Town Sports International Holdings Inc. Reports Operating Results (10-Q)

“Our revenues, operating income and net income (loss) for the three months ended September 30, 2009 were $120.4 million, $1.4 million and ($1.5) million, respectively, and $128.1 million, $11.6 million and $3.8 million, respectively, for the three months ended September 30, 2008. Our revenues, operating income and net income for the nine months ended September 30, 2009 were $371.1 million, $15.6 million and $1.7 million, respectively, and $383.8 million, $42.1 million and $15.5 million, respectively, for the nine months ended September 30, 2008. Total revenue for the three months ended September 30, 2009 decreased $10.8 million, or 9.1%, at clubs opened for more than 24 months when compared to the same period last year. Total revenue for the nine months ended September 30, 2009 decreased $26.9 million, or 7.4%, at clubs opened for more than 24 months when compared to the same period last year. Our operating margins decreased to 1.2% and 4.2% in the three and nine months ended September 30, 2009, respectively, from 9.0% and 11%, respectively, in the same periods in the prior year.”

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