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Overview
Highlights
News
Strategy
Chart
Contacts
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expects net income to be between $13.7 million and $14.7 million
for 2007, when compared with 2006 net income of $4.6 million.."
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| Approximate
Financial Snapshot as of 8/27/07 |
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| Shares
Outstanding |
26.21M |
| 52
Wk Hi/Lo |
24.00/
12.45
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| Market
Cap |
$465.5M |
| Recent
Price |
$17.76 |
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8/27/07
Town
Sports International (CLUB)

Website:
www.nysc.com
A
Profitable and Growing Operator of Fitness Clubs.
Overview
Town Sports International (CLUB)
is one of the two leading owners and
operators of fitness clubs in the Northeast and Mid-Atlantic regions of the
United States and the third largest fitness club operator in the United
States, in each case as measured by number of clubs. CLUB operates under the
brand names of New York Sports Clubs, Boston Sports Clubs, Washington Sports
Clubs and Philadelphia Sports Clubs. In addition, it operates three clubs in
Switzerland.
The company operates approximately
149 clubs, including 99 fitness clubs in the New York metropolitan market,
21 fitness clubs in the Boston market, 19 fitness clubs in the Washington,
D.C. market, 7 fitness clubs in the Philadelphia market, and 3 fitness clubs
in Switzerland. It serves approximately 472,000 members in the United States
and six thousand in Switzerland. The company's long-term goal is to have 350
clubs, growing at 12 to 15 locations a year.
This is an abbreviated profile
and we encourage readers interested in learning more about Imax Corporation to visit
the company website at www.nysc.com.
CLUB
Investor Highlights
- Second quarter 2007 total
revenue increased 9.4% to $119.8 million versus $109.5 million in second
quarter of 2006.
- Second quarter 2007
operating income increased 20.8% to $16.4 million versus $13.6 million
in second quarter of 2006.
- Second
quarter 2007 earnings per share were $0.24 compared to a loss per share
of $0.13 in second quarter of 2006.
- Has opened six clubs in
2007 and an additional nine clubs are under construction and planned to
open during the remainder of the year.
- Comparable club revenue increased 5.7%
during Q2 2007.
- Total revenue for the six months ended
June 30, 2007 grew 10.1% to $235.2 million from $213.5 million in the
same period in 2006.
- Net income in the six months ended June
30, 2007 was $2.6 million compared to a net loss of $2.8 million in the
same period in 2006.
- The Company expects total revenue for 2007
to be in the range of $475.0 million to $480.0 million, representing 10%
to 11% growth over 2006.
- Expect net income to be between $13.7
million and $14.7 million for 2007, when compared with 2006 net income
of $4.6 million.
- The Company expects earnings per share
("EPS") of between $0.51 and $0.55 per share for the year.
Recent
News and Press Releases
Town
Sports International Holdings, Inc. Announces Second Quarter 2007 Financial
Results
New
York Sports Clubs Opens in Midwood, Brooklyn
New
York Sports Clubs Opens in Carmel, New York
For the latest Quote
and News on CLUB Click
Here.
Strategy
CLUB's goal is to be the most recognized health club network in each of the
four major metropolitan regions it serves. The strategy of clustering clubs
provides significant benefits to members and allows the company to achieve
strategic operating advantages. In each of its markets, they have developed
clusters by initially opening or acquiring clubs located in the more central
urban markets of the region and then branching out from these urban centers
to suburbs and neighboring communities.
Over its 32-year history, Town Sports has
developed and refined club formats that allow it to cost-effectively
construct and efficiently operate fitness clubs. The formats are flexible
enough to adapt to the difficult real estate environments in its markets.
They are designed to accommodate fitness-only and multi-recreational clubs
ranging in size from 15,000 to 55,000 square feet. The average size of a
club is approximately 24,000 square feet. Clubs typically have an open
fitness area to accommodate cardiovascular and strength-training equipment,
as well as special purpose rooms for group fitness classes and other
exercise programs.
Three
Month Chart
Contacts
Town Sports
International
5 Penn Plaza 4th Floor
New York, NY 10001
Phone: 212-246-6700
Fax: 212-246-8422
SEC Filings
CLUB filings with the SEC can be found here.
All Fillings are current and the Company is fully reporting.
Disclaimer
SmallCapReview.com
feature stock reports are intended to be stock ideas, NOT recommendations.
Please do your own research before investing. It is crucial that you at
least look at current SEC filings and read the latest press releases.
For continuing coverage of CLUB, please sign up for our free newsletter.
Information contained in this report was extracted from current documents
filed with the SEC, the company web site and other publicly available
sources deemed reliable. For more information see our disclaimer section, a
link of which can be found on our web site. This document contains
forward-looking statements, particularly as related to the business plans of
the Company, within the meaning of Section 27A of the Securities Act of 1933
and Sections 21E of the Securities Exchange Act of 1934, and are subject to
the safe harbor created by these sections. Actual results may differ
materially from the Company's expectations and estimates. The information
provided in this report is not intended for distribution to, or use by, any
person or entity in any jurisdiction or country where such distribution or
use would be contrary to law or regulation or which would subject us to any
registration requirement within such jurisdiction or country.
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International profile on its website and distributing it to its
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Information presented on our web site and within our reports contain
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