Company Overview - Planet Fitness is a leading franchisor and operator of fitness centers in the United States, with approximately 20.6 million members and 2,741 clubs as of March 31, 2025 [11] - The company operates in all 50 states, the District of Columbia, Puerto Rico, Canada, Panama, Mexico, Australia, and Spain, with about 90% of franchise stores owned and operated by franchisee groups [11] Investment Analysis - Planet Fitness holds a Zacks Rank of 3 (Hold) and has a VGM Score of B, indicating a solid position in the market [12] - The stock has a Momentum Style Score of B, with shares increasing by 4.2% over the past four weeks [12] - Two analysts have revised their earnings estimates upwards for fiscal 2025, with the Zacks Consensus Estimate increasing to $2.91 per share [12] - The company has an average earnings surprise of 6.9%, suggesting potential for positive performance [12] Investment Recommendation - With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, Planet Fitness is recommended for investors' consideration [13]

Company Overview - Planet Fitness is a leading franchisor and operator of fitness centers in the United States, with approximately 20.6 million members and 2,741 clubs as of March 31, 2025 [11] - The company operates in all 50 states, the District of Columbia, Puerto Rico, Canada, Panama, Mexico, Australia, and Spain, with about 90% of franchise stores owned and operated by franchisee groups [11] Investment Ratings - Planet Fitness holds a Zacks Rank of 3 (Hold) and has a VGM Score of B, indicating a solid position in the market [12] - The company is considered a top pick for growth investors, with a Growth Style Score of A, forecasting year-over-year earnings growth of 12.4% for the current fiscal year [12] Earnings Estimates - In the last 60 days, two analysts revised their earnings estimates upwards, with the Zacks Consensus Estimate increasing by $0.01 to $2.91 per share [12] - Planet Fitness has an average earnings surprise of 6.9%, suggesting a positive trend in earnings performance [12] Conclusion - With a strong Zacks Rank and top-tier Growth and VGM Style Scores, Planet Fitness is recommended for investors' consideration [13]

Group 1 - The company has acquired its first locations in Illinois, increasing its total club count to 198 across 14 states [1] - The newly acquired clubs were previously owned by Pizzazz Fitness and will continue to operate under the Planet Fitness brand [2] - National Fitness Partners (NFP) is backed by Argonne Capital Group, LLC, a private investment firm based in Atlanta [2]

Core Insights - Planet Fitness, Inc. (PLNT) shares have increased by 10.5% over the past three months, outperforming the Zacks Leisure and Recreation Services industry, which declined by 2.7%, as well as the broader Consumer Discretionary sector's rise of 1.4% and the S&P 500 index's growth of 1% during the same period [1][10]. Group 1: Strategic Efforts - The company is focusing on four key strategic efforts: strengthening brand positioning through marketing, enhancing member experience, refining products and formats, and accelerating new club openings [2]. - Membership reached approximately 20.6 million in Q1 2025, an increase of about 900,000 from the end of 2024, supported by promotional strategies such as limited-time offers and Black Card incentives [7]. - A new marketing campaign launched at the beginning of the year has improved brand perception and increased interest among former members, with a strong rejoin rate above 30% [8]. Group 2: Member Experience and Product Enhancements - The company aims to provide a judgment-free environment with quality equipment that supports various fitness levels and goals, expanding strength equipment and functional training space [11]. - As of the end of Q1 2025, the company updated the equipment mix in nearly 1,800 clubs and plans to complete the rollout across all locations by year-end [12]. Group 3: Expansion and Growth - Planet Fitness added 19 new clubs in Q1 2025, including 16 franchisee-owned and 3 corporate-owned locations, and expects to open 160-170 new clubs during the year [14]. - The company recorded a 6.1% rise in system-wide same-club sales, driven by new member growth and club openings [14]. Group 4: Financial Performance and Valuation - Earnings estimates for 2025 have increased by 0.3% in the past 30 days, with a year-over-year expected growth rate of 12.4% for 2025 earnings [17]. - The company is currently trading at a premium compared to industry peers on a forward 12-month price-to-earnings (P/E) ratio basis, indicating strong market potential despite challenges [18][20]. Group 5: Challenges and Market Conditions - The company faces pressures from elevated costs and expenses due to inflation and global macroeconomic risks, as well as uncertainties from recently imposed tariffs [21]. - Despite these challenges, the company is experiencing steady membership growth and improved brand engagement, supported by club enhancements and targeted marketing [22][23].

