secwatch.observer — SEC 8-K summary
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Issuer:     Planet Fitness, Inc. (PLNT)
CIK:        0001637207
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001637207-24-000041
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Planet Fitness Q1 revenue up 11.6% to $248M, but lowers FY2024 outlook; appoints new CEO
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- Q1 revenue $248.0M (+11.6% YoY); GAAP diluted EPS $0.39, adjusted diluted EPS $0.53.
- System-wide same-store sales +6.2%; total members ~19.6M; 25 new stores opened in Q1.
- Full-year 2024 outlook lowered due to consumer savings shift, illness headwinds, and ad campaign underperformance.
- Repurchased 313,834 shares for $20.0M in Q1; cash and marketable securities $486.4M.
- Colleen Keating to become CEO in June, replacing interim CEO Craig Benson.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1637207/000163720724000041/0001637207-24-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1637207/000163720724000041/plnt-20240509.htm
  HTML page:      https://secwatch.observer/filing/0001637207-24-000041

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