secwatch.observer — SEC 8-K summary
======================================

Issuer:     Planet Fitness, Inc. (PLNT)
CIK:        0001637207
Form:       8-K
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0001637207-24-000014
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Planet Fitness Q4 adj EPS $0.60, revenue $285M; CFO to retire Sept 2024; store target raised to 5,000
--------------------------------------------------------------------------------

- Q4 total revenue $285.1M (+1.4% YoY); FY 2023 revenue $1.1B (+14.4% YoY).
- Q4 adj EBITDA $114.3M (+7.8%); FY adj EBITDA $435.4M (+19% YoY).
- System-wide same-store sales +7.7% in Q4, +8.7% for FY 2023; 165 new stores opened in 2023.
- CFO Tom Fitzgerald retiring effective Sept 1, 2024; retention bonus of $500k if stays through Aug 31.
- Company raises U.S. store opportunity to 5,000 (from 4,000); guides 10-11% adj EBITDA growth in 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1637207/000163720724000014/0001637207-24-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1637207/000163720724000014/plnt-20240219.htm
  HTML page:      https://secwatch.observer/filing/0001637207-24-000014

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer