Membership and Club Growth - As of September 30, 2025, Planet Fitness had approximately 20.7 million members and 2,795 clubs across various countries, with 2,514 being franchised and 281 corporate-owned[115] - The company had contractual commitments to open more than 800 new clubs as of September 30, 2025[115] - The number of new franchisee-owned clubs opened in the three months ended September 30, 2025, was 29, compared to 12 in the same period of 2024[123] Financial Performance - Total revenue for the three months ended September 30, 2025, was $330.3 million, a 13.1% increase from $292.2 million in the same period of 2024[120] - Net income for the three months ended September 30, 2025, was $59,183,000, compared to $42,395,000 for the same period in 2024, representing a year-over-year increase of 39.7%[132] - Total revenue for the nine months ended September 30, 2025, was $947.9 million, an increase of $106.7 million, or 12.7%, compared to $841.2 million for the same period in 2024[158] Revenue Segmentation - Corporate-owned clubs segment revenue for the three months ended September 30, 2025, was $137.8 million, a 7.5% increase from $128.1 million in 2024[120] - Franchise segment revenue increased to $113.7 million, up $11.3 million, or 11.0%, from $102.4 million in the prior year[138] - Equipment segment revenue for the three months ended September 30, 2025, was $78.8 million, up 27.8% from $61.7 million in the same period of 2024[120] Adjusted Metrics - Adjusted EBITDA for the three months ended September 30, 2025, was $140.8 million, up 14.4% from $123.1 million in the same period of 2024[120] - Adjusted net income for the nine months ended September 30, 2025, reached $189,558,000, compared to $164,169,000 in 2024, indicating a year-over-year increase of 15.4%[134] - Adjusted net income per share, diluted, for the three months ended September 30, 2025, was $0.80, compared to $0.64 in 2024, marking a 25% increase[134] Tax and Interest Expenses - The company reported a provision for income taxes of $27,974,000 for the three months ended September 30, 2025, compared to $16,523,000 in 2024, which is an increase of 69.5%[134] - Total interest expense for the nine months ended September 30, 2025, was $78,720,000, compared to $72,569,000 in 2024, reflecting an increase of 8.4%[132] - Interest expense rose to $78.7 million, an increase of $6.2 million, or 8.5%, compared to $72.6 million for the same period in 2024[172] Cash Flow and Capital Expenditures - Net cash provided by operating activities for the nine months ended September 30, 2025, was $309.4 million, an increase from $294.7 million in 2024, driven by $159.6 million of net income and $177.8 million in adjustments[182][183] - Total capital expenditures for the nine months ended September 30, 2025, were $113.6 million, slightly up from $113.0 million in 2024, with new corporate-owned clubs accounting for $47.2 million[185] - Net cash used in financing activities increased to $169.6 million in 2025 from $101.5 million in 2024, an increase of $68.0 million, mainly due to a decrease in net cash provided by long-term debt[186] Compliance and Risk - As of September 30, 2025, the company was in compliance with its debt covenants, with no material changes to the terms of any debt obligations[189] - There were no significant changes to the company's market risk during the three months ended September 30, 2025[192]

Market Overview - U.S. stock index futures indicate a cautiously optimistic start for Wall Street, with major index futures showing gains after a challenging week marked by a tech sell-off and economic uncertainties [1][2] - S&P 500 futures and Nasdaq 100 futures are both up approximately 0.3%, while Dow Jones Industrial Average futures reflect a modest increase of about 0.2% [2] Recent Market Performance - On November 6, 2025, all three major U.S. stock indexes closed sharply lower, with the Dow Jones Industrial Average falling by 0.8%, S&P 500 sliding 1.1%, and Nasdaq Composite tumbling 1.9% [3] - The Nasdaq Composite is down 2.8% for the week, S&P 500 off 1.8%, and Dow Jones down approximately 1.4% [3] Economic Context - The ongoing U.S. government shutdown has lasted 38 days, injecting uncertainty into financial markets and delaying the release of crucial economic data [4] - Investors are monitoring private indicators and upcoming economic announcements closely [4] Federal Reserve Insights - Several Federal Reserve speakers, including Vice Chair Philip Jefferson, are scheduled to deliver remarks, which will be scrutinized for hints regarding monetary policy direction [5] Corporate Developments - Tesla's CEO Elon Musk secured shareholder approval for a proposed $1 trillion compensation package, leading to a 1.6% increase in Tesla's shares in premarket trading [8] - Concerns about a potential bubble in AI and stretched valuations for Big Tech are weighing on investor sentiment [7] Earnings Reports and Stock Movements - Cummins Inc. saw shares climb 5.4% after reporting third-quarter adjusted earnings that surpassed analyst estimates [14] - Planet Fitness Inc. jumped 12.6% following better-than-expected third-quarter adjusted earnings [14] - Robinhood reported a significant 129% increase in transaction revenues, driven by over 300% growth in its crypto business [14] - Notable declines were observed for Nvidia (down 3.7%), Microsoft (down 2%), and Amazon (down 2.9%) [9]

