secwatch.observer — SEC 8-K summary
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Issuer:     Planet Fitness, Inc. (PLNT)
CIK:        0001637207
Form:       8-K/A
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0001637207-24-000016
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Planet Fitness amends 2024 outlook to 5%-6% SSS growth; CFO to retire
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- 2024 system-wide same-store sales growth guidance corrected to 5%-6% range from previously stated 'high single digits'.
- CFO Tom Fitzgerald to retire effective Sept 1, 2024; retention bonus of $500k if stays through Aug 31, 2024.
- Q4 2023 revenue $285.1M (+1.4% YoY); adjusted EPS $0.60 vs $0.53 prior year.
- FY2023 revenue $1.1B (+14.4% YoY); adjusted EBITDA $435.4M (+19% YoY).
- System-wide stores 2,575 at year-end; 165 new stores opened in 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1637207/000163720724000016/0001637207-24-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1637207/000163720724000016/plnt-20240219.htm
  HTML page:      https://secwatch.observer/filing/0001637207-24-000016

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