Planet Fitness Q2 revenue up 27.6% to $286.5M, same store sales +8.7%, lowers FY store growth outlook

Planet Fitness, Inc.

GAAP EPS $0.48 (diluted) vs $0.26 prior year; adjusted EPS $0.65 vs $0.37.
Total revenue $286.5M, up 27.6% YoY; system-wide same store sales +8.7%.
Opened 26 new stores in Q2, ending at 2,472 total stores system-wide.
Lowered 2023 outlook to ~140 new franchisee store equipment placements (from prior higher forecast).
Repurchased $100M of shares (1.4M shares) in Q2; cash and equivalents $418.9M.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Planet Fitness, Inc. reported second quarter ended June 30, 2023 results: revenue $286.5 million, net income $41.1 million, or $0.48 per diluted share, EPS $0.48 per diluted share. Guidance reaffirmed.

Period: second quarter ended June 30, 2023
Revenue: $286.5 million
Net income: $41.1 million, or $0.48 per diluted share
EPS: $0.48 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

quarter reflecting our strong balance sheet and confidence in the future.” Second Quarter Fiscal 2023 results • Total revenue increased from the prior year period by 27.6% to $286.5 million. • System-wide same store sales increased by 8.7%. • System-wide sales increased $128 million to $1,147 million, from $1,019 million in the prior year period. • Net income

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Source: SEC EDGAR

accession 0001637207-23-000036

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