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Mar 31
Planet Fitness Q1 2025 Earnings Report
Reported financial results for its first quarter ended March 31, 2025
Key Takeaways
Planet Fitness reported a strong first quarter for 2025, with total revenue increasing by 11.5% and system-wide same club sales growing by 6.1%. The company also saw an increase in total membership and adjusted EBITDA, while repurchasing $50.0 million in shares.
Total revenue increased by 11.5% to $276.7 million compared to the prior year period.
System-wide same club sales increased by 6.1%.
Ended the quarter with approximately 20.6 million total members.
Adjusted EBITDA increased by $10.7 million to $117.0 million.
Planet Fitness
Planet Fitness
Planet Fitness Revenue by Segment
Forward Guidance
The company is reiterating its full-year 2025 guidance expectations, anticipating continued growth in system-wide same club sales, revenue, adjusted EBITDA, and adjusted net income per share.
Positive Outlook
- Expects system-wide same club sales growth in the 5% to 6% range.
- Expects revenue to increase approximately 10%.
- Expects adjusted EBITDA to increase approximately 10%.
- Expects adjusted net income to increase in the 8% to 9% range.
- Expects adjusted net income per share, diluted to increase in the 11% to 12% range.
Challenges Ahead
- Net interest expense is expected to be approximately $86.0 million.
- Capital expenditures are expected to increase approximately 20%.
- Depreciation and amortization is expected to remain flat compared to 2024.
- Guidance does not include estimates or assumptions regarding the impact of potential tariffs beyond existing regulations.
- Uncertainty regarding the amount or nature of all items that will be included in GAAP net income and net income per share for the full year.