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Dec 31, 2024
Planet Fitness Q4 2024 Earnings Report
Planet Fitness reported strong Q4 2024 earnings with 19.4% revenue growth and significant membership expansion.
Key Takeaways
Planet Fitness delivered solid fourth-quarter results, with revenue growing 19.4% year-over-year to $340.5 million. Net income increased to $47.1 million, while adjusted net income rose to $59.7 million. The company expanded its footprint with 86 new club openings, bringing total locations to 2,722. Equipment segment revenue saw the highest growth at 49.2%, reflecting strong demand for fitness upgrades.
Total revenue increased 19.4% to $340.5 million, driven by franchise and equipment sales growth.
Net income attributable to Planet Fitness rose to $47.1 million, or $0.56 per diluted share.
Adjusted EBITDA grew 14.4% to $130.8 million, highlighting operational efficiency.
86 new clubs opened in Q4, contributing to a total of 2,722 locations worldwide.
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
Planet Fitness expects continued growth in 2025, with projected revenue increasing by 10% and system-wide same-club sales growing 5-6%.
Positive Outlook
- Revenue expected to grow by approximately 10% in FY 2025.
- System-wide same-club sales projected to increase 5-6%.
- Adjusted EBITDA anticipated to rise by 10%.
- 160-170 new club openings planned for the year.
- Expansion in high-margin equipment sales supporting profitability.
Challenges Ahead
- Higher capital expenditures expected to increase by 25%.
- Net interest expense projected at approximately $86 million.
- Potential macroeconomic headwinds may impact discretionary spending.
- Increased operational costs from corporate-owned club expansion.
- Competitive pressure in the fitness industry remains a challenge.