Equinox Earnings Rise, Cash Burn Eases Amid Pandemic Rebound

Luxury fitness chain Equinox Holdings reported stronger earnings for the three months through June, buoying its debt prices, according to people with knowledge of the matter.

For the quarter that ended June 30, Equinox generated $8.7 million of earnings before interest, taxes, depreciation and amortization, after posting a loss a year earlier, said the people, who asked not to be named discussing private results. It burned through $22 million of cash in the quarter, compared with $32 million in the same period in 2021.

The company’s term loan B is quoted at around 78 cents on the dollar, up from ...