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Dec 31, 2022
Planet Fitness Q4 2022 Earnings Report
Planet Fitness reported strong Q4 2022 results, marked by significant revenue growth and membership increases.
Key Takeaways
Planet Fitness, Inc. announced its Q4 and year-end 2022 results, showcasing a 53.2% increase in total revenue to $281.3 million for the quarter. The company also reported a 9.0% increase in system-wide same-store sales and ended the year with approximately 17.0 million members.
Total revenue increased by 53.2% to $281.3 million.
System-wide same store sales increased by 9.0%.
Net income attributable to Planet Fitness, Inc. was $33.7 million, or $0.40 per diluted share.
58 new Planet Fitness stores were opened system-wide.
Revenue by Segment
Forward Guidance
For the year ending December 31, 2023, Planet Fitness expects revenue to increase in the 13% to 14% range and adjusted EBITDA to increase in the 17% to 18% range.
Positive Outlook
- New equipment placements of approximately 160 in franchisee-owned locations
- System-wide same store sales in the high single-digit percentage range
- Revenue to increase in the 13% to 14% range
- Adjusted EBITDA to increase in the 17% to 18% range
- Adjusted net income to increase in the 30% to 33% range
Challenges Ahead
- Assumes no material resurgence of COVID-19
- Assumes no significant new supply chain disruptions
- Net interest expense to be approximately $75 million
- Capital expenditures to increase to the mid-30% range
Historical Earnings Impact
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Avg. Return Before/After Earnings
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