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Planet Fitness(PLNT) - 2024 Q1 - Quarterly Report
2024-05-09 20:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.) Delaware 38-3942097 4 Liberty Lane West, Hampton, NH 03842 (Address of Principal Executive Offices and Zip Code) (603) 750-0001 (Registr ...
Planet Fitness is raising prices even as it warns customers are growing cost-conscious
CNBC· 2024-05-09 18:04
People work out at a Planet Fitness in Alexandria, Virginia, U.S., January 8, 2024.Planet Fitness is hiking its base-level membership prices for new customers for the first time since 1998, even as the gym operator warns its customers are growing increasingly cost-conscious.Classic card membership will be priced at $15 per month for new members starting this summer, while current members will continue to pay $10 "for the duration of their membership," Planet Fitness said Thursday alongside its quarterly ear ...
Planet Fitness(PLNT) - 2024 Q1 - Earnings Call Transcript
2024-05-09 17:25
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 ...
Jobless Claims Up, Retail Continues to Soften
Zacks Investment Research· 2024-05-09 15:36
Wednesday, May 8th, 2024Pre-market futures are down a bit again this morning. We appear to be plateauing a bit this week, following a gallant fight back from near-term lows mid-April. But without heavy impacts from major economic reports or marquee names posting earnings, our sailboat is adrift, ebbing slightly lower. The Dow is down -80 points at this hour, the S&P 500 is -4 and the Nasdaq -6 points. The Dow tries to achieve a seventh-straight positive trading session, although with relatively minuscule ga ...
Compared to Estimates, Planet Fitness (PLNT) Q1 Earnings: A Look at Key Metrics
Zacks Investment Research· 2024-05-09 14:36
For the quarter ended March 2024, Planet Fitness (PLNT) reported revenue of $248.02 million, up 11.6% over the same period last year. EPS came in at $0.53, compared to $0.41 in the year-ago quarter.The reported revenue represents a surprise of -0.05% over the Zacks Consensus Estimate of $248.13 million. With the consensus EPS estimate being $0.49, the EPS surprise was +8.16%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stree ...
Planet Fitness (PLNT) Tops Q1 Earnings Estimates
Zacks Investment Research· 2024-05-09 12:40
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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.16%. A quarter ago, it was expected that this fitness center operator would post earnings of $0.58 per share when it actually produced earnings of $0.60, delivering a surprise of 3.45%.Over the last four quarters, ...
Planet Fitness(PLNT) - 2024 Q1 - Quarterly Results
2024-05-09 10:30
Exhibit 99.1 Planet Fitness, Inc. Announces First Quarter 2024 Results 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, NH, May 9, 2024 - Today, Planet Fitness, Inc. (NYSE: PLNT) reported financial results for its first quarter ended March 31, 2024. "Planet Fitness ended the first quarter with approximately 19.6 million members and system-wide same store sales ...
Curious about Planet Fitness (PLNT) Q1 Performance? Explore Wall Street Estimates for Key Metrics
Zacks Investment Research· 2024-05-06 14:22
In its upcoming report, Planet Fitness (PLNT) is predicted by Wall Street analysts to post quarterly earnings of $0.49 per share, reflecting an increase of 19.5% compared to the same period last year. Revenues are forecasted to be $249.36 million, representing a year-over-year increase of 12.2%.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.4% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections ...
Down 37% From Its All-Time High, Is This Growth Stock a Once-in-a-Generation Investment Opportunity?
The Motley Fool· 2024-04-20 17:17
Planet Fitness is growing revenue and posting consistent earnings.Due to the temporary closures of gyms and other public spaces enacted to slow the spread of COVID-19, Planet Fitness (PLNT 0.05%) took a big financial hit during the early stages of the pandemic. But shares eventually recovered before hitting a new peak in November 2021.It's been a difficult ride for shareholders in this profitable and scalable business since then, though. As of April 16, this fitness growth stock is down 37% from that all-ti ...
New CEO of Planet Fitness required ‘unconscious bias training, hiring through DEI lens' at previous job
New York Post· 2024-04-18 20:34
Planet Fitness — which faced backlash for allowing a trans man to shave in the women’s locker room — hired a new boss who had required employees to undergo “unconscious bias training” and supported “hiring through a DEI lens” at her previous company.Colleen Keating, who served as chief executive at rental service FirstKey Homes since 2020, will assume the CEO title at Planet Fitness on June 10, the company announced Tuesday. During Keating’s tenure at the helm of FirstKey, she was a signatory to a document ...