Planet Fitness Earnings Reports

Planet Fitness delivered solid fourth-quarter results, with revenue growing 19.4% year-over-year to $340.5 million. Net income increased to $47.1 million, while adjusted net income rose to $59.7 million. The company expanded its footprint with 86 new club openings, bringing total locations to 2,722. Equipment segment revenue saw the highest growth at 49.2%, reflecting strong demand for fitness upgrades.

Planet Fitness announced its Q3 2024 results, showcasing a 5.3% increase in total revenue to $292.2 million and a 10% increase in Adjusted EBITDA to $123.1 million. Net income attributable to Planet Fitness, Inc. was $42.0 million, or $0.50 per diluted share. The company also raised its outlook for 2024 revenue and Adjusted EBITDA and initiated a new $500 million share repurchase program.

Planet Fitness reported a 5.1% increase in total revenue to $300.9 million and a 4.2% increase in system-wide same store sales. Net income attributable to Planet Fitness, Inc. was $48.6 million, or $0.56 per diluted share, while Adjusted EBITDA increased to $127.5 million.

Planet Fitness announced its Q1 2024 results, revealing a revenue increase of 11.6% to $248.0 million. System-wide same store sales grew by 6.2%. The company is lowering its outlook for the full year due to headwinds including a shift in consumer focus to savings, concerns over increased COVID infections, and a national advertising campaign that did not resonate as anticipated.

Planet Fitness announced its Q4 and year-end 2023 results, highlighting a 1.4% increase in total revenue to $285.1 million for the quarter and a 7.7% increase in system-wide same store sales. The company's adjusted EBITDA increased by 7.8% to $114.3 million. They also provided guidance for 2024, projecting revenue growth and adjusted EBITDA increase.

Planet Fitness reported a 13.6% increase in total revenue to $277.6 million, driven by an 8.4% increase in system-wide same-store sales and the opening of 26 new stores. The company ended the quarter with over 18.5 million members. Net income attributable to Planet Fitness, Inc. was $39.1 million, or $0.46 per diluted share.

Planet Fitness, Inc. reported a strong second quarter in 2023, marked by a 27.6% increase in total revenue to $286.5 million. System-wide same store sales increased by 8.7%. The company opened 26 new Planet Fitness stores and repurchased $100 million in shares during the quarter.

Planet Fitness announced strong first-quarter results, with total revenue increasing by 19.0% to $222.2 million. System-wide same-store sales grew by 9.9%, and the company ended the quarter with over 18.1 million members. The company repurchased $25 million in shares in the first quarter and an additional $25 million in the second quarter.

Planet Fitness, Inc. announced its Q4 and year-end 2022 results, showcasing a 53.2% increase in total revenue to $281.3 million for the quarter. The company also reported a 9.0% increase in system-wide same-store sales and ended the year with approximately 17.0 million members.

Planet Fitness, Inc. reported a 58.4% increase in total revenue to $244.4 million, driven by system-wide same store sales growth of 8.2%. The company ended the quarter with over 16.6 million members. They also updated their 2022 revenue, Adjusted EBITDA, and Adjusted net income growth expectations.

Planet Fitness, Inc. announced its second quarter 2022 financial results, highlighted by a 63.5% increase in total revenue to $224.4 million compared to the prior year period. System-wide same store sales increased by 13.6%, and the company ended the quarter with over 16.5 million members. Net income attributable to Planet Fitness, Inc. was $22.3 million, or $0.26 per diluted share.

Planet Fitness, Inc. reported a 37.3% increase in total revenue to $183.6 million for the fourth quarter ended December 31, 2021. System-wide same-store sales increased by 12.3%. The company ended the year with 15.2 million members and opened 62 new stores during the quarter.

Planet Fitness, Inc. reported strong Q3 2021 results with a 46.4% increase in total revenue to $154.3 million and a return to positive system-wide same store sales growth of 7.2%. Net income attributable to Planet Fitness, Inc. was $17.4 million, or $0.21 per diluted share, compared to a loss of $3.1 million in the prior year period.

Planet Fitness, Inc. reported a strong second quarter in 2021, with a 241.1% increase in total revenue to $137.3 million. The company achieved a net income of $14.0 million, a significant turnaround from the previous year's net loss of $29.2 million. The adjusted EBITDA also saw a substantial increase, reaching $55.6 million. The company opened 24 new stores, bringing the total to 2,170, and ended the quarter with over 14.8 million members.

Planet Fitness, Inc. reported a 12.1% decrease in total revenue to $111.9 million for the first quarter of 2021, with net income attributable to Planet Fitness, Inc. at $5.6 million, or $0.07 per diluted share. The company ended the quarter with 14.1 million members and opened 22 new stores. While facing challenges from the COVID-19 pandemic, the company saw sequential net member growth each month of the quarter and anticipates a volatile operating environment in the near term.

Planet Fitness reported a decrease in total revenue by 30.1% to $133.8 million, system-wide same store sales decreased 10.6%. Net income attributable to Planet Fitness, Inc. was $8.7 million, or $0.11 per diluted share. The company opened 41 new Planet Fitness stores during the period, bringing the total to 2,124 stores as of December 31, 2020.

Planet Fitness reported a 36.8% decrease in total revenue to $105.4 million compared to the prior year period. The company experienced a net loss of $3.1 million, or $0.04 per diluted share, and adjusted EBITDA decreased by 51.3% to $32.0 million. Despite these challenges, Planet Fitness saw positive momentum in membership joins and usage rates due to national marketing efforts.

Planet Fitness, Inc. reported a significant decrease in revenue and profitability for the second quarter of 2020 due to the temporary closure of all Planet Fitness stores in mid-March in response to the pandemic. Total revenue decreased by 77.9% to $40.2 million, and the company experienced a net loss of $29.2 million, or $0.36 per diluted share.

Planet Fitness, Inc. reported a decrease in total revenue by 14.5% to $127.2 million for the first quarter ended March 31, 2020, compared to the prior year period. Net income attributable to Planet Fitness, Inc. was $8.6 million, or $0.11 per diluted share, compared to $27.4 million, or $0.32 per diluted share in the prior year period. The company opened 39 new Planet Fitness stores during the period.

Planet Fitness reported strong Q4 2019 results, with a 9.8% increase in total revenue to $191.5 million. System-wide same-store sales increased by 8.6%. The company opened 102 new stores during the quarter, bringing the total to 2,001. Net income attributable to Planet Fitness, Inc. was $29.7 million, or $0.36 per diluted share, while adjusted net income increased to $39.2 million, or $0.44 per diluted share. Adjusted EBITDA increased by 23.0% to $76.6 million.