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Sep 30, 2020
Planet Fitness Q3 2020 Earnings Report
Planet Fitness's Q3 2020 results were announced, revealing a decrease in total revenue and a net loss, but positive momentum in membership joins and usage rates.
Key Takeaways
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.
Total revenue decreased by 36.8% to $105.4 million.
System wide same store sales decreased 5.6%.
Net loss was $3.1 million, or $0.04 per diluted share.
Adjusted EBITDA decreased 51.3% to $32.0 million.
Revenue by Segment
Forward Guidance
Planet Fitness withdrew its full year 2020 guidance due to the uncertainty caused by 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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