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Planet Fitness(PLNT) - 2021 Q2 - Quarterly Report
2021-08-08 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.) 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, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________to _ ...
Planet Fitness (PLNT) Investor Presentation - Slideshow
2021-06-18 22:25
0 as INVESTOR PRESENTATION June 2020 Disclaimers Forward-looking statements This presentation contains certain forward-looking statements within the meaning of the federal securities laws, which involve risks and uncertainties. Forward-looking statements include the Company's expected store openings, growth potential, future earnings, revenue growth related to future equipment sales, and other statements, approximations, estimates and projections that do not relate solely to historical facts. Forward-lookin ...
Planet Fitness(PLNT) - 2021 Q1 - Earnings Call Transcript
2021-05-07 03:28
Financial Data and Key Metrics Changes - Total revenue for Q1 2021 was $111.9 million, down from $127.2 million in the prior year, primarily due to lower equipment revenue and deferred revenue from store closures [33] - Adjusted EBITDA decreased to $43.7 million from $46.5 million year-over-year, with adjusted net income at $9.1 million, down $0.06 per diluted share [42] - Same-store sales in Q1 were down 14.9%, with franchise down 14.7% and corporate-owned down 18.2%, largely driven by a decline in membership levels [30] Business Line Data and Key Metrics Changes - Franchise segment revenue increased to $64.1 million from $58.5 million, a 9.5% increase, driven by higher royalty revenue [34] - Corporate-owned store segment revenue decreased to $37.9 million from $40.5 million, attributed to lower membership fees and some store closures [38] - Equipment segment revenue decreased by 64.7% to $9.9 million, driven by lower new store equipment and replacement equipment sales [39] Market Data and Key Metrics Changes - Membership grew to 14.1 million by the end of March 2021, up from 13.5 million at the end of 2020, with 14.3 million members by the end of April [10][11] - Usage in the Midwest and South regions is nearly 90% of 2019 levels, while overall usage is trending upward, particularly among Gen Z [14] - The company has nearly all stores open, with approximately 30 clubs still closed in Canada [13] Company Strategy and Development Direction - The company is focusing on a digital strategy, with nearly 50% of members using the Planet Fitness app, and testing a digital-only subscription model [15][16] - Plans to pilot bundled offerings for both Classic and Black Card memberships, aiming to enhance member engagement and retention [17] - The company believes it can capture a larger market share as approximately 17% of U.S. gyms have closed due to COVID-19, with a projected increase to 25% [20] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about long-term growth, citing a shift in consumer focus towards health and wellness post-pandemic [21] - The company anticipates a fitness boom as more Americans prioritize wellness, with a strong belief in their value proposition [20] - Management noted that franchisees are eager to reinvest in their store portfolios and capitalize on industry consolidation opportunities [26] Other Important Information - The company has deepened its partnership with iFIT Health & Fitness by taking a minority stake, enhancing digital content offerings [18] - Franchisees are expected to open 75 to 100 new stores in 2021, with 22 new stores opened in Q1 [26][31] - The company has a strong balance sheet with total cash and cash equivalents of $503.9 million as of March 31, 2021 [43] Q&A Session Summary Question: Impact of California churn on net member growth - Management indicated that the impact from California was minimal due to the small number of stores in that market, and cancellations have normalized [51] Question: Trends among different age cohorts - Management noted that Gen Z is leading in new joins, while older cohorts are starting to return as vaccination rates increase [53] Question: Long-term vision for the business and omni-channel strategy - Management emphasized the importance of providing services outside the gym to enhance member retention and experience [55] Question: Marketing cadence and Teen Summer Challenge - The Teen Summer Challenge has been postponed until next year due to occupancy limitations, while marketing efforts will be adjusted based on seasonality [60] Question: Membership trends in reopened markets - Usage in reopened markets is over 90%, and management expects similar trends as more locations reopen [68] Question: Store openings and franchisee marketing strategies - Franchisees are actively marketing to members of closed gyms, often acquiring member lists to facilitate seamless transitions [81]
Planet Fitness(PLNT) - 2021 Q1 - Quarterly Report
2021-05-06 16:00
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, 2021 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 o ...
