Core Viewpoint - Planet Fitness, Inc. (PLNT) has shown strong stock performance, gaining 14.4% over the past three months, significantly outperforming the Zacks Leisure and Recreation Services industry and broader market indices [1][2] Group 1: Financial Performance and Market Position - PLNT's stock is currently trading at $82.39, above its 50-day moving average of $77.50 and 200-day moving average of $69.42, indicating positive market perception [2] - The company has a forward 12-month price-to-earnings ratio of 30.24X, which is higher than the industry average of 16.22X, suggesting a premium valuation [9] - The Zacks Consensus Estimate for PLNT's 2024 earnings per share (EPS) has increased from $2.43 to $2.44 over the past 60 days, with a similar upward trend for 2025 EPS from $2.83 to $2.84 [10][11] Group 2: Business Model and Growth Strategies - Planet Fitness differentiates itself in the high-value, low-price (HVLP) sector by creating an inclusive member experience, supported by its "no gymtimidation" philosophy [3] - The company has implemented a $15 pricing structure for new classic card members, expected to contribute to a low to mid-single-digit increase in average unit volume (AUV) over the next year [4] - The asset-light franchise model generates substantial free cash flow, allowing for continued investment in growth initiatives and shareholder returns [6] Group 3: Expansion and Market Opportunities - Planet Fitness is expanding internationally, with its first European location opened in Barcelona, indicating potential for growth in high-density population areas [6] - The High School Summer Pass Program has attracted over 2.6 million teen participants, emphasizing the company's commitment to community and long-term membership growth [3] Group 4: Challenges and Risks - The company recently refinanced $600 million of debt, increasing its total debt to $800 million, which raised concerns about its ability to manage debt obligations amid economic downturns [7] - Equipment sales have seen a decline, with a year-over-year drop of 8.4% in the second quarter, which could impact overall performance if store openings do not meet expectations [8]

In an aerial view, customers leave a Planet Fitness gym on May 09, 2024 in Richmond, California. September started on a rough note for the U.S. stock market, with certain economic readings showing signs of weakness. Ignoring the near-term noise, investors looking for stock picks can consider the recommendations of top Wall Street analysts. These experts conduct research and assess the ability of a company to navigate headwinds and deliver growth over the long term. Bearing that in mind, here are three stock ...

It has been about a month since the last earnings report for Planet Fitness (PLNT) . Shares have added about 4.3% in that time frame, underperforming 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 the most recent earnings report in order to get a better handle on the important drivers. Planet Fitness Q2 Earnings & Revenues ...

Peloton sets the bar really low for another industry stock attracting investor attention. Peloton Interactive (PTON 0.65%) seems to get all the attention these days, at least when it comes to the exercise industry. It thrived before and during the pandemic. But in the past couple of years, the business has been fighting for its survival. Its most recent financial update was cheered by investors, as maybe things will start to trend in the right direction. If you're considering buying this consumer discretion ...

Baird named Planet Fitness Inc (NYSE:PLNT) a "bullish fresh pick" through the end of the year, and maintained its "overweight" rating on the stock. The analyst in question also noted the company could buck a cooler growth environment. At last glance, shares were up 0.8% to trade at $81.75. The equity is trading at its highest level since May 2023, and moved back above its 20-day moving average. PLNT also toppled resistance at the $79 level, which capped a July rally. Fresh off their third-straight weekly wi ...

Shares of Planet Fitness, Inc. (PLNT) gained 35.6% in the past year, outperforming the Zacks Leisure and Recreation Services industry's 1.9% growth. The uptrend is most likely attributable to the efficient execution of its new growth model, favorable pricing strategies across its different membership cards, and international expansion initiatives. Image Source: Zacks Investment Research However, ongoing market uncertainties and inflationary pressures remain headwinds. Let us discuss the factors that highlig ...

Shauntil Cox lifts weights with the help of her trainer, Deano Troost, at a Planet Fitness in New Caney, Texas, on Sept. 19, 2023. A growing share of gym users is looking to build muscle, leading major fitness companies to refocus their efforts beyond cardio workouts. In fact, building muscle was the No. 1 goal for 2024, ahead of weight loss and general movement, according to Life Time's annual survey of 3,000 respondents. Now, both Peloton and Planet Fitness are expanding their investments in strength. Pla ...

The Good Brigade Summary Following my coverage of Planet Fitness (NYSE:PLNT) in Mar'23, which I recommended a hold rating as I saw no fundamental improvements and that there were no catalysts that would have driven a strong recovery in the near term, this post is to provide an update on my thoughts on the business and stock. I believe PLNT has shown improvement over the past few months, and there are visible catalysts that could drive growth acceleration in the coming quarters (most likely in FY25). I also ...

For the quarter ended June 2024, Planet Fitness (PLNT) reported revenue of $300.94 million, up 5.1% over the same period last year. EPS came in at $0.71, compared to $0.65 in the year-ago quarter. The reported revenue represents a surprise of +2.93% over the Zacks Consensus Estimate of $292.39 million. With the consensus EPS estimate being $0.65, the EPS surprise was +9.23%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stree ...

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 June 30, 2024 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) Delaware 38-3942097 (State or O ...