Loading...
•
Jun 30, 2020
Planet Fitness Q2 2020 Earnings Report
Planet Fitness's financial performance significantly declined due to temporary store closures related to COVID-19.
Key Takeaways
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.
Total revenue decreased by 77.9% to $40.2 million.
Net loss was $29.2 million, or $0.36 per diluted share.
Adjusted EBITDA decreased 112.1% to a loss of $9.3 million.
21 new Planet Fitness stores were opened during the period, bringing system-wide total stores to 2,059.
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
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...