Core Insights - Planet Fitness Inc. shares surged over 10% in intra-day trading following better-than-expected third-quarter results and an increased full-year growth outlook [1] Financial Performance - The company reported adjusted earnings of $0.80 per share, exceeding consensus estimates of $0.73 [1] - Revenue increased by 13% year over year to $330.3 million, surpassing expectations of $323.47 million [1] - System-wide same-store sales rose by 6.9% compared to the prior year [1] Expansion and Shareholder Returns - Planet Fitness opened 35 new locations in the quarter, bringing the total to 2,795 clubs as of September 30 [2] - The company repurchased approximately $100 million worth of its shares during the period [2] Updated Guidance - The company raised its 2025 guidance for system-wide same-store sales growth to approximately 6.5%, up from the previous estimate of 6.0% [2] - Revenue growth is now forecasted at about 11%, compared to a prior projection of 10% [2] - Adjusted EBITDA growth outlook was increased to around 12% from 10% [3] - Adjusted net income is expected to rise by 13% to 14%, up from an earlier estimate of 8% to 9% [3]

Core Insights - Planet Fitness shares increased by 10.3% following the release of strong Q3 2025 results that exceeded Wall Street expectations [1] - The company's revenue grew by 13% year-over-year to $330.3 million, surpassing analyst forecasts [1] - Adjusted earnings reached $0.80 per share, also exceeding estimates, driven by a 6.9% increase in same-store sales [1] Financial Performance - Revenue for Q3 2025 was reported at $330.3 million, reflecting a 13% increase from the previous year [1] - Adjusted earnings per share were $0.80, which was above analyst expectations [1] - Same-store sales increased by 6.9%, indicating strong performance at established locations [1] Market Reaction - The market responded positively to the company's strong financial metrics, with a notable 10.3% increase in share price [1] - Planet Fitness shares have shown low volatility, with only two movements greater than 5% in the past year, indicating significant market impact from this news [3] - The stock is currently trading at $101.34, which is 10.8% below its 52-week high of $113.55 [5]

