Planet Fitness

Planet Fitness, Inc. engages in the operation and franchising of fitness centers. It operates through the following segments: Franchise, Corporate-Owned Stores, and Equipment. The Franchise segment includes operations related to the company's franchising business in the United States, Puerto Rico, Canada, the Dominican Republic, Panama, Mexico, and Australia. The Corporate-Owned Stores segment comprises operations with respect to all Corporate-owned stores throughout the United States and Canada. The Equipment segment involves the sale of equipment to franchisee-owned stores. The company was founded by Michael Grondahl and Marc Grondahl in 1992 and is headquartered in Hampton, NH.

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Planet Fitness reports record growth in Q4 2022, eyes international expansion

Planet Fitness delivered a strong performance in Q4 2022, with record membership growth, positive financial indicators, and a focus on digital engagement and member retention. Despite challenges like rising construction costs and evolving member preferences, the company remains optimistic about future growth prospects, aiming to double membership and expand globally.

Planet Fitness excels in Q1, eyes international growth opportunities

Planet Fitness demonstrated robust performance in Q1, driven by membership growth and strategic investments.
While facing challenges like higher interest rates and margin impacts, the company remains resilient and focused on growth opportunities.
With a strong emphasis on international expansion and member engagement, Planet Fitness is poised for continued success.

Planet Fitness reports robust Q2 performance amidst franchisee challenges

Planet Fitness delivered a strong Q2 performance with notable membership growth and improved member retention. While facing challenges in store development and franchisee profitability, the company is focused on supporting franchisees and exploring growth avenues. Opportunities lie in expanding internationally and enhancing store economics.

Planet Fitness excels in Q3 with new growth strategies

Planet Fitness showcased robust growth in Q3 2023, driven by strong membership numbers and financial performance.
The company's new growth model aims to optimize store economics and enhance returns for franchisees.
Despite challenges in store development, Planet Fitness is exploring opportunities to innovate pricing and marketing strategies for sustained growth.

Planet Fitness reports robust growth and strategic expansion plans

Planet Fitness delivered strong financial results and strategic initiatives in 2023, positioning the company for continued growth and market expansion.
While facing challenges in real estate and pricing optimization, the brand's adaptability and focus on member experience present opportunities for future success.
With a diverse member base, international expansion plans, and ongoing innovation, Planet Fitness remains well-positioned in the fitness industry.
The company's proactive approach to addressing market dynamics and enhancing franchisee economics underscores a commitment to sustainable growth.

Planet Fitness reports strong Q1 performance and strategic growth focus

Planet Fitness reported strong Q1 2024 performance with notable member growth and EBITDA increases. Challenges in net new member growth and marketing impact were acknowledged.
The company's strategic decisions on pricing adjustments and debt refinancing demonstrate adaptability. New CEO's appointment and marketing strategy review indicate a focus on future growth.
Opportunities in pricing adjustments, marketing strategy reallocation, and international expansion efforts in Spain are key focus areas. Franchisee sophistication and positive test results provide a strong foundation for growth.
Overall, Planet Fitness remains well-positioned for growth with a focus on strategic decision-making, marketing effectiveness, and international expansion opportunities.

Planet Fitness excels in Q2, eyes growth through strategic focus

Planet Fitness delivered strong financial performance in Q2 with notable growth in stores, sales, revenue, and EBITDA.
The company's leadership is strategically focused on growth, member experience, and profitability.
Challenges lie in maintaining growth momentum, managing costs, and navigating pricing strategies.
Opportunities exist in leveraging leadership expertise, exploring pricing tests, expanding store footprint, and optimizing equipment mix.

Planet Fitness reports strong Q3 performance and eyes growth opportunities

Planet Fitness (PLNT) delivered a robust performance in Q3 2024, showcasing growth in sales, revenue, and adjusted EBITDA, along with a membership increase to 19.6 million.
The company's strategic imperatives focus on brand strategy, member experience enhancement, and new club growth, supported by a new CFO emphasizing collaboration.
While challenges like member churn and pricing strategies exist, Planet Fitness has opportunities in expanding engagement programs, international markets, and product refinement.
Overall, Planet Fitness demonstrates strength in its business model, leadership transition, and potential for growth amidst competitive challenges in the fitness industry.

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PLNT's third-quarter 2024 results are aided by new club openings and higher royalty revenues.

Planet Fitness Q3 Earnings & Revenues Beat, '24 View Raised

Sales are growing faster than expected, putting to rest the concerns of some investors.

