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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TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including Planet Fitness and Ross Stores.

Top Wall Street analysts are bullish on the potential of these 3 stocks

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

Why Is Planet Fitness (PLNT) Up 4.3% Since Last Earnings Report?

Investors are well aware of Peloton's ongoing challenges. There's a growing and profitable fitness center chain that operates a proven business model.

Forget Peloton: Here's 1 Fitness Stock to Buy in 2024

Baird named Planet Fitness Inc (NYSE:PLNT) a “bullish fresh pick” through the end of the year, and maintained its "overweight" rating on the stock.

Analyst: Planet Fitness Stock Is a 'Bullish Fresh Pick'

Planet Fitness (PLNT) aids from its new growth model, strategic membership pricing, and international expansion efforts. Yet, economic risks and inflation ail.

Here's Why You Should Retain Planet Fitness (PLNT) Stock for Now

Peloton

Peloton and Planet Fitness are expanding their investments in strength over cardio equipment as more women and young people opt for weights at the gym. Planet Fitness changed its gyms up to focus on strength workouts and noted that strength equipment tends to be less expensive.

As strength training gets more popular, Peloton and Planet Fitness shift focus

PLNT showed improvement in revenue and earnings in Q2 2024, beating expectations. I believe the new CEO, Colleen Keating, is a good fit for the business. Potential for growth acceleration in FY25, but a cautious stance is maintained until concrete evidence of growth is seen.

Planet Fitness: Visible Catalysts, But I Am Still Waiting For Growth To Accelerate

While the top- and bottom-line numbers for Planet Fitness (PLNT) give a sense of how the business performed in the quarter ended June 2024, 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: How Key Metrics Compare to Wall Street Estimates

Planet Fitness' (PLNT) second-quarter 2024 results reflect increased contributions from the Franchise and Corporate-owned Stores segments, indicating increased system-wide same-store sales.

Planet Fitness (PLNT) Q2 Earnings & Revenues Top Estimates

Planet Fitness, Inc. (NYSE:PLNT ) Q2 2024 Earnings Conference Call August 6, 2024 8:00 AM ET Company Participants Stacey Caravella - Vice President of Investor Relations Colleen Keating - Chief Executive Officer Thomas Fitzgerald - Chief Financial Officer Conference Call Participants Randy Konik - Jefferies Simeon Siegel - BMO Capital Markets Sharon Zackfia - William Blair Jonathan Komp - Baird Joseph Altobello - Raymond James Christopher O'Cull - Stifel Financial Group Rahul Krotthapalli - JPMorgan Maksim Rakhlenko - TD Cowen Operator Hello and thank you for standing by. This time I would like to welcome you to the Planet Fitness Q2 Earnings Call.

Planet Fitness, Inc. (PLNT) Q2 2024 Earnings Call Transcript

Planet Fitness (NYSE:PLNT) shares surged almost 10% as the gym franchise's second quarter earnings topped estimates. Revenue grew 5.1% year-over-year to $300.9 million, ahead of estimates of $292.4 million.

Planet Fitness pops on Q2 earnings beat

Planet Fitness (PLNT) came out with quarterly earnings of $0.71 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.65 per share a year ago.

Planet Fitness (PLNT) Q2 Earnings and Revenues Top Estimates

Planet Fitness Inc.'s stock PLNT, -0.54% rose in premarket trading Tuesday after the fitness chain topped analyst estimates for adjusted profit and revenue, as its profit climbed 18%. Planet Fitness said its second-quarter net income rose to $48.64 million, or 56 cents a share, from $41.14 million, or 48 cents a share, in the year-ago quarter.

Planet Fitness stock climbs on stronger-than-expected profit

Reiterates 2024 outlook Consummated $800 million refinancing transaction Executed $280 million Accelerated Share Repurchase in second quarter HAMPTON, N.H. , Aug. 6, 2024 /PRNewswire/ --  Today, Planet Fitness, Inc. (NYSE: PLNT) reported financial results for its second quarter ended June 30, 2024.

Planet Fitness, Inc. Announces Second Quarter 2024 Results

CAMP HILL, Pa., Aug. 05, 2024 (GLOBE NEWSWIRE) -- Today, several leading Planet Fitness franchise groups, including National Fitness Partners (NFP), Taymax, TGE3 and Davis-NEOFitness, announced that their month-long campaign to benefit St. Jude Children's Research Hospital raised more than $36,000 to help kids battling cancer. This is the first year that Planet Fitness franchise groups have raised funds to support St. Jude.

Planet Fitness Franchise Groups Raise Over $36,000 for St. Jude Children's Research Hospital

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Planet Fitness (PLNT), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.

Ahead of Planet Fitness (PLNT) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics

Planet Fitness is a differentiated offering in the large-scale gym and leisure space. PLNT boasts a broad network of stores and a significant member base, with ongoing global expansion plans. Despite the fact management has an extensive runway to deploy capital on, the headwind is at what rates it will earn on these investments against opportunities of equal risk.

Planet Fitness: Extensive Runway To Deploy Funds, But At Sub-Par Rates Of Return

Planet Fitness (PLNT) doesn't possess 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) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

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Why Planet Fitness (PLNT) is a Top Momentum Stock for the Long-Term

HAMPTON, N.H., July 23, 2024 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT) (the "Company"), today announced that the Company will report results for its second quarter ended June 30, 2024, before the market opens on Tuesday, August 6, 2024.

PLANET FITNESS, INC. TO REPORT SECOND QUARTER 2024 RESULTS ON AUGUST 6, 2024

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Here's Why Planet Fitness (PLNT) is a Strong Growth Stock

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.

Will Planet Fitness (PLNT) Beat Estimates Again in Its Next Earnings Report?

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Stock Price Predictions: 3 Companies Analysts Just Got More Bullish On

The shares of Planet Fitness Inc (NYSE:PLNT) are up 3.1% before the bell, after TD Cowen upgraded the recreation stock to "buy" from "hold" and raised its price target to $92 from $66.

News for Planet Fitness Stock (PLNT)