For the quarter ended September 2024, Planet Fitness (PLNT) reported revenue of $292.25 million, up 5.3% over the same period last year. EPS came in at $0.64, compared to $0.59 in the year-ago quarter. The reported revenue represents a surprise of +3.00% over the Zacks Consensus Estimate of $283.73 million. With the consensus EPS estimate being $0.58, the EPS surprise was +10.34%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to det ...

Planet Fitness, Inc. (NYSE:PLNT) Q3 2024 Earnings Conference Call November 7, 2024 8:00 AM ET Company Participants Stacey Caravella – Vice President-Investor Relations Colleen Keating – Chief Executive Officer Jay Stasz – New Chief Financial Officer Tom Fitzgerald – Chief Financial Officer Conference Call Participants Simeon Siegel – BMO Capital Markets Sharon Zackfia – William Blair Jonathan Komp – Baird Rahul Krotthapalli – JPMorgan Megan Clapp – Morgan Stanley John Heinbockel – Guggenheim Partners Joe Al ...

Planet Fitness (PLNT) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.59 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 10.34%. A quarter ago, it was expected that this fitness center operator would post earnings of $0.65 per share when it actually produced earnings of $0.71, delivering a surprise of 9.23%. Over the last four quarte ...

Increases 2024 revenue and Adjusted EBITDA outlook Initiated new $500 million share repurchase program upon $280 million share repurchase completion Appointed Jay Stasz as Chief Financial Officer, effective November 15, 2024 HAMPTON, N.H., Nov. 7, 2024 /PRNewswire/ -- Today, Planet Fitness, Inc. (NYSE: PLNT) reported financial results for its third quarter ended September 30, 2024. "We delivered solid results in the quarter, including more than 5 percent revenue growth, approximately 3 percent net income gr ...

Exhibit 99.1 Planet Fitness, Inc. Announces Third Quarter 2024 Results Increases 2024 revenue and Adjusted EBITDA outlook Initiated new $500 million share repurchase program upon $280 million share repurchase completion Appointed Jay Stasz as Chief Financial Officer, effective November 15, 2024 Hampton, NH, November 7, 2024 - Today, Planet Fitness, Inc. (NYSE: PLNT) reported financial results for its third quarter ended September 30, 2024. "We delivered solid results in the quarter, including more than 5 pe ...

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 ...

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 ...