“Second Quarter Overview:
-- Revenue decreased 5.2% in Q2 2010 compared to Q2 2009.
-- Comparable club revenue decreased 4.2% in Q2 2010 compared to Q2 2009.
-- Total member count, excluding short-term summer, seasonal and student members, decreased 2.2% compared to March 31, 2010 and 3.8% compared to June 30, 2009.
-- Total number of clubs in operation decreased to 161 as of June 30, 2010 from 166 as of June 30, 2009.
-- Membership attrition averaged 3.3% per month in Q2 2010 compared to 3.5% in Q1 2010 and 3.7% per month in Q2 2009.
-- Loss per share was ($0.04) in Q2 2010.
-- Q2 2010 results include fixed asset impairment and severance charges, net of taxes, of $2.0 million or ($0.09) per share. Q2 2009 results included severance charges, early lease termination costs and rent expense related to an anticipated judgment in connection with a lease dispute, net of taxes, of $879,000 or ($0.04) per share.
http://www.marketwatch.com/story/town-sports-international-holdings-inc-announces-second-quarter-2010-financial-results-2010-07-29?reflink=MW_news_stmp
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