Planet Fitness Q4 2019 Earnings Report
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
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%