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HAMPTON, N.H., Dec. 30, 2024 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT) (the "Company"), today announced that the Company is participating in an upcoming investor conference. ICR Conference 2025: Management's fireside chat presentation is scheduled for January 13, 2025, at 3:00 p.m. Eastern Time. A live webcast of the presentation will be available on the investor relations website at http://investor.planetfitness.com. About Planet Fitness Founded in 1992 in Dover, NH, Planet Fitness is one of the la ...

Core Viewpoint - Planet Fitness, Inc. has demonstrated exceptional performance in 2024, achieving a 37.3% growth year to date, significantly outperforming the S&P 500 and the industry average [1]. Group 1: Stock Performance - As of Monday, Planet Fitness stock closed at $100.20, which is 2.6% below its 52-week high and 84.4% above its 52-week low [2]. - Other industry players have shown varied performance in 2024, with Xponential Fitness, Inc. gaining 0.5%, Life Time Group Holdings, Inc. increasing by 45.6%, and OneSpaWorld Holdings Limited rising by 40.4% [2]. Group 2: Technical Indicators - Technical indicators suggest that Planet Fitness is experiencing strong performance, trading above its 50-day moving average, indicating robust upward momentum and price stability [5]. Group 3: Growth Model - The company has implemented a new growth model aimed at enhancing returns from new stores while minimizing impact on its profit and loss statement [6]. - This model focuses on reducing capital requirements for opening and operating franchises and lowering operating expenses, providing franchisees with more flexibility for long-term growth [7]. Group 4: Membership Pricing Strategy - In June 2024, Planet Fitness raised the price of its Classic White Card membership from $10 to $15 after a disciplined pricing test, marking the first price change in 26 years [8]. - The company anticipates a low to mid-single-digit percentage increase in top-line revenue from existing clubs approximately one year after the new pricing implementation [9]. Group 5: Expansion Strategy - Planet Fitness is pursuing strategic partnerships and international expansion, including opening its first European club in Barcelona, Spain, and entering a joint venture in Mexico to develop new stores over the next five years [10]. - The company also plans to expand into New Zealand with new club locations over the coming years [10]. Group 6: Earnings and Revenue Growth - The Zacks Consensus Estimate for 2024 and 2025 has been revised upward by 2.9% and 3.5%, respectively, with expected earnings growth of 11.6% and 17% year over year [11]. - Sales are projected to increase by 8.9% in 2024 and 10.1% in 2025 [11]. Group 7: Overall Performance and Investment Potential - Planet Fitness's strong performance in 2024 is attributed to effective strategic initiatives, including the new growth model, cost management, and international expansion [12]. - The company's disciplined pricing adjustments and focus on delivering value position it for sustainable growth, making it an attractive investment opportunity for growth-oriented investors [12].

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Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

Have you been paying attention to shares of Planet Fitness (PLNT) ? Shares have been on the move with the stock up 4.1% over the past month. The stock hit a new 52-week high of $102.9 in the previous session. Planet Fitness has gained 39.5% since the start of the year compared to the 15.1% move for the Zacks Consumer Discretionary sector and the 23.4% return for the Zacks Leisure and Recreation Services industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surpri ...

Planet Fitness (PLNT -1.72%) made investors happy when it reported better-than-expected financial results for the three-month period that ended Sept. 30. Shares have soared 27% since the start of November, following positive momentum for the overall market.This fitness stock is now trading in record territory. If you're looking to buy Planet Fitness on the recent strength, first take the time to know these three things.Franchise modelInvestors have probably seen a Planet Fitness gym near where they live, kn ...

A group of unsecured creditors pushed to derail the sale of bankrupt gym chain Blink to a UK company after it won an auction over Planet Fitness, The Post has learned.Planet Fitness — the largest gym chain in the US with more than 2,000 locations — had made an 11th-hour bid to acquire Blink, which last week accepted a lower offer from UK-based Pure Gym, sources exclusively told The Post.Planet Fitness has made an eleventh-hour bid to acquire affordable gym chain Blink, sources exclusively told The Post. Chr ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Planet Fitness (PLNT) , which belongs to the Zacks Leisure and Recreation Services industry, could be a great candidate to consider.This fitness center operator has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 8.70%.For the l ...

TORONTO, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Planet Fitness, one of the largest and fastest-growing franchisors and operators of fitness centers with more members than any other fitness brand, announced today nearly three million high school students signed up for its annual High School Summer Pass program, logging more than 12 million workouts this summer between June 1 and August 31. During this time, Planet Fitness invited high schoolers between the ages of 14 – 19 to work out for free at any of its 2,600 ...