Planet Fitness(PLNT)

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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 ...
Planet Fitness(PLNT) - 2019 Q4 - Annual Report
2020-02-28 21:19
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, 2019 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 Incorporation or Or ...
Planet Fitness(PLNT) - 2019 Q4 - Earnings Call Transcript
2020-02-26 04:39
Planet Fitness, Inc. (NYSE:PLNT) Q4 2019 Earnings Conference Call February 25, 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 John Heinbockel - Guggenheim Securities Randal Konik - Jefferies LLC Jonathan Komp - Baird Sharon Zackfia - William Blair Peter Keith - Piper Jaffray John Ivankoe - JPMorgan Rafe Jadrosich - Bank of America Merrill Lynch ...
Planet Fitness(PLNT) - 2019 Q3 - Earnings Call Transcript
2019-11-08 04:41
Planet Fitness, Inc. (NYSE:PLNT) Q3 2019 Results Earnings Conference Call November 7, 2019 4:30 PM ET Company Participants Brendon Frey - Investor Relations, ICR Chris Rondeau - Chief Executive Officer Dorvin Lively - President and Chief Financial Officer Conference Call Participants Jonathan Komp - Baird Sharon Zackfia - William Blair John Heinbockel - Guggenheim Securities Peter Keith - Piper Jaffray John Ivankoe - JPMorgan Rafe Jadrosich - Bank of America Merrill Lynch Joe Altobello - Raymond James Opera ...
Planet Fitness(PLNT) - 2019 Q2 - Earnings Call Transcript
2019-08-07 03:59
Financial Data and Key Metrics Changes - Planet Fitness reported total revenue of $181.7 million for Q2 2019, a 29.3% increase from $140.6 million in the prior year period [17] - Adjusted earnings per share (EPS) increased by 32.4% to $0.45 compared to $0.34 in the prior year [7][28] - Net income attributable to Planet Fitness Inc was $34.8 million, or $0.41 per diluted share, compared to $25.9 million, or $0.29 per diluted share in the prior year [27] Business Line Data and Key Metrics Changes - Franchisee same store sales increased by 9%, while corporate store same store sales increased by 5.8% [18] - Franchise segment revenue rose to $71.8 million, a 23.5% increase from $58.2 million in the prior year [19] - Equipment segment revenue increased by 45.7% to $70.2 million, driven by higher replacement equipment sales [23] Market Data and Key Metrics Changes - The company added approximately 400,000 net new members in Q2, ending the period with over 14 million members, a 16% increase year-over-year [8] - The Black Card penetration increased by 100 basis points to 61.5% compared to the previous year [18] Company Strategy and Development Direction - Planet Fitness plans to open 250 to 260 new stores in 2019, up from a previous estimate of approximately 225 [14] - The company is focusing on enhancing its technology initiatives, including the launch of a mobile app to improve member experience [12] - The partnership with Kohl's aims to open five new Planet Fitness stores adjacent to existing Kohl's locations by the end of 2019 [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the brand's growth, citing strong franchisee commitment and market opportunities [39] - The company anticipates a moderate decline in same store sales growth in the second half of the year, projecting approximately 8% for the full year [34][85] - Management noted that attrition rates have slightly improved, indicating stability in membership retention [99] Other Important Information - The company reported a significant increase in cash and cash equivalents, reaching $330.5 million, up 123.7% from the previous year [33] - Adjusted EBITDA increased by 31.1% to $76.5 million from $58.4 million in the prior period [30] Q&A Session Summary Question: Shift in unit growth strategy - Management indicated that the sophistication of franchisees and increased resources have allowed for more openings, suggesting a potential shift in growth strategy [38][40] Question: Balance between franchisee markets and cannibalization - Management acknowledged that more openings could lead to some cannibalization but emphasized that analytics show this can be beneficial for overall membership growth [42][43] Question: Online vs. in-store signups - Currently, about 30% of memberships are signed up online, an increase from 25% in the past year [76][77] Question: Equipment revenue expectations - Management expects equipment revenue to be slightly down in Q4 compared to the previous year, with 60% of equipment revenue coming from replacement sales [70][71] Question: Competitive landscape and churn rates - Management reported no significant changes in churn rates, maintaining that attrition has slightly improved [99] Question: Capital allocation and share repurchase plans - The company has approximately $150 million remaining under its $500 million share repurchase plan and continues to focus on returning cash to shareholders [81]
Planet Fitness(PLNT) - 2019 Q1 - Earnings Call Transcript
2019-05-02 22:45
Planet Fitness, Inc. (NYSE:PLNT) Q1 2019 Earnings Conference Call May 2, 2019 4:30 PM ET Company Participants Brendon Frey - ICR Chris Rondeau - CEO Dorvin Lively - President and CFO Conference Call Participants Oliver Chen - Cowen and Company John Heinbockel - Guggenheim Securities Jonathan Komp - Robert W. Baird Jag Rosic - Bank of America Merrill Lynch Brandon Sonnemaker - JPMorgan Brennan Matthews - Berenberg Operator My name is Christine, and I'll be your conference operator today. At this time, I woul ...
Planet Fitness(PLNT) - 2018 Q4 - Annual Report
2019-03-01 22:11
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 OR o 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 Or ...