Financial Data and Key Metrics Changes - The company reported a net member growth of 20.8 million members by the end of 2025, with 181 new unit openings, primarily domestic franchises [3][10] - The company achieved a same-store sales growth of 6.7% for the year [9] - The Classic Card price increase from $10 to $15 has been successful, contributing to overall revenue growth [13][18] Business Line Data and Key Metrics Changes - The company optimized its club formats, with about 80% of its estate on some version of an optimized format by the end of 2025, enhancing the balance of strength and cardio equipment [5][6] - The rejoin rate for members who lapse is consistently around mid-30%, indicating strong member retention [5] Market Data and Key Metrics Changes - The company noted a slight easing in real estate availability, with vacancies improving to 4.3%-4.4%, although it does not expect a significant increase in new openings [19][21] - The company is well-positioned to capitalize on retail space becoming available due to closures in other sectors, enhancing its growth potential [21] Company Strategy and Development Direction - The company aims for 6%-7% unit growth over the planning horizon, with expectations of accelerating unit openings in 2026 [22][25] - The company is focusing on international expansion, particularly in Spain, where it plans to refranchise operations to enhance growth [33][34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the fitness industry's growth, citing increased consumer awareness and participation in fitness activities [45][46] - The company is leveraging its brand awareness and marketing strategies to attract younger demographics, particularly Gen Z [46] Other Important Information - The company is committed to maintaining a capital-light model, with 90% of its operations being franchise-based [41] - The company has initiated a $350 million accelerated share repurchase program, reflecting its commitment to returning value to shareholders [44] Q&A Session Summary Question: How did the year-end metrics perform against internal expectations? - Management expressed satisfaction with the year-end metrics, including the strong net member growth and unit openings [8][10] Question: What is the outlook for January member growth? - Management refrained from discussing January specifics but emphasized confidence in their marketing strategies and brand messaging [11] Question: How does the company plan to handle price increases for the Black Card? - Management believes the Black Card price increase to $29.99 will be well-received due to strong consumer demand and the value offered [13][18] Question: What is the sentiment among franchisees regarding growth? - Franchisee sentiment is strong, as indicated by the significant growth in domestic franchise openings and ongoing investments in equipment [23][25] Question: What are the expectations for international market expansion? - The company plans to continue its international expansion thoughtfully, focusing on strong market presence and potential franchise partnerships [33][36]

Core Viewpoint - Planet Fitness (PLNT) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive shift in earnings estimates which is a significant factor influencing stock prices [1][2]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with near-term stock price movements [3][5]. - Institutional investors utilize earnings estimates to determine the fair value of stocks, leading to buying or selling actions that affect stock prices [3]. Company Performance and Outlook - The upgrade for Planet Fitness reflects an improvement in the company's underlying business, suggesting that investor sentiment may drive the stock price higher [4]. - For the fiscal year ending December 2025, Planet Fitness is expected to earn $3.00 per share, with a 3% increase in the Zacks Consensus Estimate over the past three months [7]. Zacks Rating System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks which have averaged a +25% annual return since 1988 [6]. - The upgrade of Planet Fitness to a Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [9].

Core Viewpoint - Planet Fitness has announced a $350 million accelerated share repurchase agreement with Citibank as part of its broader $500 million share repurchase program initiated in June 2024 [1][2]. Share Repurchase Agreement - The company will pay Citibank $350 million in cash and will initially receive approximately 2.5 million shares of its Class A common stock, representing about 80% of the expected repurchase under the agreement [2]. - The final number of shares repurchased will depend on the average daily volume-weighted prices during the transaction period, subject to discounts and adjustments [2]. - The final settlement of the ASR Agreement is anticipated to occur by the first quarter of 2026 [2]. New Share Repurchase Program - The Board of Directors has authorized a new share repurchase program of up to $500 million, which will take effect upon completion of the ASR Agreement, replacing the existing 2024 program [3]. - The timing and amount of stock repurchased will be at the company's discretion, influenced by market conditions, working capital needs, stock price, and legal requirements [3]. - The company is not obligated to repurchase any specific amount of stock and can suspend or terminate the program at any time [3]. Company Overview - Planet Fitness, founded in 1992, is a leading franchisor and operator of fitness centers, with approximately 20.7 million members and 2,795 clubs across various regions including the U.S., Canada, and several other countries as of September 30, 2025 [4]. - The company's mission is to provide a high-quality fitness experience in a welcoming environment, known as the Judgement Free Zone, with over 90% of clubs operated by independent franchisees [4].

