Planet Fitness(PLNT)
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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
Financial Data and Key Metrics Changes - For Q4 2020, total revenue was $133.8 million, down $57.7 million or 30.1% compared to $191.5 million in Q4 2019 [30] - Adjusted EBITDA was $51.1 million, compared to $76.6 million in the prior year period [51] - Adjusted net income was $15.1 million, with adjusted net income per diluted share at $0.17, down from $0.44 per diluted share in the year-ago period [52] Business Line Data and Key Metrics Changes - Franchise segment revenue was $66.9 million, down $6.4 million or 8.8% compared to the prior year [41] - Corporate-owned store segment revenue was $38.9 million, down from $41.2 million in the prior year [45] - Equipment segment revenue decreased $49.0 million or 63.7% to $28.0 million from $77.0 million [46] Market Data and Key Metrics Changes - Membership levels ended at approximately 13.5 million, down from 14.4 million at the end of 2019 [31] - System-wide same store sales were down 10.6%, with franchise down 10.6% and corporate-owned down 11.7% [35] - Black Card penetration declined 40 basis points year-over-year to 60.5% [36] Company Strategy and Development Direction - The company plans to capitalize on industry consolidation and favorable real estate conditions to grow membership and expand its physical footprint [25] - The strategy includes enhancing technological capabilities for digital engagement and utilizing marketing to increase demand for accessible fitness offerings [25] - The company is optimistic about resuming growth trajectories post-pandemic, believing that COVID-19 has widened the moat around its bricks-and-mortar business [26] Management's Comments on Operating Environment and Future Outlook - Management noted that 90% of stores are open, with the majority of closed stores located in California and parts of Canada and Panama [9] - The company has provided franchisees with relief measures to help rebuild their balance sheets while focusing on membership growth [12] - Management expressed optimism about long-term growth prospects, expecting to return to over 200 new store openings per year once conditions normalize [60] Other Important Information - The company ended the quarter with $515.8 million in total cash, indicating a strong liquidity position [53] - Total long-term debt was $1.8 billion, with sufficient headroom for maintenance covenants [55] - The company is refraining from providing guidance due to pandemic uncertainties but anticipates modest new store openings in 2021 [59] Q&A Session Summary Question: Membership trends and marketing investments - Management noted a decrease in member cancellations and an increase in net members in January, indicating a positive trend [65] - Marketing budgets are set for the year, with potential adjustments depending on vaccine distribution and demand [66] Question: Member usage trends - Usage was reported at 75% of last year's workouts in December, with January seeing about 70% [70] - Longer-open stores are performing closer to normal usage levels [71] Question: Member trends in November and December - Cancellations were attributed to involuntary cancellations due to billing issues rather than significant market changes [76] Question: Unit development and franchisee morale - Development is cautious, with expectations of 75 to 100 new stores in 2021, depending on market conditions [80] Question: PF Plus subscription and revenue sharing - PF Plus is showing promising trends, with a significant portion of subscribers being non-members who later join bricks-and-mortar locations [85] - Revenue sharing with franchisees is still being determined, focusing on mutual benefits [89] Question: Equipment sales and future outlook - The 15% discount on equipment sales has expired, and the company expects a potential decline in sales before improvement [94] Question: Industry closures and competitive landscape - Management anticipates more gym closures in 2021 due to financial pressures from the pandemic [99]
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 ...