Core Insights - So Cal Gyms, LLC has opened its 100th Planet Fitness location in the Greater Los Angeles area, specifically in the Hyde Park neighborhood, marking significant growth in the region [1][3]. Expansion and Growth - The first Planet Fitness location in Greater Los Angeles opened in Anaheim on June 1, 2010, and since then, 78 additional clubs have been established over the past 10 years, averaging approximately 8 new clubs per year [3]. - Planet Fitness has continued its expansion efforts even during uncertain times, demonstrating a commitment to providing affordable fitness options to the Los Angeles community [3]. Facility Features - The 100 Planet Fitness locations in the Greater Los Angeles area have evolved to meet consumer demands, enhancing strength training offerings and adding plate-loaded equipment [4]. - Each club averages 20,000 square feet and collectively provides access to over 300 dumbbell sets, 300 barbell sets, 6,000 cardio machines, 8,500 strength machines, and 20,200 weighted plates [4]. Membership and Amenities - The new location offers a welcoming environment for all fitness levels, with free fitness training included in every membership, as well as access to a variety of strength and cardio equipment [7]. - The PF Black Card® membership provides additional benefits, including the ability to bring a guest daily at no extra charge and access to over 2,700 Planet Fitness locations across the U.S. [8]. - New members can join the 100th club for just $1 down, with monthly fees starting at $15 or $24.99 for the PF Black Card® [8]. Company Overview - Founded in 1992, Planet Fitness is one of the largest and fastest-growing fitness center franchisors globally, with approximately 20.7 million members and 2,795 clubs as of September 30, 2025 [10]. - The company's mission focuses on enhancing lives through a high-quality fitness experience in a non-intimidating environment known as the Judgement Free Zone® [10].

Core Insights - Planet Fitness reported $330.35 million in revenue for the quarter ended September 2025, marking a 13% year-over-year increase and a surprise of +1.69% over the Zacks Consensus Estimate of $324.86 million [1] - The EPS for the same period was $0.80, compared to $0.64 a year ago, resulting in an EPS surprise of +11.11% against the consensus estimate of $0.72 [1] Financial Performance Metrics - Total stores at the end of the period reached 2,795, exceeding the six-analyst average estimate of 2,790 [4] - Same-store sales increased by 6.9%, surpassing the 5.9% average estimate based on five analysts [4] - Franchise segment revenue was $113.68 million, slightly above the $113.52 million average estimate, reflecting an 11% year-over-year change [4] - Corporate-owned clubs generated $137.83 million in revenue, below the $141.25 million estimate, but still showing a +7.6% change year-over-year [4] - Equipment segment revenue was reported at $78.84 million, significantly higher than the $68.36 million average estimate, representing a +27.8% year-over-year increase [4] - National advertising fund revenue reached $21.43 million, exceeding the $21.07 million average estimate, with a year-over-year change of +9.7% [4] Stock Performance - Shares of Planet Fitness have returned +9.5% over the past month, contrasting with the Zacks S&P 500 composite's -0.2% 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]

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]

