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The Gym ( (GB:GYM) ) has provided an update.
The Gym Group reported strong financial performance for 2024, with an 11% increase in revenue to £226.3 million and a 7% rise in like-for-like revenue. The company expanded its membership to 891,000 and opened 12 new sites, aligning with its growth strategy. With plans to accelerate new site openings and reinvest in its estate and technology, the Group expects FY25 profits to meet the top end of market forecasts despite additional costs from regulatory changes.
More about The Gym
The Gym Group is a pioneering low-cost gym operator in the UK, offering flexible, no-contract memberships and 24/7 access across 245 locations. Known for high member satisfaction and being the UK’s first carbon-neutral gym chain, it serves a large membership base with over 65 million annual visits.
YTD Price Performance: -4.70%
Average Trading Volume: 146,149
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £259.7M
See more data about GYM stock on TipRanks’ Stock Analysis page.
