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Planet Fitness pops on Q2 earnings beat
Proactiveinvestors NA· 2024-08-06 16:15
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...
Planet Fitness (PLNT) Q2 Earnings and Revenues Top Estimates
ZACKS· 2024-08-06 12:41
Planet Fitness (PLNT) came out with quarterly earnings of $0.71 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.65 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 9.23%. A quarter ago, it was expected that this fitness center operator would post earnings of $0.49 per share when it actually produced earnings of $0.53, delivering a surprise of 8.16%. Over the last four quarter ...
Planet Fitness(PLNT) - 2024 Q2 - Quarterly Results
2024-08-06 10:30
Exhibit 99.1 Planet Fitness, Inc. Announces Second Quarter 2024 Results Reiterates 2024 outlook Consummated $800 million refinancing transaction Executed $280 million Accelerated Share Repurchase in second quarter Hampton, NH, August 6, 2024 - Today, Planet Fitness, Inc. (NYSE: PLNT) reported financial results for its second quarter ended June 30, 2024. "Since I stepped into the CEO role in June, I have become even more confident and excited about my decision to join such an iconic brand, supported by a str ...
Planet Fitness, Inc. Announces Second Quarter 2024 Results
Prnewswire· 2024-08-06 10:30
Reiterates 2024 outlook Consummated $800 million refinancing transaction Executed $280 million Accelerated Share Repurchase in second quarter HAMPTON, N.H., Aug. 6, 2024 /PRNewswire/ -- Today, Planet Fitness, Inc. (NYSE: PLNT) reported financial results for its second quarter ended June 30, 2024. "Since I stepped into the CEO role in June, I have become even more confident and excited about my decision to join such an iconic brand, supported by a strong foundation and team, a solid base of approximately 100 ...
Planet Fitness: Extensive Runway To Deploy Funds, But At Sub-Par Rates Of Return
Seeking Alpha· 2024-08-02 13:02
1 IF D H HT T 100 - 100 1 i T 1 Pgiam/iStock via Getty Images Investment Thesis Planet Fitness (NYSE:PLNT) is a leading franchisor and operator of fitness centers that could benefit from the growing demand for affordable and accessible fitness solutions. PLNT has achieved significant growth in its membership base and store footprint over the years, given its slightly differentiated model that attracts a more unique gym 'customer'. The company operated -2,600 stores across at the end of Q. Its footprint is i ...
Why Planet Fitness (PLNT) is a Top Momentum Stock for the Long-Term
ZACKS· 2024-07-29 14:50
If you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank. How Style Scores Work with the Zacks Rank With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investi ...
Planet Fitness Stock Ready to Rise After Lofty Bull Note
Schaeffers Investment Research· 2024-06-24 13:02
The shares of Planet Fitness Inc (NYSE:PLNT) are up 3.1% before the bell, after TD Cowen upgraded the recreation stock to "buy" from "hold" and raised its price target to $92 from $66. The analyst in coverage called PLNT a "top pick" and an "early turnaround play," saying its catalyst path is hard to ignore and pointed towards the upside to valuation. This bull note could cause a sentiment shift in the options pits. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX ...
This Planet Fitness Analyst Turns Bullish; Here Are Top 5 Upgrades For Monday
Benzinga· 2024-06-24 12:09
Loading... Loading... Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page. Check This Out: Enerpac Tool Group, Singular Genomics Systems And 3 Stocks To Watch On Monday ...
Planet Fitness, Inc. Announces $280 Million Accelerated Share Repurchase Program
Prnewswire· 2024-06-13 11:05
HAMPTON, N.H., June 13, 2024 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT) (the "Company") today announced that it has entered into a $280 million accelerated share repurchase agreement (the "ASR Agreement") with Citibank, N.A. (the "Bank"). The Company will acquire shares under the ASR Agreement as part of its $500 million share repurchase authorization previously announced on November 8, 2022 (the "2022 Share Repurchase Program"). As of June 13, 2024, before giving effect to the ASR Agreement, approxi ...
Planet Fitness, Inc. Completes Refinancing Transaction
Prnewswire· 2024-06-12 20:05
This press release does not constitute an offer to sell or the solicitation of an offer to buy the 2024 Notes or any other security. The 2024 Notes to be offered have not been, and will not be, registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act of 1933. transactions and our ability to incur additional indebtedness or refinance that indebtedness in the future, o ...