Planet Fitness Q3 revenue up 58.4% to $244.4M; record 16.6M members; new $500M buyback

Planet Fitness, Inc.

Revenue $244.4M (+58.4% YoY); system-wide same-store sales +8.2%; record membership over 16.6M.
Adjusted net income $38.2M ($0.42 diluted EPS) vs $21.7M ($0.25) in prior year; Adjusted EBITDA $93.9M vs $61.7M.
Opened 29 new stores; total system-wide stores 2,353 at quarter-end.
Board authorized new $500M share repurchase program; Q3 repurchases of $50M (831K shares).
Raised full-year 2022 guidance for revenue, adjusted EBITDA, and adjusted net income.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Planet Fitness, Inc. reported the quarter ended September 30, 2022 results: revenue $244.4 million, net income $26.9 million, EPS $0.32 per diluted share. Guidance raised.

Period: the quarter ended September 30, 2022
Revenue: $244.4 million
Net income: $26.9 million
EPS: $0.32 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

Third Quarter Fiscal 2022 results • Total revenue increased from the prior year period by 58.4% to $244.4 million. • System-wide same store sales increased 8.2%. • System-wide sales increased $98 million to $968 million, from $870 million in the prior year period. • Net income attributable to Planet Fitness, Inc. was $26.9 million, or $0.32 per diluted share, compared to $17.4 million, or $0.21 per diluted share, in the prior year period.

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Source: SEC EDGAR

accession 0001637207-22-000050

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