PLNT Stock Recent News

PLNT's fourth-quarter top line reflects benefits from new club openings and higher royalty revenues.

HAMPTON, N.H. , Feb. 26, 2025 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT) (the "Company"), today announced that the Company is participating in an upcoming investor conference.

Planet Fitness Q4 revenues rose 19.4% to $340.5 million, driven by higher membership fees, new equipment sales, and franchise fees. Adjusted EBITDA increased to $130.8 million, with net income up to $47.6 million, beating earnings estimates by $0.08 per share. Despite strong performance, guidance for 2025 was light, with 160-170 new clubs and 5-6% same-store sales growth, lower than historical rates.

Shares of Planet Fitness (PLNT) sank on Tuesday as some of the gym chain's projections for 2025 outweighed an estimate-topping fourth quarter.

The last five days of trading on the major indexes overall look like stair steps heading down to the basement. It's been a quite orderly pullback from all-time highs we saw in the early weeks of the year so far.

Planet Fitness Inc. (NYSE:PLNT ) Q4 2024 Earnings Conference Call February 25, 2025 8:00 AM ET Company Participants Colleen Keating - Chief Executive Officer Jay Stasz - Chief Financial Officer Stacey Caravella - Vice President, Investor Relations Conference Call Participants Simeon Siegel - BMO Capital Markets Randal Konik - Jefferies Sharon Zackfia - William Blair Joe Altobello - Raymond James Rahul Krotthapalli - JP Morgan John Heinbockel - Guggenheim Partners Max Rakhlenko - TD Cowen Jonathan Komp - Baird Megan Clapp - Morgan Stanley Korinne Wolfmeyer - Piper Sandler Alex Perry - Bank of America Unknown Analyst - BNP Paribas Operator Thank you for standing by. My name is Karen and I will be your conference Operator today.

The headline numbers for Planet Fitness (PLNT) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Planet Fitness (PLNT) came out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.60 per share a year ago.

Planet Fitness' stock falls as the full-year earnings growth outlook disappoints.

Full-year system-wide same club sales increase of 5.0% Net membership growth of 1 million since the end of 2023 Opened 150 new Planet Fitness clubs in 2024 HAMPTON, N.H. , Feb. 25, 2025 /PRNewswire/ -- Today, Planet Fitness, Inc. (NYSE: PLNT) reported financial results for its fourth quarter and year ended December 31, 2024.