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Mar 31, 2020
Planet Fitness Q1 2020 Earnings Report
Planet Fitness experienced a revenue decrease of 14.5% and a net income decrease of 67.2% due to COVID-19 related store closures.
Key Takeaways
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.
Total revenue decreased by 14.5% to $127.2 million.
System-wide same store sales increased 9.8%.
Net income attributable to Planet Fitness, Inc. was $8.6 million, or $0.11 per diluted share.
39 new Planet Fitness stores were opened during the period, bringing system-wide total stores to 2,039 as of March 31, 2020.
Revenue by Segment
Forward Guidance
The Company previously withdrew guidance as a result of uncertainty due to the COVID-19 pandemic and is not providing an update at this time.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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