Planet Fitness(PLNT) - 2020 Q4 - Annual Report
2021-02-28 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 ☐ 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 Incorporation or Organ ...
Planet Fitness(PLNT) - 2020 Q4 - Earnings Call Transcript
2021-02-19 03:49
Planet Fitness, Inc. (NYSE:PLNT) Q4 2020 Earnings Conference Call February 18, 2021 4:30 PM ET Company Participants Brendon Frey - ICR, IR Chris Rondeau - CEO Tom Fitzgerald - CFO Dorvin Lively - President Conference Call Participants Oliver Chen - Cowen Jonathan Komp - Baird Sharon Zackfia - William Blair Peter Keith - Piper Jaffray Randy Konik - Jefferies Simeon Siegel - BMO John Ivankoe - JP Morgan Paul Golding - Macquarie Joseph Altobello - Raymond James Operator Ladies and gentlemen, thank you for stan ...
Planet Fitness(PLNT) - 2020 Q3 - Earnings Call Transcript
2020-11-06 07:47
Planet Fitness, Inc. (NYSE:PLNT) Q3 2020 Earnings Conference Call November 5, 2020 4:30 PM ET Company Participants Brendon Frey - ICR, IR Chris Rondeau - CEO Tom Fitzgerald - CFO Dorvin Lively - President Conference Call Participants Randy Konik - Jefferies Oliver Chen - Cowen John Heinbockel - Guggenheim Securities Sharon Zackfia - William Blair Jonathan Komp - Baird John Ivankoe - JP Morgan Peter Keith - Piper Sandler Simeon Siegel - BMO Joseph Altobello - Raymond James Alex Maroccia - Berenberg Operator ...
Planet Fitness(PLNT) - 2020 Q2 - Earnings Call Transcript
2020-08-05 04:10
Planet Fitness, Inc. (NYSE:PLNT) Q2 2020 Results Earnings Conference Call August 4, 2020 4:30 PM ET Company Participants Brendon Frey - ICR, Investor Relations Chris Rondeau - Chief Executive Officer Dorvin Lively - President Tom Fitzgerald - Chief Financial Officer Conference Call Participants Jonathan Komp - Baird John Heinbockel - Guggenheim Securities Simeon Siegel - BMO Randy Konik - Jefferies Oliver Chen - Cowen Sharon Zackfia - William Blair John Ivankoe - JPMorgan Joe Altobello - Raymond James Rafe ...
Planet Fitness (PLNT) Investor Presentation - Slideshow
2020-06-25 16:20
0 as INVESTOR PRESENTATION June 2020 Disclaimers Forward-looking statements This presentation contains certain forward-looking statements within the meaning of the federal securities laws, which involve risks and uncertainties. Forward-looking statements include the Company's expected store openings, growth potential, future earnings, revenue growth related to future equipment sales, and other statements, approximations, estimates and projections that do not relate solely to historical facts. Forward-lookin ...
Planet Fitness(PLNT) - 2020 Q1 - Earnings Call Transcript
2020-05-06 03:00
Planet Fitness, Inc. (NYSE:PLNT) Q1 2020 Earnings Conference Call May 5, 2020 4:30 PM ET Company Participants Brendon Frey - Investor Relations, ICR Chris Rondeau - Chief Executive Officer Dorvin Lively - President Tom Fitzgerald - Chief Financial Officer Conference Call Participants Randy Konik - Jefferies John Heinbockel - Guggenheim Joe Altobello - Raymond James Peter Keith - Piper Sandler Oliver Chen - Cowen Jonathan Komp - Baird Sharon Zackfia - William Blair John Ivankoe - JPMorgan Simeon Siegel - BMO ...