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 March 31, 2015, the company had 976 stores, which include 919 franchised stores and 57 corporate-owned stores located in 47 states, Puerto Rico, and Canada. Planet Fitness, Inc. was founded in 1992 and is headquartered in Newington, New Hampshire.