Key insights
- Planet Fitness appointed Levi Strauss CFO Harmit Singh to its board. While seemingly minor, this adds financial expertise and may signal strategic shifts. Levi's recent earnings beat could positively influence investor sentiment towards Planet Fitness, though the direct impact is limited.
HAMPTON, N.H. - Planet Fitness, Inc. (NYSE:PLNT) appointed Harmit Singh to its board of directors, effective immediately, the company said in a press release statement today.
Singh serves as Chief Financial and Growth Officer of Levi Strauss & Co. (NYSE:LEVI), where he oversees finance, investor relations, mergers and acquisitions, and corporate strategy. He led the apparel company through its initial public offering in 2019 and oversaw expansion of approximately 200 stores over the past five years.
The appointment expands Planet Fitness’s board to ten directors. Singh brings more than 40 years of experience in financial and commercial leadership roles across consumer and hospitality companies.
Prior to Levi Strauss, Singh served as Executive Vice President and Chief Financial Officer of Hyatt Hotels Corporation, where he led the company’s initial public offering. He also held senior financial positions at Yum! Brands, including Chief Financial Officer roles at Yum! Restaurants International and Pizza Hut.
Singh currently serves on the Sutter Health board and has held positions on other public company boards over the past decade.
"Harmit’s appointment reflects our continued focus on further strengthening the Board’s financial, strategic, and operational expertise," said Stephen Spinelli, Jr., Chairman of the Board of Directors.
Planet Fitness operates as one of the largest fitness center franchisors globally. As of December 31, 2025, the company had approximately 20.8 million members and 2,896 clubs across the United States, Canada, Panama, Mexico, Australia and Spain. Approximately 90% of Planet Fitness clubs are owned and operated by independent franchisees.
In other recent news, Levi Strauss & Co. reported its fourth-quarter 2025 earnings, surpassing analyst expectations. The company achieved an earnings per share (EPS) of $0.41, exceeding the forecasted $0.39, and generated revenue of $1.8 billion, surpassing the anticipated $1.71 billion. Despite these strong financial results, Levi’s stock experienced a decline in after-hours trading. Additionally, Levi Strauss completed the sale of its Dockers brand to Authentic Brands Group, allowing the company to focus on its Levi’s and Beyond Yoga brands. The proceeds from this transaction are intended to be returned to shareholders through accelerated share repurchase programs. In terms of analyst activity, UBS reiterated a Buy rating for Levi Strauss, citing the company’s transformation into a global lifestyle brand. Jefferies also initiated coverage with a Buy rating and a $25 price target, noting Levi’s strategic shift towards direct-to-consumer channels. These developments highlight Levi Strauss’s ongoing efforts to evolve and adapt in the competitive retail market.
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