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Good News as Planet Fitness Raises Prices
PLNTPlanet Fitness(PLNT) 24/7 Wall Street·2024-05-10 11:10

Good News as Planet Fitness Raises Prices Andrew H. Walker / Getty Images Gym outlet Planet Fitness Inc. (NYSE: PLNT) posted strong numbers for the most recently reported quarter. Revenue rose 11.6% year over year to 248million,andsamestoresalesincreased6.2248 million, and same-store sales increased 6.2%. Earnings rose from 0.27 per share to 0.39.ThemostimportantpartoftheearningsreleasewasanewwayforPlanetFitnesstoearnmoney.AccordingtoCNN,PlanetFitnesswillraisethepriceofitsclassicmembershipfrom0.39.The most important part of the earnings release was a new way for Planet Fitness to earn money. According to CNN, “Planet Fitness will raise the price of its ‘classic’ membership from 10 a month to ...