Financial Data and Key Metrics Changes - Total revenue for Q3 2025 was $330.3 million, an increase of 13% compared to $292.2 million in Q3 2024 [21] - Adjusted EBITDA increased by 14.4% to $140.8 million, with an adjusted EBITDA margin of 42.6% compared to 42.1% in the prior year [23] - Net income for the quarter was $59.2 million, with adjusted net income at $67 million, translating to an adjusted net income per diluted share of $0.80 [23][24] Business Line Data and Key Metrics Changes - Franchise segment revenue increased by 11%, while corporate-owned club segment revenue rose by 7.6% [21] - Equipment segment revenue saw a significant increase of 27.8%, driven by higher sales from both new equipment and replacements [22] - Black Card penetration reached 66.1%, a 300 basis point increase from the previous year [20] Market Data and Key Metrics Changes - The company ended Q3 with approximately 20.7 million members, reflecting strong join trends and conversions from the High School Summer Pass program [4][20] - System-wide same club sales growth was reported at 6.9%, with franchisee same club sales increasing by 7.1% and corporate same club sales by 6% [19] Company Strategy and Development Direction - The company is focused on four strategic imperatives: redefining brand promise, enhancing member experience, refining product offerings, and accelerating new club growth [7] - Plans to raise the Black Card membership price to $29.99 after the peak join season in 2026, reflecting confidence in the brand's value [9] - The company aims to open between 160 and 170 new clubs in 2025, including both franchise and corporate locations [24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business's momentum and the effectiveness of their strategic imperatives, leading to an increase in the 2025 outlook [25] - The company noted that while attrition rates were elevated year-over-year, they were consistent with historical levels and showed signs of moderation [39] - Management highlighted the importance of member engagement and retention, emphasizing the positive impact of personalized experiences and community [11][12] Other Important Information - The company invested nearly $170 million in waived membership dues as part of its marketing strategy [6] - Planet Fitness was recognized as one of Fortune's 100 Fastest Growing Companies and ranked 22nd in Franchise Times Top 400 [16] Q&A Session Summary Question: Thoughts on marketing split between local and national - Management discussed the shift of 1% from local to national advertising, aiming to enhance digital marketing and CRM efficiency [30] Question: Density and market opportunities - Management indicated opportunities for growth in less dense markets due to demographic shifts and population growth [31][32] Question: Churn and member growth expectations - Management confirmed that elevated attrition rates were not out of line with historical trends and expected moderation [39][40] Question: Confidence in guidance and Black Card pricing - Management attributed increased confidence to strong Q3 results and positive trends in equipment business and SG&A [44][46] Question: Competitive landscape and franchisee returns - Management noted strong join trends and franchisee confidence, with positive indicators for real estate availability [52][53] Question: Strategic brand partnerships - Management highlighted ongoing efforts to cultivate brand partnerships and the positive impact on member benefits [66] Question: AI and technology for membership retention - Management discussed plans to leverage AI for personalized member experiences and marketing [70][81] Question: Equipment replacement and franchisee returns - Management assured that the quality of equipment would maintain consistent replacement cycles despite increased usage [117][118]

Planet Fitness (NYSE:PLNT) Q3 2025 Earnings Call November 06, 2025 08:00 AM ET Speaker2Thank you for standing by. My name is Van, and I will be your conference operator today. At this time, I would like to welcome everyone to the Q3 Planet Fitness earnings call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. If you would like to ask a question during this time, simply press Star, followed by the number one on your ...

Planet Fitness (PLNT) came out with quarterly earnings of $0.8 per share, beating the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $0.64 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +11.11%. A quarter ago, it was expected that this fitness center operator would post earnings of $0.79 per share when it actually produced earnings of $0.86, delivering a surprise of +8.86%.Over the last four quarter ...

Accessibility StatementSkip Navigation System-wide same club sales increased 6.9% Raises 2025 full-year growth outlook Repurchased approximately $100M of its shares HAMPTON, N.H., Nov. 6, 2025 /PRNewswire/ -- Today, Planet Fitness, Inc. (NYSE: PLNT) reported financial results for its third quarter ended September 30, 2025. Third Quarter Fiscal 2025 Highlights "We are making significant progress in executing on our long-term strategy, as highlighted by our strong financial performance during the quarter, wh ...

Exhibit 99.1 Planet Fitness, Inc. Announces Third Quarter 2025 Results System-wide same club sales increased 6.9% Raises 2025 full-year growth outlook Repurchased approximately $100M of its shares Hampton, NH, November 6, 2025 - Today, Planet Fitness, Inc. (NYSE: PLNT) reported financial results for its third quarter ended September 30, 2025. Third Quarter Fiscal 2025 Highlights "We are making significant progress in executing on our long-term strategy, as highlighted by our strong financial performance dur ...

ATLANTA, Nov. 05, 2025 (GLOBE NEWSWIRE) -- Planet Fitness is helping metro Atlanta families kick off the holiday season with gratitude and good cheer during its seventh annual turkey giveaway on Monday, Nov. 24. The initiative reflects the company’s commitment to supporting the neighborhoods it serves – not only by promoting physical wellness inside the gym, but also by nurturing community well-being beyond it. A total of 500 free, full-size frozen turkeys will be distributed to local residents, families an ...