Why Planet Fitness Stock Jumped to an All-Time High Today

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Initial Claims Increased Slightly More Than Expected

Planet Fitness, Inc. has shown strong growth with Q3 revenues up 5.3% and adjusted EBITDA rising to $123.1 million, despite slower equipment sales. The company's franchise and subscription model remains robust, with 21 new stores opened in Q3, emphasizing the need for international expansion. Concerns about debt persist, with net debt-to-adjusted EBITDA leverage at 4.5X, but the company's increased guidance has triggered a stock rally.

Planet Fitness: Powering To New Highs

The long-expected big news item for market participants this afternoon is the Fed interest rate move.

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While the top- and bottom-line numbers for Planet Fitness (PLNT) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Planet Fitness (PLNT) Q3 Earnings: A Look at Key Metrics

Planet Fitness, Inc. (NYSE:PLNT ) Q3 2024 Earnings Conference Call November 7, 2024 8:00 AM ET Company Participants Stacey Caravella – Vice President-Investor Relations Colleen Keating – Chief Executive Officer Jay Stasz – New Chief Financial Officer Tom Fitzgerald – Chief Financial Officer Conference Call Participants Simeon Siegel – BMO Capital Markets Sharon Zackfia – William Blair Jonathan Komp – Baird Rahul Krotthapalli – JPMorgan Megan Clapp – Morgan Stanley John Heinbockel – Guggenheim Partners Joe Altobello – Raymond James Max Rakhlenko – TD Cowen Randy Konik – Jefferies Operator Thank you for standing by. My name is Kayla, and I will be your conference operator today.

Planet Fitness, Inc. (PLNT) Q3 2024 Earnings Call Transcript

Gym chain boosts its outlook for 2024 revenue growth.

Planet Fitness's stock rises premarket as it beats profit and revenue estimates

Planet Fitness (PLNT) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.59 per share a year ago.

Planet Fitness (PLNT) Surpasses Q3 Earnings and Revenue Estimates

Increases 2024 revenue and Adjusted EBITDA outlook Initiated new $500 million share repurchase program upon $280 million share repurchase completion Appointed Jay Stasz as Chief Financial Officer, effective November 15, 2024 HAMPTON, N.H. , Nov. 7, 2024 /PRNewswire/ -- Today, Planet Fitness, Inc. (NYSE: PLNT) reported financial results for its third quarter ended September 30, 2024.

Planet Fitness, Inc. Announces Third Quarter 2024 Results

Planet Fitness wants to acquire bankrupt budget-fitness chain Blink Holdings, according to court filings viewed by CNBC. Planet Fitness previously lost out in a bankruptcy auction against U.K.-based, privately held fitness chain PureGym.

Planet Fitness enters 11th hour bid for bankrupt Blink Fitness

On Friday, in the closing hour of the deal's 48-hour challenge period, Planet Fitness submitted two competing bids to acquire Blink, a source close to the matter told The Post.

Planet Fitness submits last minute bid to acquire UK fitness chain

Get a deeper insight into the potential performance of Planet Fitness (PLNT) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Planet Fitness (PLNT) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates

Planet Fitness (PLNT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Planet Fitness (PLNT) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release

HAMPTON, N.H. , Oct. 30, 2024 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT) (the "Company") one of the largest and fastest-growing franchisors and operators of fitness centers with more members than any other fitness brand, announced today that it has appointed Jay Stasz as its next Chief Financial Officer (CFO), effective November 15, 2024.

Planet Fitness Appoints Jay Stasz as Chief Financial Officer

HAMPTON, N.H., Oct. 24, 2024 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT) (the "Company"), today announced that the Company will report results for its third quarter ended September 30, 2024, before the market opens on Thursday, November 7, 2024.

PLANET FITNESS, INC. TO REPORT THIRD QUARTER 2024 RESULTS ON NOVEMBER 7, 2024

Planet Fitness (PLNT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Planet Fitness (PLNT) is Poised to Beat Earnings Estimates Again

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Teens logged more than 12 million workouts between June and August at Planet Fitness locations in the US and Canada, kickstarting their fitness journeys and creating long-lasting healthy habits Teens logged more than 12 million workouts between June and August at Planet Fitness locations in the US and Canada, kickstarting their fitness journeys and creating long-lasting healthy habits

Planet Fitness Inspires Nearly 3 Million High School Students to Prioritize Their Health with Annual High School Summer Pass™ Program

Planet Fitness' focus on a high-value, low-price business model, franchise-driven growth and strong brand positioning provides a strong foundation for future growth.

PLNT Stock Rises 14% in 3 Months: Is it Time to Buy or Hold?

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Planet Fitness (PLNT) reported earnings 30 days ago. What's next for the stock?

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