet Fitness is a company that franchises and operates fitness centers under its brand across many countries, including the United States, Canada, and Australia. It has three segments: Franchise, Corporate-Owned Stores and Equipment, which are responsible for franchising in various countries, operating corporate-owned stores, and selling fitness equipment, respectively. The company boasts a total of 2,254 stores in 50 states, the District of Columbia, Puerto Rico, Canada, Panama, Mexico, and Australia.