Planet Fitness, Inc., through its subsidiaries, franchises and operates fitness centers. The company operates in three segments: Franchise, Corporate-owned stores, and Equipment. The Franchise segment is involved in the franchise of fitness centers in the United States, Puerto Rico, and Canada. The Corporate-owned stores segment operates corporate-owned stores in the United States and Canada. The Equipment segment engages in the sale of fitness equipment to franchisee-owned stores. As of February 18, 2016, the company had approximately 1000 stores in 47 states, the District of Columbia, Puerto Rico, and Canada. Planet Fitness, Inc. was founded in 1992 and is headquartered in Newington, New Hampshire.