CAMP HILL, Pa., Sept. 23, 2025 (GLOBE NEWSWIRE) -- Today, several leading Planet Fitness franchise groups, including National Fitness Partners (NFP), Taymax, and TG3E, announced their month-long campaign to benefit St. Jude Children’s Research Hospital raised more than $62,700 to support the life-saving mission of St. Jude: Finding cures and saving children. This is the second year that Planet Fitness franchise groups have fundraised to support St. Jude.   During the June campaign, these franchise groups en ...

Financial Data and Key Metrics Changes - North America system-wide sales reached $465 million, up 21% year-over-year [6][24] - Total members increased to 813,000, a 15% rise year-over-year [7] - Adjusted EBITDA for 2024 was $116.2 million, up 16% from $100.3 million in the prior year [34] - The company reported a net loss of $62.5 million in Q4, compared to a net loss of $12.3 million in the prior year [33] Business Line Data and Key Metrics Changes - Franchise revenue for the quarter was $45.3 million, up 17% year-over-year, driven by increased royalty revenue [25] - Equipment revenue declined by 22% year-over-year to $12.7 million due to lower installation volumes [26] - Merchandise revenue fell 34% year-over-year to $6.1 million, attributed to lower sales volumes and price discounts [26] Market Data and Key Metrics Changes - North America run rate average unit volumes (AUVs) increased 9% to $668,000 [24] - Same store sales growth for 2024 was 7%, with Club Pilates leading at 12% [24][39] - The company ended the year with 3,233 global open studios, having opened 120 new studios in Q4 [22] Company Strategy and Development Direction - The company is focused on building a senior management team to scale operations profitably and effectively [8] - Plans to enhance international presence, particularly for Club Pilates, with leadership in Europe and Asia [12] - Emphasis on innovation and data analytics to improve operational efficiency and member experience [14][15] Management's Comments on Operating Environment and Future Outlook - Management acknowledged operational challenges and the need for foundational improvements in 2025 [18] - The company aims to build a culture of transparency and franchisee support to address legacy issues [17][84] - Future growth is expected to be more stable and sustainable, focusing on profitability rather than hyper-growth [70] Other Important Information - The company restated 2023 financial statements due to accounting errors related to inventory and compliance [20][21] - A significant increase in legal fees was noted, amounting to $18.1 million in Q4 [29] - The company anticipates a reduction in global studio closures to 5% to 7% in 2025 [42] Q&A Session Summary Question: Can you help us understand the comp performance embedded in the 2025 system sales guidance? - The expectation is for mid-single digits comp growth, with Club Pilates historically outperforming [46][47] Question: Can you provide an update on the franchise recruiting process? - A new Chief Development Officer has been hired, consolidating franchise sales, real estate, and construction under one unit [48][49] Question: What's your assessment of StretchLab regarding negative comps? - Management is actively reviewing StretchLab's model, focusing on improving labor deployment and marketing efficiency [55][56] Question: Can you clarify thoughts around studio closures? - The company is taking a conservative approach to underperforming studios, aiming for a healthier system overall [64][65] Question: What are the specific hurdle rates for assessing other brands? - Franchisee profitability is the primary focus, with a target of 20% to 25% EBITDA margin at the studio level [71][72]

Financial Data and Key Metrics Changes - North America system-wide sales reached $465 million, up 21% year-over-year [6][26] - Total members increased to 813,000, a 15% year-over-year growth [7] - Adjusted EBITDA for 2024 was $116.2 million, a 16% increase from $100.3 million in the prior year [35] - The company reported a net loss of $62.5 million in Q4, compared to a net loss of $12.3 million in the prior year [34] Business Line Data and Key Metrics Changes - Franchise revenue for Q4 was $45.3 million, up 17% year-over-year, driven by increased royalty revenue [27] - Equipment revenue declined by 22% year-over-year to $12.7 million due to lower installation volumes [28] - Merchandise revenue decreased by 34% year-over-year to $6.1 million, attributed to lower sales volumes and price discounts [28] Market Data and Key Metrics Changes - North America run rate average unit volumes (AUVs) increased by 9% to $668,000 [26] - Same store sales growth for 2024 was 7%, with Club Pilates leading at 12% [26][39] - The company ended the year with 3,233 global open studios, having opened 120 new studios in Q4 [24] Company Strategy and Development Direction - The company is focused on building a senior management team to scale operations profitably and improve franchisee support [8] - Plans to enhance international presence, particularly for Club Pilates, with leadership in Europe and Asia [12] - Emphasis on innovation and data analytics to improve operational efficiency and member experience [14][15] Management's Comments on Operating Environment and Future Outlook - Management acknowledged operational challenges and the need for foundational improvements in 2025 to support long-term growth [18] - The company aims to reduce global studio closures to low to mid-single digits as a percentage of total open studios [42] - Management expressed a commitment to transparency and addressing legacy operational issues [16][86] Other Important Information - The company restated 2023 financial statements due to material accounting errors, but believes overall financial health remains intact [21][22] - Legal expenses increased significantly due to regulatory inquiries and potential franchise legal settlements [30] - The company anticipates a capital expenditure of approximately $10 million to $12 million for 2025, focusing on technology investments [44] Q&A Session Summary Question: Can you help us understand the comp performance embedded in the 2025 system sales guidance? - The expectation is for mid-single digits comp growth, with Club Pilates historically outperforming [48] Question: Can you provide an update on the franchise recruiting process? - A new Chief Development Officer has been hired, consolidating franchise sales, real estate, and construction under one unit to improve efficiency [50] Question: What is the assessment of StretchLab regarding negative comps? - Management is actively reviewing StretchLab's model, focusing on improving labor qualification and local marketing efforts [56] Question: Can you clarify thoughts around studio closures? - The company is taking a conservative approach to underperforming studios, aiming for a healthier system overall [66] Question: What are the specific hurdle rates for assessing other brands? - Franchisee profitability is the primary focus, with a target of 20% to 25% EBITDA margin at the studio level [73]