The Sports Club Co. Reports Improved Q1 Revenue

The Sports Club Co., Los Angeles, reported first quarter 2011 revenue of $13.8 million, an increase of 4.7 percent from first quarter 2010.

For the quarter, revenue from memberships totaled $9.8 million, and revenue from products and services totaled $3.91 million compared to $9.2 million and $3.93 million, respectively, in the same period last year.

Net income was $335,000 for first quarter 2011 compared to a net loss of $273,000 in first quarter 2010.

The company owns and operates The Sports Club/LA complexes in Los Angeles, Orange County, CA, Beverly Hills, CA, and at Rockefeller Center in New York City. Millennium Partners owns the other Sports Club/LA clubs.

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