Town Sports International (TSI), New York, reported a decrease in first quarter 2014 revenue and may close underperforming clubs later this year as the company released its financials today. TSI had revenue of $115.9 million in first quarter 2014, a 2.7 percent drop from the $119.1 million it generated in first quarter 2013. TSI also had a net loss of $3.5 million in first quarter 2014 compared to net income of $4.2 million in the same period last year. Related TSI Revenue Down for ...
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