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PLNT is faring well compared to its peers in an uncertain market scenario. Know the factors that are shaping the stock's performance amid adversities.
I upgrade my rating for Planet Fitness to a strong buy due to a brighter earnings growth outlook and solid demand fundamentals. Key drivers include increased membership, pricing power, improved franchisee returns, and international expansion, particularly in Europe. Despite potential near-term volatility, I believe PLNT's long-term growth prospects and earnings outlook are significantly stronger.
Planet Fitness (PLNT) reported earnings 30 days ago. What's next for the stock?
I'm upgrading Planet Fitness to a neutral rating after a sharp acceleration in revenue as well as same-club sales in Q4. The company plans to open 160-170 new gyms in FY25, up from 150 in FY24, alongside 5-6% same-club sales growth. Strong same-club sales growth has been driven by recent price increases and upsells to the higher-tier Black Card membership, thanks to a shrinking price gap between the two tiers.
In the last year, the S&P 500 has climbed 17%. That's a better-than-average gain, historically.
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.