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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Peloton continues to deal with troubling issues as it seeks to get onto a sustainable path. With its franchise model and consistent profitability, Planet Fitness is a more sound option.

This Top Fitness Stock Competes With Peloton, but Its Business Model Is Far Superior

LOS ANGELES, CA / ACCESSWIRE / March 22, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Planet Fitness, Inc. ("Planet Fitness" or "the Company") (NYSE:PLNT) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTOR ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Planet Fitness, Inc. and Encourages Investors with Losses to Contact the Firm

One year ago, Anheuser-Busch InBev (NYSE: BUD) – Bud Light when translated into regular English – faced a severe backlash after an ill-conceived marketing campaign featuring Dylan Mulvaney, a trans influencer.

Planet Fitness faces Bud Light-style boycott which may send PLNT shares crashing

Planet Fitness has seen a nearly 8-percent drop in valuation after revoking a woman's membership for taking photos of a biological male in the women's locker room.

Planet Fitness value plummets $400M after transgender turmoil

LOS ANGELES, CA / ACCESSWIRE / March 21, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Planet Fitness, Inc. ("Planet Fitness" or "the Company") (NYSE:PLNT) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

IMPORTANT INVESTOR ALERT: The Schall Law Firm Announces it is Investigating Claims Against Planet Fitness, Inc. and Encourages Investors with Losses to Contact the Firm

Planet Fitness saw the valuation of the company's stock drop this week after an Alaska gym canceled a woman's membership when she photographed a male using the women's locker room.

Planet Fitness stock plummets after woman's membership canceled for taking picture of ‘man in women's locker room shaving'

Planet Fitness Inc (NYSE:PLNT) is drawing bearish attention today, with 8,179 puts exchanged so far -- nine times the intraday average volume -- compared to 3,311 calls.

Options Bears Target Sinking Planet Fitness Stock

Peloton stock has plummeted due to the company's ongoing struggles. Planet Fitness, on the other hand, has bounced back from its pandemic-related disruptions.

Forget Peloton: Is This the Best Fitness Stock to Buy Right Now?

Planet Fitness' (PLNT) fourth-quarter performance reflects an improved cancel rate with increased visits per member and higher visit frequency across all age groups.

Planet Fitness (PLNT) Q4 Earnings & Revenues Beat Estimates

Planet Fitness, Inc. (PLNT) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Planet Fitness (PLNT) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About Planet Fitness (PLNT) Q4 Earnings

Planet Fitness (PLNT) came out with quarterly earnings of $0.60 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.53 per share a year ago.

Planet Fitness (PLNT) Q4 Earnings and Revenues Beat Estimates

Gym chain Planet Fitness reported a strong fourth quarter that overshadowed disappointing guidance. Chief Financial Officer Tom Fitzgerald announced his retirement.

Planet Fitness Stock Is Rising Despite Weak Guidance, Executive Exit

Shares of Planet Fitness Inc. seesawed around the flatline Thursday, after the fitness-center operator beat fourth-quarter earnings expectations but provided a downbeat growth outlook for this year.

Planet Fitness's stock seesaws as company reports earnings beat but mixed outlook

HAMPTON, N.H. , Feb. 22, 2024 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT) (the "Company"), today announced that Tom Fitzgerald, Chief Financial Officer, has informed the Company of his intention to retire at the end of August 2024.

Planet Fitness Chief Financial Officer Tom Fitzgerald to Retire

Full Year system-wide same store sales increase of 8.7% Membership Growth of  1.7 million since the end of 2022 Opened 165 new Planet Fitness stores in 2023 HAMPTON, N.H. , Feb. 22, 2024 /PRNewswire/ -- Today, Planet Fitness, Inc. (NYSE:PLNT) reported financial results for its fourth quarter and year ended December 31, 2023.

Planet Fitness, Inc. Announces Fourth Quarter and Year-End 2023 Results

Planet Fitness' (PLNT) fourth-quarter 2023 performance is likely to reflect benefits from the rise in membership sign-ups, strategic partnerships and international expansion.

What's in the Offing for Planet Fitness' (PLNT) Q4 Earnings?

Planet Fitness said in a regulatory filing that Rondeau's resignation is believed to be because of various disagreements since he stepped down from the top job in September.

Planet Fitness Former CEO Rondeau Resigns From Board After Layoffs

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Beyond analysts' top -and-bottom-line estimates for Planet Fitness (PLNT), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2023.

Ahead of Planet Fitness (PLNT) Q4 Earnings: Get Ready With Wall Street Estimates for Key Metrics

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) Reports Next Week: Wall Street Expects Earnings Growth

HAMPTON, N.H. , Feb. 8, 2024 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT) (the "Company"), today announced that the Company will report results for its fourth quarter ended December 31, 2023, before the market opens on Thursday, February 22, 2024.

PLANET FITNESS, INC. TO REPORT FOURTH QUARTER 2023 RESULTS ON FEBRUARY 22, 2024

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Planet Fitness (PLNT) presents a summary of crucial operational metrics at 2023-end.

News for Planet Fitness Stock (PLNT)