Core Insights - Planet Fitness, Inc. operates a unique business model focused on affordable and non-intimidating gym environments, leading to significant growth and numerous locations domestically and internationally [1] - The company has shown resilience in recent performance metrics, with a 2.78% gain over the past 30 days, indicating positive market sentiment, despite a 3.16% decline in the last 10 days [2] - Analysts project a stock price growth potential of 19.84%, driven by strategic initiatives to expand and enhance member engagement [3] - Financially, Planet Fitness holds a Piotroski Score of 9, indicating robust profitability, liquidity, and operational efficiency, making it attractive for value investors [4] - Analysts have set a target price of $129.60 for Planet Fitness, suggesting substantial upside potential from current trading levels [5] Performance Metrics - The stock has gained approximately 2.78% over the past 30 days, reflecting positive investor sentiment [2][6] - A decline of about 3.16% in the last 10 days may present a temporary setback and potential buying opportunity [2] Growth Potential - Estimated stock price growth potential is 19.84%, based on strategic initiatives for expansion and member engagement [3] Financial Health - Planet Fitness has a Piotroski Score of 9, indicating strong financial health and operational efficiency [4][6] Analyst Outlook - Target price set at $129.60 suggests significant growth potential and reinforces confidence in the company's future prospects [5][6]

Core Insights - Planet Fitness, Inc. (PLNT) has achieved a total return of 696% since its IPO in 2015, significantly outperforming the S&P 500, which has returned 288% during the same period [1] Company Performance - The impressive return of 696% for Planet Fitness indicates strong growth and investor confidence since going public [1] - The comparison with the S&P 500 highlights the company's superior performance relative to a major market index [1]

Core Insights - Boys & Girls Clubs of America has partnered with Planet Fitness as the official GivingTuesday match partner, allowing donors to double their contributions up to $75,000 to support youth fitness and wellness programs [1] - The partnership aims to enhance access to fitness, wellness, and mentorship resources for young people facing various challenges [1][4] Boys & Girls Clubs of America - The organization has been providing safe spaces for over 160 years, serving more than 4 million young people through 5,500 clubs across the U.S. and military installations [6] - Programs focus on academic success, character development, and healthy lifestyles, with nearly 60% of Club Kids engaging in physical activity at least five days a week [2][6] - The economic impact of Boys & Girls Clubs is significant, delivering $10.32 in economic value for every dollar invested [4] Planet Fitness - Planet Fitness has invested over $10.7 million in youth initiatives through its Judgement Free Generation® initiative, positively impacting over 500,000 young people annually [3] - The company has approximately 20.7 million members and 2,795 clubs as of September 30, 2025, making it one of the largest fitness center operators globally [7][8] - The High School Summer Pass program provided 3.7 million teens with free access to clubs, resulting in 19 million workouts and measurable confidence gains [5]

Core Insights - Planet Fitness is hosting its 2025 Investor Day to outline strategic plans for growth, modernization of member experience, and enhancing franchisee value [1][2] - The company has over 2,800 clubs and nearly 21 million members, positioning itself as a leader in the fitness sector [2][8] - The leadership emphasizes a favorable market environment for growth, including rising global fitness demand and easing real estate availability [2] Long-term Growth Outlook - Planet Fitness projects a low-double digit percent compound annual growth rate (CAGR) for revenue from fiscal years 2026 to 2028 [3] - System-wide same club sales growth is expected to be in the mid-single digit percent range [3] - New club unit growth is targeted at 6% to 7% [3] - Adjusted EBITDA is anticipated to grow at a mid-teens percent CAGR [3] - Adjusted net income per share is projected to grow at a mid-to-high teens percent CAGR [3] Strategic Imperatives - The company aims to modernize its brand while maintaining core values [4] - Enhancing member experience to foster loyalty and long-term growth is a priority [4] - Refining club floorplans and amenities to improve franchise returns is part of the strategy [4] - Accelerating global club growth by optimizing club formats is also a key focus [4]

