They do have equipment revenue. Last quarter was ~20% of sales. Equipment varies though because some of the brands they offer require little equipment (ex, Yoga6) and some would require a lot (ex, BFT, Rumble, etc.)
ah thanks.. they mention it "Equipment Revenue – Sales of equipment to franchisees and related rebates".. so they have plenty of equipment on sale to their franchisees
what are Equipment revenue please? They dont sell equipment? These are costs?
"Equipment revenue - includes equipment revenue for new studios, installation of equipment, and replacement equipment for existing studios."
They do have equipment revenue. Last quarter was ~20% of sales. Equipment varies though because some of the brands they offer require little equipment (ex, Yoga6) and some would require a lot (ex, BFT, Rumble, etc.)
ah thanks.. they mention it "Equipment Revenue – Sales of equipment to franchisees and related rebates".. so they have plenty of equipment on sale to their franchisees
Yes, it is a part of the business and will continue to be a part as more franchisees open their studios around the world