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Core Insights - Planet Fitness reported revenue of $276.66 million for the quarter ended March 2025, marking an 11.6% year-over-year increase, with EPS of $0.59 compared to $0.53 a year ago [1] - The reported revenue fell short of the Zacks Consensus Estimate of $281.54 million, resulting in a surprise of -1.73%, while the EPS also missed the consensus estimate of $0.62 by -4.84% [1] Financial Performance Metrics - Total stores at the end of the period were 2,741, slightly below the estimated 2,746 [4] - Same-store sales increased by 6.1%, exceeding the estimated 5.4% [4] - Franchisee-owned same-store sales were reported at 6.2%, also above the estimated 5.4% [4] - Corporate-owned same-store sales were 5.1%, slightly above the 5% average estimate [4] - The company opened 19 new stores, below the average estimate of 23 [4] Revenue Breakdown - National advertising fund revenue was $21.94 million, surpassing the average estimate of $21.55 million, reflecting a year-over-year change of +10.9% [4] - Franchise revenue reached $93.24 million, slightly below the average estimate of $93.54 million, with a year-over-year increase of +10.7% [4] - Equipment segment revenue was $27.81 million, exceeding the average estimate of $27.36 million, with a significant year-over-year increase of +28.7% [4] - Corporate-owned stores segment revenue was $133.67 million, below the average estimate of $136.20 million, showing a year-over-year change of +9.2% [4] - Franchise segment revenue was $115.18 million, slightly above the estimated $115.09 million, with a year-over-year increase of +10.7% [4] Stock Performance - Planet Fitness shares have returned +7.6% over the past month, compared to the Zacks S&P 500 composite's +11.3% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Planet Fitness (PLNT) Q1 2025 Earnings Call May 08, 2025 08:00 AM ET Company Participants Stacey Caravella - VP, IRColleen Keating - CEOJay Stasz - CFOSimeon Siegel - Managing DirectorMax Rakhlenko - Managing DirectorRahul Krotthapalli - Vice President - Equity ResearchMartin Mitela - Senior Equity Research AssociateJohn-Paul Wollam - Equity Research AssociateRandal Konik - Managing Director Conference Call Participants Sharon Zackfia - Partner & Head of Consumer Equity Research & Analyst - Restaurants, Lif ...

Financial Data and Key Metrics Changes - The company ended Q1 2025 with 20.6 million members, an increase of approximately 900,000 from the end of 2024 [4] - Revenue for Q1 was $276.7 million, compared to $248 million in the same quarter last year, marking an increase of 11.5% [22] - Adjusted EBITDA was $117 million, an increase of 10.1% year over year, with an adjusted EBITDA margin of 42.3% [25] - Net income was $42.1 million, with adjusted net income at $50 million, reflecting strong financial performance [25] Business Line Data and Key Metrics Changes - System-wide same club sales grew by 6.1% in Q1, with franchisee same club sales increasing by 6.2% and corporate same club sales increasing by 5.1% [21] - Black Card penetration reached approximately 65%, a nearly 300 basis point increase from the previous year [9][22] - Equipment segment revenue increased by 28.7%, driven by higher revenue from replacement equipment sales [23] Market Data and Key Metrics Changes - The company opened 19 new clubs globally, bringing the total club count to 2,741 [4] - Member activity increased, with members visiting clubs an average of 6.7 times per month, the highest utilization in five years [10] - Gen Z continues to lead membership growth, being the fastest-growing demographic since 2021 [10] 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 [6] - The brand is positioned as a leader in the high-value, low-price fitness category, aiming to provide a judgment-free environment [5] - The company plans to continue testing various promotional strategies to drive membership growth [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's resilience and ability to navigate macroeconomic challenges, citing historical performance during economic downturns [5][42] - The company reiterated its growth targets for 2025, expecting to open between 160 and 170 new clubs [28] - Management acknowledged potential tariff impacts but indicated that current levels do not materially affect 2025 targets [15][27] Other Important Information - The company is implementing a click-to-cancel feature to enhance member experience, with over 50% of US clubs already enabled [20] - The company is exploring new equipment offerings and amenities for Black Card members, including red light therapy and spray tanning [88] Q&A Session Summary Question: Regarding Black Card penetration and pricing strategy - Management noted that the increase in Black Card penetration is a result of a successful promotion and the narrowing price gap between Classic and Black Card memberships [34][35] Question: Impact of macroeconomic conditions on business - Management indicated that the business remains resilient, with strong member growth and revenue despite macroeconomic volatility [42][45] Question: Future of franchise ownership and international development - Management highlighted positive franchisee sentiment and strong performance in international markets, particularly in Spain and Australia [106][108] Question: Churn rates and pricing impacts - Churn rates are in line with expectations, and management is monitoring the effects of price increases on member retention [82] Question: Development pipeline and big box availability - Management discussed varying availability of big box spaces across geographies and expressed confidence in the development pipeline despite macro concerns [94][96]

Planet Fitness (PLNT) came out with quarterly earnings of $0.59 per share, missing the Zacks Consensus Estimate of $0.62 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 -4.84%. A quarter ago, it was expected that this fitness center operator would post earnings of $0.62 per share when it actually produced earnings of $0.70, delivering a surprise of 12.90%.Over the last four quarter ...

