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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The fitness chain says it has appointed Craig Benson as interim chief executive officer, effective immediately.

Planet Fitness Stock Sinks on CEO Departure

Planet Fitness Inc. PLNT, +1.56% announced a leadership transition on Friday, naming board member Craig R. Benson as interim CEO.

Planet Fitness names board member Craig Benson as interim CEO, as part of transition plan

Craig Benson Appointed Interim Chief Executive Officer, Effective Immediately HAMPTON, N.H. , Sept. 15, 2023 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT) (the "Company"), today announced that Craig R.

Planet Fitness Announces Leadership Transition

Planet Fitness achieved strong sales and membership growth in 2Q23, with improved performance in EBITDA and EPS. However, PLNT is facing challenges due to limited retail space availability, potentially hindering store openings and impacting profitability. The extended timeline for opening stores and uncertainties may further hinder PLNT's expansion efforts and reaching long-term targets.

Planet Fitness: Facing Challenges Amid Strong Performance

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Teens Logged 14.5 Million Workouts at Planet Fitness from May through August in Third Iteration of Summer Program Teens Logged 14.5 Million Workouts at Planet Fitness from May through August in Third Iteration of Summer Program

More Than 3 Million High School Students Signed Up for Planet Fitness' ‘High School Summer Pass™' Program and Put Fitness First This Summer

HAMPTON, N.H. , Aug. 30, 2023 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT) (the "Company"), today announced that management will be participating in the following upcoming investor conferences.

PLANET FITNESS, INC. ANNOUNCES PARTICIPATION IN UPCOMING INVESTOR CONFERENCES

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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 June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Planet Fitness (PLNT) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates (Revised)

Planet Fitness' (PLNT) second-quarter 2023 results reflect impressive performance of all its segments backed by system-wide same-store sales growth. However, increased operating expenses ail.

Planet Fitness (PLNT) Q2 Earnings & Revenues Top, View Updated

Planet Fitness, Inc. (NYSE:PLNT ) Q2 2023 Earnings Conference Call August 3, 2023 8:00 AM ET Company Participants Stacey Caravella – Vice President-Investor Relations Chris Rondeau – Chief Executive Officer Tom Fitzgerald – Chief Financial Officer Conference Call Participants John Heinbockel – Guggenheim Partners Randy Konik – Jefferies Simeon Siegel – BMO Capital Markets Sharon Zackfia – William Blair Jonathan Komp – Baird Martin Mitela – Raymond James Rahul Krotthapalli – JP Morgan Chris O'Cull – Stifel Operator Ladies and gentlemen, thank you for standing by. And welcome to the Planet Fitness Q2 Quarterly Earnings Call.

Planet Fitness, Inc. (PLNT) Q2 2023 Earnings Call Transcript

Planet Fitness (PLNT) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Planet Fitness (PLNT) came out with quarterly earnings of $0.65 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.38 per share a year ago.

Planet Fitness (PLNT) Beats Q2 Earnings and Revenue Estimates

Planet Fitness Inc.'s stock PLNT, -1.68% fell 3.9% premarket Thursday, after the gym operator topped second-quarter earnings estimates but lowered its full-year guidance amid higher costs. The company had net income of $41.1 million, or 48 cents a share, for the quarter, up from $22.3 million, or 26 cents a share, in the year-earlier period.

Planet Fitness stock slides premarket after better-than-expected earnings offset by lowered guidance

System-wide same store sales increased 8.7% Ended second quarter with total membership of more than 18.4 million Updates 2023 outlook including growth targets $100  million in shares repurchased in the second quarter HAMPTON, N.H. , Aug. 3, 2023 /PRNewswire/ -- Today, Planet Fitness, Inc. (NYSE:PLNT) reported financial results for its second quarter ended June 30, 2023.

Planet Fitness, Inc. Announces Second Quarter 2023 Results

At scale, Planet Fitness has several competitive moats: low pricing, recognizable brand awareness, and size advantages. Virtuous cycle is held together by attracting the best investors and operators and successfully converting younger generation, Gen Z members. Store unit growth and gym utilization trends suggest accelerating growth.

Planet Fitness: $10 Membership Pricing Is A Moat

The recent acquisition has significantly changed Planet Fitness's business structure, leading to a market revaluation. The company's structural changes are temporary, but the outlook for the company's competitiveness and growth opportunities remains positive. I believe that the current share price of PLNT is an appropriate level to invest in considering the risks and opportunities.

Planet Fitness: The King Of An Asset-Light Business

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HAMPTON, N.H. , July 20, 2023 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT) (the "Company"), today announced that the Company will report results for its second quarter ended June 30, 2023, before the market opens on Thursday, August 3, 2023.

PLANET FITNESS, INC. TO REPORT SECOND QUARTER 2023 RESULTS ON AUGUST 3, 2023

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The country's largest publicly traded gym chain Planet Fitness Inc. NASDAQ: PLNT stock, has been slowly fading in a weekly descending price channel despite growing its membership to all-time highs of 18.1 million. While the pace of growth is slowing from 66% in Q1 2022 to 19% in Q1 2023, membership, gyms and revenues are still growing.

Can Planet Fitness Stock Regain its Pump?

Planet Fitness (PLNT) is hurt by inflation concerns. However, solid performances and digitization bode well.

Planet Fitness (PLNT) Dips 14% in 6 Months: Can It Revive?

Stifel analysts said Wednesday they are confident about their buy rating on Planet Fitness Inc.'s stock PLNT after hosting senior management for meetings that discussed the company's three-year development targets, membership trends, new unit economics and click-to-cancel implications. The latter is currently being tested in Tennessee, where a December law allows anyone with a subscription to click and cancel it, irrespective of when or how they signed up.

Planet Fitness management unfazed by Tennessee's click-and-cancel law, say Stifel analysts in bullish note

Planet Fitness' (PLNT) solid focus on the digital platform bodes well. However, inflationary pressures are concerning.

Planet Fitness (PLNT) Unveils 3-Year Revenue, AEPS Target

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NEW YORK , June 2, 2023 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Tuesday, June 20, to coincide with the quarterly rebalance. The U.S. equity markets will be closed on Monday, June 19 in observance of the Juneteenth holiday.

News for Planet Fitness Stock (PLNT)