Core Insights - So Cal Gyms, LLC has opened its 100th Planet Fitness location in the Greater Los Angeles area, specifically in the Hyde Park neighborhood, marking significant growth in the region [1][3]. Expansion and Growth - The first Planet Fitness location in Greater Los Angeles opened in Anaheim on June 1, 2010, and since then, 78 additional clubs have been established over the past 10 years, averaging approximately 8 new clubs per year [3]. - Planet Fitness has continued its expansion efforts even during uncertain times, demonstrating a commitment to providing affordable fitness options to the Los Angeles community [3]. Facility Features - The 100 Planet Fitness locations in the Greater Los Angeles area have evolved to meet consumer demands, enhancing strength training offerings and adding plate-loaded equipment [4]. - Each club averages 20,000 square feet and collectively provides access to over 300 dumbbell sets, 300 barbell sets, 6,000 cardio machines, 8,500 strength machines, and 20,200 weighted plates [4]. Membership and Amenities - The new location offers a welcoming environment for all fitness levels, with free fitness training included in every membership, as well as access to a variety of strength and cardio equipment [7]. - The PF Black Card® membership provides additional benefits, including the ability to bring a guest daily at no extra charge and access to over 2,700 Planet Fitness locations across the U.S. [8]. - New members can join the 100th club for just $1 down, with monthly fees starting at $15 or $24.99 for the PF Black Card® [8]. Company Overview - Founded in 1992, Planet Fitness is one of the largest and fastest-growing fitness center franchisors globally, with approximately 20.7 million members and 2,795 clubs as of September 30, 2025 [10]. - The company's mission focuses on enhancing lives through a high-quality fitness experience in a non-intimidating environment known as the Judgement Free Zone® [10].

Market Overview - Pre-market indexes are showing positive movement after a period of volatility, particularly since the government shutdown began in early October [1] - Among major indexes, only the small-cap Russell 2000 has been positive over the past five trading days, but it remains negative for the past month [2] Labor Market Indicators - Challenger Job Cuts for October reached 153,704, marking a +183% increase month over month and +175% year over year, indicating the worst October for job layoffs since 2009 [3] - The Chicago Fed Labor Market Indicator shows an unchanged unemployment estimate at +4.36%, with a +40% probability that this figure may be higher [4] Q3 Earnings Results - ConocoPhillips (COP) reported a +15% earnings beat with $1.61 per share, but shares are down -10% year to date [5] - AstraZeneca (AZN) had a modest earnings beat of 5 cents, with shares up +3.5% in early trading, having gained nearly +24% year to date [5] - Ralph Lauren (RL) outperformed expectations with earnings of $3.79 per share, boosting shares by +1.9% and up +37% year to date [6] - Planet Fitness (PLNT) reported earnings of 80 cents per share, exceeding expectations, and is now positive year to date with a +15.3% gain [6] - TripAdvisor (TRIP) saw a +7.9% gain after an +11% earnings beat, indicating strong consumer demand for vacations [7] - Tapestry (TPR) posted earnings of $1.38 per share, exceeding estimates, but shares are down -9% due to projected revenue slowdowns [7] - Moderna (MRNA) outperformed expectations by +76.3% with a loss of -$0.51 per share, but shares are still down more than -30% year to date [8]

Market Overview - Pre-market indexes are showing positive movement after a period of volatility since the government shutdown began in early October [1] - Major indexes have seen slight gains, with the Dow up +0.10%, S&P 500 and Nasdaq both up +0.23%, and Russell 2000 up +0.24% [2] - Bond yields have increased, with the 10-year yield at +4.13% and the 2-year yield at +3.60% [2] Labor Market Indicators - Challenger Job Cuts for October reached 153,704, marking a +183% increase month over month and +175% year over year, indicating the worst October for job layoffs since 2009 [3] - The Chicago Fed Labor Market Indicator shows an unchanged unemployment estimate at +4.36%, with a +40% probability that this figure may be higher [4] Q3 Earnings Results - ConocoPhillips (COP) reported a +15% earnings beat at $1.61 per share, though shares are down -10% year to date [5] - AstraZeneca (AZN) had a modest earnings beat of 5 cents, with shares up +3.5% in early trading, and a year-to-date gain of nearly +24% [5] - Ralph Lauren (RL) outperformed expectations with earnings of $3.79 per share, leading to a +9.86% increase in shares, which are up +37% year to date [6] - Planet Fitness (PLNT) reported earnings of 80 cents per share, exceeding expectations, and shares are up +15.3% year to date [6] - TripAdvisor (TRIP) saw a +7.9% increase in shares following an earnings beat of +11% at 65 cents per share [7] - Tapestry (TPR) reported earnings of $1.38 per share, a +10.4% surprise, but shares are down -9% despite a +60% year-to-date gain [7] - Moderna (MRNA) exceeded expectations with a +76.3% earnings surprise, reporting a loss of -$0.51 per share, and shares are up +6.5% [8]