Planet Fitness, Inc. Announces First Quarter 2025 Results System-wide same club sales increased 6.1% Ended first quarter with total membership of approximately 20.6 million $50.0 million in shares repurchased in first quarter Exhibit 99.1 Hampton, NH, May 8, 2025 - Today, Planet Fitness, Inc. (NYSE: PLNT) reported financial results for its first quarter ended March 31, 2025. "We ended the first quarter with approximately 20.6 million members, an increase of approximately 900,000 from the end of 2024, and we ...

Inflationary pressures, global uncertainties and fluctuating consumer sentiment, particularly among lower- income households, are likely to have influenced spending patterns in the first quarter of 2025. Businesses operating in the leisure and recreation space have had to adjust quickly to remain competitive, often through operational efficiencies and more personalized service offerings. While discussing the sector's performance trends in the first quarter, companies such as Planet Fitness, Inc. (PLNT) , Pe ...

Core Viewpoint - Planet Fitness is expected to report quarterly earnings of $0.62 per share, a 17% increase year-over-year, with revenues projected at $280.69 million, reflecting a 13.2% year-over-year growth [1]. Earnings Estimates - The consensus EPS estimate has been revised down by 0.4% in the last 30 days, indicating a reassessment by analysts [2]. - Revisions to earnings estimates are significant indicators for predicting investor actions regarding the stock [3]. Revenue Projections - Analysts estimate 'Revenue- National advertising fund' to be $21.55 million, an 8.9% increase year-over-year [5]. - 'Revenue- Franchise' is expected to reach $93.64 million, indicating an 11.2% year-over-year change [5]. - The 'Revenue- Equipment segment' is projected at $26.26 million, reflecting a 21.5% increase from the previous year [5]. - 'Revenue- Corporate-owned stores segment' is anticipated to be $135.97 million, showing an 11.1% year-over-year change [6]. Same-store Sales and Store Metrics - The average prediction for 'Same-store sales' is 5.4%, down from 6.2% reported in the same quarter last year [6]. - The consensus for 'Total Stores - End of period' is 2,747, up from 2,599 a year ago [6]. - 'EOP Franchise Stores' are projected to reach 2,467, compared to 2,341 reported in the same quarter last year [7]. - 'EOP Corporate Stores' is expected to be 281, up from 258 year-over-year [7]. - 'Corporate-owned same store sales' is estimated at 5.0%, down from 6.2% in the previous year [7]. New Store Openings - Analysts forecast 'Total Stores - New stores opened' to be 23, down from 25 reported in the same quarter last year [8]. - 'Franchisee-owned same store sales' is expected to be 5.4%, compared to 6.3% in the same quarter last year [8]. - 'Total Stores - Beginning of period' is projected to be 2,722, up from 2,575 year-over-year [8]. Stock Performance - Planet Fitness shares have increased by 6.6% in the past month, compared to an 11.5% increase in the Zacks S&P 500 composite [9].

Core Viewpoint - Planet Fitness, Inc. (PLNT) has experienced a 10.7% decline in share price over the past three months, yet it has outperformed the Zacks Leisure and Recreation Services industry, the broader Zacks Consumer Discretionary sector, and the S&P 500 during the same period [1][3]. Group 1: Company Performance - Despite the decline, PLNT stock has outperformed competitors such as Xponential Fitness, OneSpaWorld, and Peloton, which saw declines of 52.2%, 20.1%, and 43.6% respectively [4]. - The company has approximately 19.7 million members and operates 2,722 clubs across various regions, including the U.S., Canada, and parts of Europe and Latin America [6]. - PLNT has enacted several in-house initiatives aimed at gaining market share, optimizing costs, and increasing cash flow to mitigate adverse market impacts [6][19]. Group 2: Growth Strategies - The company introduced a new economic growth model in 2024, focusing on reduced build costs and extended capital investment timelines to enhance returns from new stores [7]. - PLNT has successfully integrated pricing trials into its operations, with the Classic Card membership priced at $15, and ongoing trials for the premium Black Card membership expected to conclude in Q1 2025 [8]. - The company plans to open 160-170 new clubs in 2025, building on the 150 new club openings reported in 2024 [9]. Group 3: Financial Outlook - Earnings estimates for 2025 have increased by 0.3% over the past week, with a projected year-over-year growth rate of 12.4% for 2025 earnings [10]. - The current earnings per share (EPS) estimates for 2025 stand at $2.91, with a projected increase to $3.41 in 2026 [11]. - PLNT is currently trading at a premium compared to industry peers, indicating strong market potential despite the challenges faced [13][15]. Group 4: Challenges and Risks - The company is facing pressures from elevated costs due to inflation and global macroeconomic risks, which have led to a 7.4% year-over-year increase in total operating costs to $857.5 million in 2024 [5][20]. - The uncertain global market scenario, including newly levied tariffs and potential foreign exchange risks, poses additional challenges for PLNT [16][18].

It has been about a month since the last earnings report for Planet Fitness (PLNT) . Shares have added about 11% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Planet Fitness due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.How Have Estimates Been Moving Since Then ...