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 (PLNT) delivered earnings and revenue surprises of 7.69% and 2.94%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Planet Fitness (PLNT) Q3 Earnings and Revenues Top Estimates

Planet Fitness posts third-quarter adjusted earnings of 42 cents a share on revenue of $244.4 million.

Planet Fitness Ends Quarter With Record Membership and Raises 2022 Guidance

Planet Fitness Inc. PLNT, -1.58% reported Tuesday third-quarter profit and revenue that rose above expectations, and raised its full-year growth outlook, as membership reached a record with joins back to pre-pandemic seasonal trends. Net income rose to $26.9 million, or 32 cents a share, from $17.4 million, or 21 cents a share, in the year-ago period.

Planet Fitness earnings rise above expectations, as members reached a record and a visiting more frequently

System-wide same store sales increased 8.2% Ends third quarter with total membership of more than 16.6 million Increases revenue, Adjusted EBITDA, and Adjusted net income growth expectations for 2022 Board authorizes new $500 million share repurchase program HAMPTON, N.H. , Nov. 8, 2022 /PRNewswire/ -- Today, Planet Fitness, Inc. (NYSE: PLNT) reported financial results for its third quarter ended September 30, 2022.

Planet Fitness, Inc. Announces Third Quarter 2022 Results

Shares of Planet Fitness Inc. PLNT, +0.09% edged up 0.3% in midday trading Monday, to erase an earlier intraday loss of as much as 2.5%, after Jefferies analyst Randal Konik urged investors to buy, a day before the the gym operator reports third-quarter results. Konik's recommendation comes after at-home and connected fitness company Peloton Interactive Inc. PTON, -2.88% reported last week a sixth-straight wider-than-expected quarterly loss and provided a disappointing outlook for the holiday season.

Planet Fitness stock rises after Jefferies says 'Peloton's pain is Planet's gain'

Tough times for the stationary bike maker could be a sign that people are returning to the gym.

Peloton Has Problems. Why That's Good News for Planet Fitness.

HAMPTON, N.H. , Nov. 3, 2022 /PRNewswire/ -- Today, Planet Fitness, Inc. (NYSE: PLNT) (the "Company"), one of the largest and fastest-growing franchisors and operators of fitness centers with more members than any other fitness brand, announced that Jennifer Simmons, previously Senior Vice President of Business Strategy and Analytics, has been promoted to Division President, Corporate Clubs, and Paul Barber has been appointed Chief Information Officer, effective immediately.

Planet Fitness Promotes Company Veteran Jennifer Simmons to Division President, Corporate Clubs; Names Paul Barber Chief Information Officer

Planet Fitness promotes personal fitness, operating 2250+ franchise pursuit centers and develops, manufactures, and sells equipment worldwide. Institutions hold 106% of shares, insiders less than 1%. Prior price range forecasts at today's reward~risk ratios averaged +86% yearly rate capital gains.

Planet Fitness: Best Nearby Capital Gain Bet Say Market-Makers

HAMPTON, N.H. , Oct. 26, 2022 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT) (the "Company"), announced that it will host an Investor Day for investors and research analysts on Tuesday, November 15th at the New York Stock Exchange in New York City.

PLANET FITNESS, INC. ANNOUNCES UPCOMING INVESTOR DAY ON NOVEMBER 15TH

HAMPTON, N.H. , Oct. 25, 2022 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT) (the "Company"), today announced that the Company will report results for its third quarter ended September 30, 2022, before the market opens on Tuesday, November 8, 2022.

PLANET FITNESS, INC. TO REPORT THIRD QUARTER 2022 RESULTS ON NOVEMBER 8, 2022

Shares of Planet Fitness Inc. PLNT, +1.97% bounced 2.2% in afternoon trading Monday, after the fitness center company was doubled upgraded at Raymond James, citing a "highly resilient" business model and "attractive" valuation. Analyst Joseph Altobello raised his rating by two notches to strong buy from market perform, while setting a price target for the stock (PLNT) of $70, which implied about 23% upside from current levels.

Planet Fitness stock bounces after a double upgrade to 'strong buy' at Raymond James

The shares of Planet Fitness Inc (NYSE:PLNT) are up 5% at $58.69 at last glance, after Raymond James upgraded the stock to "strong buy" from "market perform.

Planet Fitness Stock Rises From Lows on Upgrade

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

Planet Fitness (PLNT) Down 12% Since Last Earnings Report: Can It Rebound?

Wall Street wasn't a fan of this business in August even though there are some positive takeaways for investors.

Why Planet Fitness Stock Was Down 14% in August

Planet Fitness (PLNT) benefits from a rise in membership sign-ups, strategic partnerships and international expansion.

Planet Fitness (PLNT) Benefits From Robust Member Addition

This low-cost gym franchiser and operator just had a record quarter.

Move Over, Peloton: 16.5 Million Reasons to Buy This Fitness Stock Instead

'It's clear that at-home/digital fitness was a fad,' says an analyst at Jefferies.

Put Away the Peloton Bike. Gyms Are 'Back' so Buy Planet Fitness, This Analyst Says.

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These reports, excerpted and edited by Barron's, were issued recently by investment and research firms. The reports are a sampling of analysts' thinking; they should not be considered the views or recommendations of Barron's.

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The business model may easily translate overseas, but the gym company's domestic growth might be enough.

Will International Expansion Mean a Boost for Planet Fitness?

Planet Fitness' (PLNT) second-quarter 2022 performance is aided by the Sunshine Fitness buyout, same-store sales growth and new store openings.

Planet Fitness (PLNT) Q2 Earnings Match Estimates, Revenues Lag

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This article is excerpted from Tom Yeung's Profit & Protection newsletter dated Aug. 9, 2022. To make sure you don't miss any of Tom's picks, subscribe to his mailing list here.

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Financial results were below analyst estimates, but the company is in a healthy place.

Here's Why Planet Fitness Stock Fell Today

Planet Fitness Inc. Chief Executive Chris Rondeau said Tuesday that he believes the lower-priced fitness center franchisor and operator can “thrive” in a high-inflation environment, or even a recession, as people from higher-priced gyms trade down.

Planet Fitness can ‘thrive' during high inflation and a recession, but stock drops as revenue misses

Planet Fitness, Inc. (NYSE:PLNT ) Q2 2022 Results Conference Call August 9, 2022 8:00 AM ET Company Participants Stacey Caravella - VP, IR Chris Rondeau - CEO Tom Fitzgerald - CFO Dorvin Lively - President Conference Call Participants Randy Konik - Jefferies John Heinbockel - Guggenheim Partners Brian Harbour - Morgan Stanley Max Rakhlenko - Cowen & Company Sharon Zackfia - William Blair Jonathan Komp - Baird John Ivankoe - JP Morgan Garrett Klingshirn - BMO Capital Alex Perry - Bank of America Chris O'Cull - Stifel Operator Hello, and welcome to today's Planet Fitness Q2 2022 Quarterly Earnings Call. My name is Jordan, and I'll be coordinating your call today.

Planet Fitness, Inc. (PLNT) CEO Chris Rondeau on Q2 2022 Results - Earnings Call Transcript

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In a December 2021 column, I pointed out that fears of the coronavirus were starting to ease sharply. In light of the latter development and the fact that the pandemic had made many Americans much more aware of the dangers of obesity, I wrote that “fitness stocks, particularly those that cater to exercise outside of the home, should do very well in 2022.

News for Planet Fitness Stock (PLNT)