Planet Fitness (PLNT) Q4 Earnings & Revenues Beat Estimates

Planet Fitness, Inc. (PLNT) reported fourth-quarter 2023 results, with earnings and revenues beating the Zacks Consensus Estimate. Also, both metrics increased on a year-over-year basis.Following the results, the company’s shares fell 5.3% during trading hours on Feb 22. Negative investor sentiments were witnessed as the company cited concerns about continued macroeconomic uncertainty and a slowing down of sales (owing to a transition towards more strength equipment over cardio). The company anticipates 202 ...