Group 1 - Better Plant Sciences Inc. common shares will be delisted from the CSE at market close on May 27, 2025 [1][2] - The company is currently suspended from trading [1][2] - The delisting is referenced in Bulletin 2024-0121 [1][2]

Core Insights - The S&P 500 index has generated a total return of 13% over the past 12 months, with significant volatility due to trade policy and economic uncertainty [1] - Planet Fitness has outperformed the broader index, with a 61% increase in stock price over the past year [1] Financial Performance - Planet Fitness reported Q1 2025 revenue of $277 million, an increase of 11.5% driven by the opening of 19 new locations, totaling 2,741 [3] - Same-store sales (SSS) grew by 6.1%, indicating increased productivity from existing locations [4] - Management expects SSS to rise between 5% and 6% in 2025, with revenue projected to increase by 10% [4] Membership Growth - Planet Fitness added 900,000 new members in Q1, bringing the total membership to 20.6 million [6] - The company believes it can expand to 5,000 fitness clubs in the U.S., significantly increasing revenue and earnings [7] Business Model - The franchise model allows Planet Fitness to operate with only 10% of locations owned directly, reducing capital requirements and fueling growth [8] - The company has maintained an average operating margin of 26% over the past decade, indicating strong profitability [9] Valuation and Investment Considerations - Shares of Planet Fitness have performed well, but the forward price-to-earnings (P/E) ratio is 35.6, which may be considered expensive [10][11] - Consensus forecasts suggest earnings per share will rise at an annualized pace of about 15% from 2024 to 2027 [11] - While the stock may not be a straightforward buy due to valuation concerns, it could be a viable option for exposure to the fitness industry [12]

Core Viewpoint - Planet Fitness Inc has been upgraded to "buy" from "hold" by Stifel, with a price target increase to $120 from $82, citing stabilizing new membership rates and potential tailwinds for comparable sales growth in the mid- to high-single-digit range over the next several years [1] Group 1 - Shares of Planet Fitness are up 1.4% before market opening, approaching an all-time high of $109.91, with a year-over-year increase of 59% and a year-to-date gain of 5.3% [2] - If premarket strength continues, the stock will achieve its sixth consecutive daily gain [2] Group 2 - Short interest has increased by 27.6% in the past two weeks, with 6.66 million shares sold short, representing 8% of the total available float [3] - At the current trading pace, it would take short sellers more than four days to cover their positions [3] Group 3 - An unwinding of pessimism in the options market may provide additional support, as the put/call open interest ratio stands at 0.83, indicating higher-than-usual put exposure among short-term traders [4]

Core Insights - Planet Fitness has launched its annual High School Summer Pass™ program, allowing teens aged 14-19 to work out for free at over 2,700 locations in the U.S. and Canada from June 1 to August 31 [1][2] - The program, now in its fifth year, aims to promote youth health and wellness, having invested over $300 million in waived membership dues since its inception in 2019 [2][5] - A Canadian study conducted by Planet Fitness highlights the mental health concerns among teens, with 68% of parents worried about their children's mental health [9] Company Overview - Founded in 1992, Planet Fitness is one of the largest fitness center franchisors and operators globally, with approximately 20.6 million members and 2,741 clubs as of March 31, 2025 [5] - The company's mission is to enhance lives by providing a high-quality fitness experience in a welcoming environment known as the Judgement Free Zone® [5] Program Details - The High School Summer Pass program has seen participation from 10 million teens since its launch, providing free access to fitness facilities and resources [7] - Participants will have access to a range of fitness equipment, free training from certified trainers, and a dedicated app featuring on-demand exercises [9] Mental Health Insights - The study indicates that 93% of teens who prioritize exercise report feeling happy, and 88% feel confident, with parents observing positive changes in their teens' mood and stress levels [9] - Despite recognizing the benefits of exercise, only 45% of teens turn to physical activity during challenging times, highlighting a knowledge-action gap [9]

jetcityimage In the nearly ten years since it went public, Planet Fitness (NYSE:PLNT) has seen a relatively steady base of skeptics: For the most part, those skeptics have been wrong: PLNT stock has gained just over 500% from its IPO price, for annualized ...