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 [16] - Adjusted net income was $67 million, with adjusted net income per diluted share at $0.80, reflecting a growth of 16-17% range [20] - Adjusted EBITDA increased by 14.4% to $140.8 million, with an adjusted EBITDA margin of 42.6% compared to 42.1% in the previous year [18] Business Line Data and Key Metrics Changes - System-wide Same Club sales growth was 6.9%, with franchisee Same Club sales increasing by 7.1% and corporate Same Club sales rising by 6.0% [15] - Equipment segment revenue surged by 27.8%, driven by higher revenue from equipment sales, including new equipment and re-equips [17] - Black Card penetration reached 66.1%, a 300 basis point increase from the prior year [16] Market Data and Key Metrics Changes - The company ended Q3 with approximately 20.7 million members, consistent with expectations, and added 35 new clubs, bringing the total to 2,795 [3][14] - The High School Summer Pass program saw record participation, with over 3.7 million teens completing more than 19 million free workouts, reflecting a 30% increase from the previous year [4] 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 [5] - Plans to raise the Black Card price to $29.99 after the peak join season in 2026, while testing new amenities to enhance the Black Card offering [8] - The company aims to open between 160 and 170 new clubs in 2025, with a focus on maximizing economic value for franchisees [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business's momentum and the effectiveness of strategic imperatives, leading to an increase in the 2025 outlook [21] - The company noted that elevated attrition rates were not out of line with historical levels and expected moderation in the future [33] - Management highlighted the importance of community and member experience in driving retention and loyalty [10] Other Important Information - The company received recognition as one of Fortune's 100 fastest-growing companies and ranked 22nd in Franchise Times Top 400 [12] - The marketing strategy has shifted to include more digital and influencer marketing, particularly targeting younger consumers [4] Q&A Session Summary Question: Thoughts on marketing split between local and national - Management indicated that the shift from local to national advertising would enhance digital marketing efforts and improve media buying efficiency [25] Question: Density and market opportunities for new clubs - Management noted opportunities in less dense areas due to population growth and deurbanization, with plans to develop smaller club prototypes [26] Question: Churn rates and future member growth - Management confirmed that while attrition rates were elevated year-over-year, they were consistent with historical trends and expected moderation [33] Question: Confidence in guidance raise and Black Card pricing - Management attributed increased confidence to strong Q3 results and positive trends in equipment business and franchisee engagement [39] Question: Competitive landscape and new store openings - Management expressed satisfaction with join trends and noted positive indicators for increased availability of retail space for new clubs [48] Question: Strategic brand partnerships - Management highlighted ongoing efforts to cultivate brand partnerships that benefit members, with significant redemption rates for perks [61] Question: Use of AI for membership retention - Management discussed plans to leverage AI for personalized member experiences and targeted marketing [63] Question: Insights on Black Card Spa services - Management is measuring utilization and gathering feedback on new services to optimize the Black Card Spa offering [67]

分组1 - Planet Fitness reported quarterly earnings of $0.8 per share, exceeding the Zacks Consensus Estimate of $0.72 per share, and showing an increase from $0.64 per share a year ago, representing an earnings surprise of +11.11% [1] - The company posted revenues of $330.35 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 1.69%, and up from $292.25 million year-over-year [2] - Over the last four quarters, Planet Fitness has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] 分组2 - The stock has underperformed the market, losing about 7.3% since the beginning of the year, while the S&P 500 has gained 15.6% [3] - The current consensus EPS estimate for the coming quarter is $0.76 on revenues of $361.05 million, and for the current fiscal year, it is $2.92 on revenues of $1.3 billion [7] - The Zacks Industry Rank places Leisure and Recreation Services in the top 28% of over 250 Zacks industries, indicating a favorable outlook for the sector [8]

Core Insights - Planet Fitness reported a total revenue increase of 13.0% to $330.3 million for Q3 2025, driven by system-wide same club sales growth of 6.9% [3][7] - The company raised its full-year growth outlook for 2025, expecting adjusted net income to increase in the range of 13% to 14% [9][10] - The company repurchased approximately $100 million of its shares during the quarter [1] Financial Performance - Total revenue for Q3 2025 was $330.3 million, up from $292.2 million in the prior year [7] - Net income attributable to Planet Fitness, Inc. was $58.8 million, or $0.70 per diluted share, compared to $42.0 million, or $0.50 per diluted share, in the prior year [7] - Adjusted EBITDA increased by $17.7 million to $140.8 million from $123.1 million in the prior year [7] Segment Performance - Franchise segment revenue increased by 11.0% to $113.7 million, with a same club sales increase of 7.1% contributing to higher royalty revenue [8] - Corporate-owned clubs segment revenue rose by 7.6% to $137.8 million, driven by a same club sales increase of 6.0% [8] - Equipment segment revenue surged by 27.8% to $78.8 million, attributed to higher sales to both existing and new franchisee-owned clubs [8] Growth Outlook - The company expects system-wide same club sales growth of approximately 6.5%, up from a previous estimate of 6.0% [9] - Revenue is now expected to increase by approximately 11%, up from 10% [9] - The company anticipates new club openings of approximately 160 to 170 locations [9] Operational Highlights - 35 new Planet Fitness clubs were opened during the quarter, bringing the total to 2,795 clubs as of September 30, 2025 [7] - Cash and marketable securities totaled $577.9 million, including cash and cash equivalents of $329.0 million [7]