Planet Fitness, Inc. (PLNT) reported fourth-quarter 2023 results, with earnings and revenues beating the Zacks Consensus Estimate. Also, both metrics increased on a year-over-year basis.Following the results, the company’s shares fell 5.3% during trading hours on Feb 22. Negative investor sentiments were witnessed as the company cited concerns about continued macroeconomic uncertainty and a slowing down of sales (owing to a transition towards more strength equipment over cardio). The company anticipates 202 ...

CARMEL, Ind.--(BUSINESS WIRE)--Mayfair Capital Partners (“Mayfair”), a division of Oxford Financial Group, Ltd.™ (“Oxford”), on behalf of its underlying investors, has acquired Baseline Fitness LLC, (“Baseline” or the “Company”). The investment closed on February 2, 2024, and terms were not disclosed. Fredrikson & Byron served as legal counsel for Mayfair. Founded in 2009 and headquartered in Fargo, North Dakota, Baseline Fitness is a leading franchisee in the Planet Fitness system with 100 locations und ...

Planet Fitness, Inc. (NYSE:PLNT) Q4 2023 Earnings Conference Call February 22, 2024 8:00 AM ET Company Participants Stacey Caravella – Vice President-Investor Relations Craig Benson – Interim Chief Executive Officer Tom Fitzgerald – Chief Financial Officer Conference Call Participants Simeon Siegel – BMO Capital Markets Megan Alexander – Morgan Stanley John Heinbockel – Guggenheim Jonathan Komp – Baird Max Rakhlenko – TD Cowen Rahul Krotthapalli – JPMorgan Joe Altobello – Raymond James Sharon Zackfia – Will ...

Planet Fitness (PLNT) reported $285.09 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 1.4%. EPS of $0.60 for the same period compares to $0.53 a year ago.The reported revenue represents a surprise of +0.98% over the Zacks Consensus Estimate of $282.31 million. With the consensus EPS estimate being $0.58, the EPS surprise was +3.45%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to de ...

Planet Fitness (PLNT) came out with quarterly earnings of $0.60 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.53 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.45%. A quarter ago, it was expected that this fitness center operator would post earnings of $0.55 per share when it actually produced earnings of $0.59, delivering a surprise of 7.27%.Over the last four quarters, ...

Shares of Planet Fitness Inc. seesawed around the flatline Thursday, after the fitness-center operator beat fourth-quarter earnings expectations but provided a downbeat growth outlook for this year.The company also said Chief Financial Officer Tom Fitzgerald plans to retire in August after about four years with the company. That means the company is now looking for two top executives, as Craig Benson remains interim chief executive until a permanent CEO is found.The stock PLNT, +0.56% edged up 0.2% ahead of ...

HAMPTON, N.H., Feb. 22, 2024 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT) (the "Company"), today announced that Tom Fitzgerald, Chief Financial Officer, has informed the Company of his intention to retire at the end of August 2024. In connection with this transition, the Company will conduct a comprehensive search to identify a new CFO with the assistance of a leading executive search firm. "On behalf of the Board and everyone at Planet Fitness, I would like to thank Tom for his valued partnership and ...

Planet Fitness, Inc. (PLNT) is scheduled to report fourth-quarter 2023 results on Feb 22, before the opening bell. In the last reported quarter, the company’s earnings and revenues beat the Zacks Consensus Estimate by 7.3% and 3.7%, respectively. Also, both metrics increased on a year-over-year basis.It posted better-than-expected earnings in three of the trailing four quarters and missed on the other one occasion, the average surprise being 7.4%.Q4 EstimatesFor the quarter to be reported, the Zacks Consens ...

Exhibit 99.1 Planet Fitness, Inc. Announces Fourth Quarter and Year-End 2023 Results Full Year system-wide same store sales increase of 8.7% Membership Growth of 1.7 million since the end of 2022 Opened 165 new Planet Fitness stores in 2023 Hampton, NH, February 22, 2024 - Today, Planet Fitness, Inc. (NYSE:PLNT) reported financial results for its fourth quarter and year ended December 31, 2023. "In 2023, we proactively developed the New Growth Model to fuel long-term sustainable store growth and in recognit ...

Analysts on Wall Street project that Planet Fitness (PLNT) will announce quarterly earnings of $0.58 per share in its forthcoming report, representing an increase of 9.4% year over year. Revenues are projected to reach $282.31 million, increasing 0.4% from the same quarter last year.The consensus EPS estimate for the quarter has undergone an upward revision of 0.2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial esti ...