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Sep 30, 2021
Planet Fitness Q3 2021 Earnings Report
Planet Fitness returned to positive system-wide same store sales growth and achieved highest sequential net member growth of any third quarter in company history.
Key Takeaways
Planet Fitness, Inc. reported strong Q3 2021 results with a 46.4% increase in total revenue to $154.3 million and a return to positive system-wide same store sales growth of 7.2%. Net income attributable to Planet Fitness, Inc. was $17.4 million, or $0.21 per diluted share, compared to a loss of $3.1 million in the prior year period.
Total revenue increased from the prior year period by 46.4% to $154.3 million.
System-wide same store sales increased 7.2%.
Net income attributable to Planet Fitness, Inc. was $17.4 million, or $0.21 per diluted share, compared to a loss of $3.1 million, or $0.04 per diluted share, in the prior year period.
Adjusted EBITDA increased $30.2 million to $62.2 million from $32.0 million in the prior year period.
Planet Fitness
Planet Fitness
Planet Fitness Revenue by Segment
Revenue by Segment
Franchise Segment Revenue
CapyFin.comCorporate-owned Clubs Segment Revenue
CapyFin.comEquipment Segment Revenue
CapyFin.com Forward Guidance
For the year ending December 31, 2021, the Company is raising its full year outlook, assuming no significant worsening of the COVID-19 pandemic.
Positive Outlook
- New store openings in the 110-120 range
- Full-year revenue will be between $570 million and $580 million
- Selling, General & Administrative expenses will be in the low-to-mid $90 million dollar range
- Adjusted EBITDA will be between $210 million and $220 million
- Adjusted net income per share, diluted, will be between $0.75 and $0.80