Town Sports Int'l (CLUB) Tops Q4 EPS by 5c

Town Sports Int'l (NASDAQ: CLUB) reported Q4 EPS of ($0.14), $0.05 better than the analyst estimate of ($0.19). Revenue for the quarter came in at $109.7 million versus the consensus estimate of $108.16 million.

Total member count increased 5,000 to 484,000 during Q4 2014 compared to a decrease of 10,000 in Q4 2013.

Robert Giardina commented: “The fourth quarter capped a year of significant transformation and highlighted positive momentum for our business. Compelled by industry change, we embarked on a new pricing strategy which we expect will first result in membership growth and increased market share followed by renewed positive EBITDA growth combined with improved cash flow. In addition, to improve the productivity of our asset base, we closed eight clubs, slowed development and are focusing most of our efforts on maximizing the potential of our existing clubs. Everything we are doing leverages the established team, infrastructure and brand that our company has developed over many years, and we are energized by the continued focus on health and fitness in America.”

For earnings history and earnings-related data on Town Sports Int'l (CLUB) click here.

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