Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Planet Fitness (PLNT) , which belongs to the Zacks Leisure and Recreation Services industry.This fitness center operator has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 13.82%.For the most recent quarter, Planet Fitness was expected to post earnings o ...

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Planet Fitness, Inc. (PLNT) presented a summary of crucial operational metrics at the end of 2023. Following the announcement, the company’s shares gained 1.7% on Jan 8.As of Dec 31, 2023, Planet Fitness witnessed growth in its membership, reaching around 18.7 million members. This marked an increase of 1.7 million members since the close of 2022. It also reported an 8.7% rise in system-wide same-store sales for the entire year.Furthermore, in 2023, it introduced equipment in 135 new franchised locations an ...

Membership Growth of 1.7 Million since Year End of 2022 Full Year System-Wide Same Store Sales Increase of 8.7% 165 New Planet Fitness StoresEquipment placed in 135 new franchised locations Company to discuss operating metrics in fireside chat at the ICR Conference on Tuesday, January 9, 2024 HAMPTON, N.H., Jan. 8, 2024 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT), one of the largest and fastest-growing franchisors and operators of fitness centers with more members than any other fitness brand, today p ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.It also includes access to the Zacks Style Scores.What are the Zacks Style Scores?The Zacks Style S ...

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 September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________to ______________ Commission file number: 001-37534 PLANET FITNESS, INC. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdicti ...

Planet Fitness, Inc. (NYSE:PLNT) Q3 2023 Results Conference Call November 7, 2023 8:00 AM ET Company Participants Stacey Caravella - Vice President of Investor Relations Craig Benson - Interim Chief Executive Officer Thomas Fitzgerald - Chief Financial Officer Conference Call Participants Randal Konik - Jefferies Simeon Siegel - BMO Capital Markets Equity Joseph Altobello - Raymond James & Associates John Heinbockel - Guggenheim Securities Rahul Krotthapalli - JPMorgan Chase Christopher O’Cull - Stifel, Nic ...

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 June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________to ______________ Commission file number: 001-37534 PLANET FITNESS, INC. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of ...

Planet Fitness, Inc. (NYSE:PLNT) Q2 2023 Earnings Conference Call August 3, 2023 8:00 AM ET Company Participants Stacey Caravella – Vice President-Investor Relations Chris Rondeau – Chief Executive Officer Tom Fitzgerald – Chief Financial Officer Conference Call Participants John Heinbockel – Guggenheim Partners Randy Konik – Jefferies Simeon Siegel – BMO Capital Markets Sharon Zackfia – William Blair Jonathan Komp – Baird Martin Mitela – Raymond James Rahul Krotthapalli – JP Morgan Chris O'Cull – Stifel Op ...

Membership and Store Growth - As of March 31, 2023, Planet Fitness had over 18.1 million members and 2,446 stores across various regions, including the U.S., Canada, and Australia[128] - The company opened 36 new stores during the three months ended March 31, 2023, compared to 37 new stores in the same period of 2022[135] - Planet Fitness had commitments to open more than 1,000 new stores under existing agreements, indicating strong future growth potential[128] - The number of franchisee-owned stores increased to 2,211 as of March 31, 2023, from 2,062 a year earlier, demonstrating effective expansion strategies[135] Financial Performance - Total revenue for the three months ended March 31, 2023, was $222.2 million, a 19.0% increase from $186.7 million in the same period of 2022[130] - Net income for the three months ended March 31, 2023, was $24,769,000, compared to $18,376,000 for the same period in 2022, representing a year-over-year increase of 35.0%[149] - Adjusted net income for the three months ended March 31, 2023, was $36,391,000, compared to $28,548,000 in the prior year, indicating a 27.5% increase[149] - Net income attributable to Planet Fitness, Inc. was $22.7 million, an increase from $16.5 million in the prior year, reflecting a net income margin of 10.4%[158] Revenue Breakdown - Franchise revenue increased to $75.9 million, up $9.8 million or 14.8% from $66.1 million in the prior year, driven by a same-store sales increase of 9.7%[160] - Revenue from corporate-owned stores rose to $105.9 million, a 39.0% increase from $76.2 million, with $23.5 million attributed to the acquisition of 114 stores[162] - Equipment segment revenue decreased to $23.7 million, down $6.8 million or 22.3% due to lower equipment sales to new franchisee-owned stores[163] EBITDA and Operational Efficiency - Segment EBITDA for the Franchise segment was $64.7 million, up from $60.1 million year-over-year, while Corporate-owned stores segment EBITDA increased to $33.5 million from $23.4 million[130] - EBITDA for the three months ended March 31, 2023, was $88.0 million, an increase from $78.2 million in the same period of 2022, highlighting improved operational efficiency[130] - Adjusted EBITDA for Q1 2023 was $90,211,000, up from $76,687,000 in Q1 2022, reflecting a growth of 17.6%[149] Cash Flow and Capital Expenditures - For the three months ended March 31, 2023, net cash provided by operating activities was $97.9 million, an increase of $39.9 million compared to $58.0 million in the same period of 2022[183] - Net cash used in investing activities decreased to $23.0 million from $449.7 million in the prior year, primarily due to a $425.8 million cash outflow for the Sunshine Acquisition in the previous period[184] - Total capital expenditures for the three months ended March 31, 2023, were $22.997 million, slightly down from $23.872 million in the same period of 2022[184] Legal and Financial Liabilities - The company recorded a legal liability increase of $3,300,000 related to a settlement agreement, bringing the total estimated liability to $11,850,000 as of March 31, 2023[147] - Interest expense for Q1 2023 was $21,599,000, slightly down from $22,631,000 in Q1 2022, showing a decrease of 4.6%[149] - The provision for income taxes was $9,567,000 in Q1 2023, compared to $11,711,000 in Q1 2022, representing a decrease of 18.3%[149] Market and Economic Conditions - Future operating performance and ability to service debt will be influenced by economic conditions and various uncontrollable factors[180] - The company is exposed to foreign exchange fluctuations, particularly with the Canadian dollar, Mexican peso, and Australian dollar, but a 10% change in exchange rates would have a negligible impact on net income[192]