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Mar 31, 2021
Planet Fitness Q1 2021 Earnings Report
Planet Fitness reported first quarter results, showing a decrease in total revenue and net income compared to the prior year, but highlighted sequential net member growth and strategic partnerships.
Key Takeaways
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.
Total revenue decreased by 12.1% year-over-year to $111.9 million.
System-wide same-store sales decreased by 14.9%.
Net income attributable to Planet Fitness, Inc. was $5.6 million, or $0.07 per diluted share.
The company opened 22 new Planet Fitness stores, bringing the system-wide total to 2,146.
Revenue by Segment
Forward Guidance
Due to the uncertainty surrounding the COVID-19 pandemic, the Company is not providing a 2021 full year outlook at this time.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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