Membership and Club Operations - As of March 31, 2025, Planet Fitness had approximately 20.6 million members and operated 2,741 clubs, with 2,461 being franchised and 280 corporate-owned[108]. - Planet Fitness had contractual commitments to open approximately 900 new clubs as of March 31, 2025[108]. - The number of new franchisee-owned clubs opened in the first quarter of 2025 was 16, while corporate-owned clubs added 3 new locations[114]. Financial Performance - Total revenue for the three months ended March 31, 2025, was $276.7 million, a 11.6% increase from $248.0 million in the same period of 2024[112]. - Adjusted EBITDA for the same period was $117.0 million, up 10.6% from $106.3 million in 2024[112]. - Adjusted net income for the three months ended March 31, 2025, was $42.1 million, compared to $35.0 million in 2024, indicating a growth of 20.5%[125]. - Total revenue for the three months ended March 31, 2025, was $276.7 million, an increase of $28.6 million, or 11.5%, compared to $248.0 million for the same period in 2024[131]. - Adjusted net income for the three months ended March 31, 2025, was $50.0 million, compared to $47.3 million in 2024, representing an increase of 5.0%[127]. - Adjusted net income per share, diluted, was $0.59 for the three months ended March 31, 2025, compared to $0.53 in 2024, reflecting a 11.3% increase[127]. Revenue Segments - Franchise segment revenue increased to $115.2 million, a 10.5% rise from $104.0 million in 2024[112]. - Corporate-owned clubs segment revenue rose to $133.7 million, compared to $122.4 million in the previous year, marking an 9.5% increase[112]. - Equipment segment revenue rose to $27.8 million for the three months ended March 31, 2025, an increase of $6.2 million, or 28.7%, compared to $21.6 million in 2024[135]. - National advertising fund revenue was $21.9 million for the three months ended March 31, 2025, an increase of $2.2 million, or 10.9%, compared to $19.8 million in 2024[133]. Expenses and Costs - Cost of revenue increased to $22.5 million for the three months ended March 31, 2025, up $3.5 million, or 18.4%, from $19.0 million in 2024[136]. - Club operations expense was $81.7 million for the three months ended March 31, 2025, an increase of $7.3 million, or 9.9%, compared to $74.4 million in 2024[137]. - Selling, general and administrative expenses increased to $34.3 million for the three months ended March 31, 2025, up $5.1 million, or 17.5%, from $29.2 million in 2024[138]. - Depreciation and amortization expense decreased by $1.1 million, or 2.8%, to $38.3 million for the three months ended March 31, 2025, compared to $39.4 million in the same period of 2024[140]. Cash Flow and Financing - Net cash provided by operating activities was $133.9 million for the three months ended March 31, 2025, compared to $89.7 million in the prior year, an increase of $44.2 million[153]. - Net cash used in investing activities decreased by $10.5 million to $28.1 million for the three months ended March 31, 2025, compared to $38.6 million in the same period of 2024[155]. - Net cash used in financing activities increased by $30.4 million to $55.4 million for the three months ended March 31, 2025, compared to $25.0 million in the prior year, primarily due to increased cash used for share repurchases[156]. Other Financial Metrics - System-wide sales reached $1.3 billion for the three months ended March 31, 2025, compared to $1.2 billion in 2024, reflecting a growth of approximately 8.3%[121]. - Same club sales growth for franchisee-owned clubs was 6.2%, while corporate-owned clubs saw a growth of 5.1%[118]. - Franchise Segment Adjusted EBITDA increased by $8.7 million, or 11.5%, to $84.9 million for the three months ended March 31, 2025, compared to $76.1 million in the same period of 2024[147]. - Corporate-owned clubs Segment Adjusted EBITDA rose by $3.5 million, or 8.1%, to $45.8 million for the three months ended March 31, 2025, compared to $42.4 million in the prior year[148]. - Equipment Segment Adjusted EBITDA surged by $2.6 million, or 55.1%, to $7.4 million for the three months ended March 31, 2025, compared to $4.8 million in the same period of 2024[149]. - Other (gains) losses, net improved to a gain of $1.2 million for the three months ended March 31, 2025, compared to a loss of $0.5 million in the prior year, representing a change of $1.7 million, or 355.6%[141]. - Interest income increased by $0.4 million, or 6.4%, to $5.8 million for the three months ended March 31, 2025, compared to $5.5 million in the same period of 2024[142]. - Interest expense rose by $4.8 million, or 22.2%, to $26.2 million for the three months ended March 31, 2025, compared to $21.4 million in the prior year, primarily due to a higher principal balance[143].