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Dec 31, 2019
Planet Fitness Q4 2019 Earnings Report
Planet Fitness's revenue increased, driven by franchise growth and new store openings. Same-store sales also saw a solid increase.
Key Takeaways
Planet Fitness reported strong Q4 2019 results, with a 9.8% increase in total revenue to $191.5 million. System-wide same-store sales increased by 8.6%. The company opened 102 new stores during the quarter, bringing the total to 2,001. Net income attributable to Planet Fitness, Inc. was $29.7 million, or $0.36 per diluted share, while adjusted net income increased to $39.2 million, or $0.44 per diluted share. Adjusted EBITDA increased by 23.0% to $76.6 million.
Total revenue increased by 9.8% to $191.5 million.
System-wide same store sales increased 8.6%.
Net income attributable to Planet Fitness, Inc. was $29.7 million, or $0.36 per diluted share.
Opened 102 new Planet Fitness stores system-wide, reaching 2,001 total stores.
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, 2020, the Company expects total revenue to increase approximately 12%, system-wide same store sales of approximately 8%, adjusted net income to increase approximately 10%, and adjusted net income per diluted share to increase approximately 16%.
Positive Outlook
- Total revenue increase of approximately 12%
- System-wide same store sales of approximately 8%
- Adjusted net income to increase approximately 10%
- Adjusted net income per diluted share to increase approximately 16%