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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Earnings data Q4 2024

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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A Planet Fitness (NYSE: PLNT ) price increase will result in some members having to pay more if they want to work out at the gym and fitness company's locations. This has Planet Fitness increasing the price of its Classic membership from $10 per month to $15 per month.

Planet Fitness Price Increase: Goodbye $10 Membership Plans

Planet Fitness' (PLNT) first-quarter 2024 results gain from an increase in Franchise sales. However, shifting consumer priorities toward saving money, concerns about COVID-19 infections and other illnesses hurt.

Planet Fitness (PLNT) Q1 Earnings Beat, '24 Outlook Trimmed

Planet Fitness' classic gym membership will get $5 more expensive come summertime. The fitness chain is raising its classic membership to $15 a month for new members.

Planet Fitness to increase membership fee for first time in nearly 30 years

Planet Fitness is hiking the price of its Classic Card membership plan by 50% to $15 a month. It had held the price at $10 for 26 years, which would be worth around $19 in today's money.

Planet Fitness is ditching the $10 membership it has had for 26 years, and hiking basic prices by 50%

Gym outlet Planet Fitness Inc. (NYSE: PLNT) posted strong numbers for the most recently reported quarter.

Good News as Planet Fitness Raises Prices

Classic card membership will be priced at $15 per month for new members, up from $10 per month, starting this summer.

Planet Fitness is raising prices even as it warns customers are growing cost-conscious

Planet Fitness, Inc. (NYSE:PLNT ) Q1 2024 Earnings Conference Call May 9, 2024 8:00 AM ET Company Participants Stacey Caravella - Vice President-Investor Relations Craig Benson - Interim Chief Executive Officer Thomas Fitzgerald - Chief Financial Officer Conference Call Participants Simeon Siegel - BMO Capital Markets Christopher O'Cull - Stifel John Heinbockel - Guggenheim Partners Megan Alexander - Morgan Stanley Rahul Krotthapalli - JPMorgan Sharon Zackfia - William Blair Joseph Altobello - Raymond James Maksim Rakhlenko - TD Cowen Korinne Wolfmeyer - Piper Sandler Operator Thank you for standing by. My name is Krista, and I will be your conference operator today.

Planet Fitness, Inc. (PLNT) Q1 2024 Earnings Call Transcript

Although the revenue and EPS for Planet Fitness (PLNT) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Planet Fitness (PLNT) Q1 Earnings: A Look at Key Metrics

Planet Fitness (PLNT) came out with quarterly earnings of $0.53 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.41 per share a year ago.

Planet Fitness (PLNT) Tops Q1 Earnings Estimates

Planet Fitness Inc.'s stock PLNT, -0.27% fell 9% early Thursday, .after the operator of fitness centers lowered its full-year guidance to reflect a more cautious consumer. Hampton, New Hampshire-based Planet Fitness had net income of $34.3 million, or 39 cents a share, for the first quarter, after income of $22.7 million, or 27 cents a share, in the year-earlier period.

Planet Fitness' stock slides 9% after

System-wide same store sales increased 6.2% Ended first quarter with total membership of approximately 19.6 million $20.0 million in shares repurchased in first quarter Updates 2024 outlook HAMPTON, N.H. , May 9, 2024 /PRNewswire/ -- Today, Planet Fitness, Inc. (NYSE: PLNT) reported financial results for its first quarter ended March 31, 2024.

Planet Fitness, Inc. Announces First Quarter 2024 Results

Evaluate the expected performance of Planet Fitness (PLNT) for the quarter ended March 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Curious about Planet Fitness (PLNT) Q1 Performance? Explore 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) Earnings Expected to Grow: What to Know Ahead of Q1 Release

HAMPTON, N.H. , April 25, 2024 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT) (the "Company"), today announced that the Company will report results for its first quarter ended March 31, 2024, before the market opens on Thursday, May 9, 2024.

PLANET FITNESS, INC. TO REPORT FIRST QUARTER 2024 RESULTS ON MAY 9, 2024

The leadership team of Planet Fitness thinks the business can double the number of gyms under its brand. Its franchise model, brand recognition, and scale are among its competitive strengths.

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Colleen Keating, who has served as chief executive at rental service FirstKey Homes since 2020, will assume the CEO title officially on June 10.

New CEO of Planet Fitness required ‘unconscious bias training, hiring through DEI lens' at previous job

Planet Fitness on Tuesday named Colleen Keating as its new CEO, replacing interim chief executive Craig Benson. She previously served as CEO of FirstKey Homes.

Planet Fitness names Colleen Keating as new CEO

Planet Fitness has appointed a new CEO effective June 10 after a months-long search for new leadership.

Planet Fitness shares fall as company announces new CEO, though analyst sees upside

The fitness center franchiser and operator said Keating succeeds Craig Benson, who was serving as chief executive on an interim basis.

Planet Fitness Taps Colleen Keating as New CEO

Craig Benson to Remain on Planet Fitness Board of Directors HAMPTON, N.H. , April 16, 2024 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT) (the "Company"), today announced that it has appointed Colleen Keating as the Company's Chief Executive Officer, effective June 10, 2024.

Planet Fitness Names Colleen Keating Chief Executive Officer

LOS ANGELES, CA / ACCESSWIRE / April 11, 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.

INVESTIGATION 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 (NYSE: PLNT) stock price has underperformed the market this year as the popularity of weight loss drugs increased. It has crashed by 16.5% in the past 12 months and by 10.7% this year.

Analysts love Planet Fitness (PLNT) stock despite boycott risks

LOS ANGELES, CA / ACCESSWIRE / April 4, 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.

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

LOS ANGELES, CA / ACCESSWIRE / April 3, 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.

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

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