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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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.

This Planet Fitness Analyst Turns Bullish; Here Are Top 5 Upgrades For Monday

HAMPTON, N.H., June 13, 2024 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT) (the "Company") today announced that it has entered into a $280 million accelerated share repurchase agreement (the "ASR Agreement") with Citibank, N.A.

Planet Fitness, Inc. Announces $280 Million Accelerated Share Repurchase Program

HAMPTON, N.H. , June 12, 2024 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT) (together with its subsidiaries, the "Company") today announced that it has completed its previously announced refinancing transaction.

Planet Fitness, Inc. Completes Refinancing Transaction

Planet Fitness (PLNT) shares rose in intraday trading Monday following an upgrade from Jefferies, which was optimistic about new leadership and the potential gain in the number of franchises for the gym operator.

Planet Fitness Rises as Jefferies Says 'Stars Have Aligned' for Stock

Jefferies analysts upgrade the gym stock to Buy from Hold and boost their price target to $100 from $62.

Planet Fitness Stock Runs Higher. Three Reasons It's a Buy.

HAMPTON, N.H. , June 7, 2024 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT) (together with its subsidiaries, the "Company") today announced that it has priced $800 million of Series 2024-1 Class A-2 Fixed Rate Senior Secured Notes (the "Class A-2 Notes"), which consist of two tranches: the Class A-2-I Senior Secured Notes with an anticipated repayment term of five years, with an aggregate principal amount of $425 million and a fixed interest rate of 5.765% per annum, payable quarterly, and the Class A-2-II Senior Secured Notes with an anticipated repayment term of ten years, with an aggregate principal amount of $375 million and a fixed interest rate of 6.237% per annum, payable quarterly.

Planet Fitness Prices $800 Million Securitized Financing Facility

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While I tend to prefer writing about the market in the third person, the topic of fitness and the business world around it is a personal matter to me. After all, the fitness market, unlike technology or defense, relies on us, the average person, to remain relevant.

3 Sorry Fitness Stocks to Sell While You Still Can

CAMP HILL, Pa., June 04, 2024 (GLOBE NEWSWIRE) -- National Fitness Partners (NFP), a leading Planet Fitness franchise division, kicked off its first fundraising campaign to benefit St. Jude Children's Research Hospital, which will run through June 30. Additional franchise groups, including Taymax, Davis-NEOFitness and TG3E, will also participate in the fundraising campaign.

Planet Fitness Franchise Groups Launch Fundraising Campaign for St. Jude Children's Research Hospital

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to two classes of notes from Planet Fitness Master Issuer LLC, Series 2024-1 (Planet Fitness 2024-1 or Series 2024-1 Notes), a whole business securitization (WBS). In conjunction with the issuance of the Series 2024-1, Class A-2-I Notes and Series 2024-1, Class A-2-II Notes (the Series 2024-1 Notes), KBRA expects to affirm the ratings on the Master Issuer's outstanding Series 2019-1, Class A-2, Series 2022-1, Class A-1, Series 2022-1,.

KBRA Assigns Preliminary Ratings to Planet Fitness Master Issuer LLC, Series 2024-1

HAMPTON, N.H., May 29, 2024 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT) (together with its subsidiaries, the "Company") today announced that certain of its subsidiaries intend to complete a refinancing transaction, which will include the issuance of a new series of securitized debt under their existing securitized financing facility and repayment of their existing Series 2018-1 Class A-2-II Notes.

Planet Fitness, Inc. Announces Proposed Refinancing Transaction

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Taking care of our health and overall wellness has clearly become increasingly prioritized in today's society. For this reason, fitness stocks could offer promising returns riding this flourishing trend.

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Planet Fitness (PLNT) focuses on strategic pricing adjustments to drive membership growth. However, a lack of effective advertising campaigns is a concern.

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

New study finds that ninety per cent of Canadian teens believe physical activity can positively impact their lives and boost mental health 1

Planet Fitness' High School Summer Pass™ Returns; Teens Work Out Free June 1 – August 31

Rahul Krotthapalli upgraded shares of Planet Fitness to Overweight from Neutral.

Planet Fitness Stock Has Faltered. Why This Is a Good Time to Buy Shares, One Analyst Says.

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.

News for Planet Fitness Stock (PLNT)