Planet Fitness Q1 revenue up 19% to $222.2M, adjusted EPS $0.41 (vs $0.32)

Planet Fitness, Inc.

Total revenue $222.2M, +19.0% YoY; system-wide same-store sales +9.9%.
Net income attributable $22.7M ($0.27 diluted) vs $16.5M ($0.19).
Adjusted net income $36.4M ($0.41) vs $28.5M ($0.32); Adjusted EBITDA $90.2M vs $76.7M.
Ended Q1 with >18.1M members; highest quarterly net member growth since Q1 2020.
Reiterated 2023 growth expectations; repurchased $50M shares YTD ($25M Q1 + $25M Q2).

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 first quarter ended March 31, 2023 results: revenue $222.2 million, net income $22.7 million, EPS $0.27 per diluted share. Guidance reaffirmed.

Period: first quarter ended March 31, 2023
Revenue: $222.2 million
Net income: $22.7 million
EPS: $0.27 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

First Quarter Fiscal 2023 results • Total revenue increased from the prior year period by 19.0% to $222.2 million. • System-wide same store sales increased by 9.9%. • System-wide sales increased $147 million to $1,108 million, from $961 million in the prior year period. • Net income attributable to Planet Fitness, Inc. was $22.7 million, or $0.27 per diluted share

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Source: SEC EDGAR

accession 0001637207-23-000022

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