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.

Earnings data Q1 2021

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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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Planet Fitness' board of directors asked its CEO Chris Rondeau to step down last week. Shares tumbled nearly 20% following the news.

Planet Fitness's long-time CEO says he was 'blindsided' by abrupt firing that sent gym's stock plummeting — and barred him from talking to staff

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Planet Fitness, Inc. (“Planet Fitness” or the “Company”) (NYSE: PLNT) investors concerning the Company's possible violations of the federal securities laws. If you suffered a loss on your Planet Fitness investments or would like to inquire about potentially pursuing claims to recover your loss under the federal.

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Planet Fitness, Inc. (PLNT) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Planet Fitness, Inc. (“Planet Fitness” or the “Company”) (NYSE: PLNT) on behalf of investors concerning the Company's possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On January 19, 2023, The Bear Cave published a report alleging, among other things, that Planet Fitness overbilled customers and prevented them from cancelling their m.

The Law Offices of Frank R. Cruz Announces Investigation of Planet Fitness, Inc. (PLNT) on Behalf of Investors

Planet Fitness (PLNT) tumbled Tuesday on a slew of Wall Street downgrades.

Why Jim Cramer agrees with a Wall Street firm's downgrade of this gym stock

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Jefferies analysts downgraded shares of fitness chain Planet Fitness to Hold from Buy, and lowered the price target and estimates.

Planet Fitness Loses a Bull With CEO Departure

Shares of Planet Fitness (PLNT) dropped 16%, to their lowest level in more than three years after the gym operator's board unexpectedly fired CEO Chris Rondeau.

Planet Fitness Unexpectedly Fires its CEO, and Shares Plunge

Ousted CEO Chris Rondeau had been at the company over 30 years.

Planet Fitness Stock Hits Lowest Price In Three Years After CEO Is Forced Out

Planet Fitness said on Friday it is replacing chief executive Chris Rondeau replacing him with board member and former New Hampshire Gov. Craig Benson.

Planet Fitness ousts CEO, shares slide

Planet Fitness shares dropped as low as $50.21, their lowest since March 2020, after Chris Rondeau's departure was announced.

Planet Fitness shares tank after CEO Chris Rondeau's surprise exit

Planet Fitness Inc (NYSE: PLNT) just ousted its Chief Executive – a move that came as a surprise for employees and investors alike. Its shares are down close to 20% at writing.

Planet Fitness stock tanks 17% as board ousts CEO

CEO Chris Rondeau has been been with Planet Fitness for more than three decades.

Planet Fitness shares sink 15% after board ousts CEO in shocking move

Planet Fitness (NYSE:PLNT) shares were down on Friday after it announced the ouster of its CEO Chris Rondeau. Board member Craig Benson will take over the position on an interim basis as the company searches for a new CEO, according to a statement from Planet Fitness (NYSE:PLNT).

Planet Fitness ousts longtime CEO Chris Rondeau after share price underperformance

Former CEO Chris Rondeau has unexpectedly left the leadership role. The move was driven by the company's board of directors.

Why Planet Fitness Stock Is Plummeting Today

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.

News for Planet Fitness Stock (PLNT)