The Gym (GB:GYM) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
The Gym Group plc reports a robust H1 2024 with a 12% revenue increase to £112.1m and a surge in membership to 905,000, alongside an improved average revenue per member. The company has expanded its footprint by opening four new gyms and is on track with its expansion strategy to open 10-12 gyms by year-end. The Gym Group’s financial position is strengthened by a new refinancing arrangement and anticipates year-end results to exceed market expectations.
For further insights into GB:GYM stock, check out TipRanks’ Stock Analysis page.
