Planet Fitness, Inc. Announces Second Quarter 2025 Results

Core Insights - Planet Fitness reported a strong financial performance for the second quarter of 2025, with total revenue increasing by 13.3% to $340.9 million compared to the prior year period [4][5] - The company ended the second quarter with approximately 20.8 million members and continues to maintain its growth outlook for the full year 2025 [1][3] - System-wide same club sales increased by 8.2%, indicating robust demand for its services [1][4] Financial Performance - Total revenue for the second quarter of 2025 was $340.9 million, up from $300.9 million in the prior year [4][5] - Net income attributable to Planet Fitness, Inc. rose to $58.0 million, or $0.69 per diluted share, compared to $48.6 million, or $0.56 per diluted share, in the prior year [5][20] - Adjusted EBITDA increased by $20.1 million to $147.6 million from $127.5 million in the prior year [5][25] Membership and Expansion - The company added nearly 14 million members over the past decade and expanded its global footprint by more than 1,700 clubs [3] - As of June 30, 2025, Planet Fitness had a total of 2,762 clubs, with 23 new clubs opened during the second quarter [5][17] Segment Performance - Franchise segment revenue increased by 11.0% to $119.7 million, driven by higher royalty revenue and same club sales growth of 8.3% [6][7] - Corporate-owned clubs segment revenue rose by 10.8% to $139.0 million, with a same club sales increase of 7.0% [6][7] - Equipment segment revenue saw a significant increase of 21.5% to $82.2 million, primarily due to higher sales to existing franchisee-owned clubs [6][8] Strategic Initiatives - The company signed a binding agreement to sell eight corporate clubs in California to a franchisee, reinforcing its asset-light model [3][9] - Planet Fitness is well-positioned to capitalize on the growing consumer focus on health and well-being, as indicated by early momentum in programs like the High School Summer Pass [3] 2025 Outlook - The company continues to expect net interest expense to be approximately $86.0 million and capital expenditures to increase by about 20% [10] - Revenue is projected to increase in the 10% range, with Adjusted EBITDA and Adjusted net income also expected to grow in the 10% and 8% to 9% ranges, respectively [16]