Planet Fitness Stock Tumbles on Slower Earnings Growth Projections

Core Insights - Planet Fitness shares declined due to 2025 projections overshadowing a strong fourth quarter performance [1][4] - The company reported an adjusted earnings per share (EPS) of $0.70 for Q4 2024, with revenue of$340.45 million, both showing year-over-year growth and exceeding analyst expectations [1][4] Financial Performance - For Q4 2024, Planet Fitness achieved a same club sales growth of 5.5%, surpassing the anticipated 4.84% [1] - The company forecasts approximately 10% revenue growth for 2025, projecting revenue to reach about $1.3 billion, slightly above analyst consensus [2] - Adjusted EPS is expected to grow by 11% to 12%, while same club sales are projected to increase by 5% to 6% in 2025, both slightly below current analyst projections [2] Market Reaction - Following the unexpected departure of its CEO in September 2023, Planet Fitness shares have rebounded, hitting a record high in late January 2024 [3] - Despite the recent decline of over 8% in share price, it remains more than 40% higher than a year ago [3]