---
schema_version: "secwatch.filing_event.v1"
accession: "0001637207-24-000059"
form_type: "8-K"
ticker: "PLNT"
cik: "0001637207"
company_name: "Planet Fitness, Inc."
filed_at: "2024-06-13T23:59:59+00:00"
generated_at: "2026-06-01T04:37:36.943865+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Planet Fitness launches $280M ASR, updates 2024 guidance: adj. net income growth now 4-6% (previously 6-8%)

## Summary
- Entered $280M ASR with Citibank; will initially receive ~3.1M shares (~80% of expected total).
- Board authorized new $500M repurchase program effective after ASR completion, replacing prior authorization.
- Adjusted net income growth guidance lowered to 4-6% from 6-8%; adjusted EPS growth unchanged at 7-9% due to buyback.
- 2024 net interest expense expected ~$75M (up from $70M) due to debt refinancing.
- Final settlement of ASR expected no later than Q3 2024.

## SEC filing metadata
- accession: 0001637207-24-000059
- form_type: 8-K
- ticker: PLNT
- cik: 0001637207
- company_name: Planet Fitness, Inc.
- filed_at: 2024-06-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1637207/000163720724000059/0001637207-24-000059-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1637207/000163720724000059/plnt-20240612.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001637207-24-000059
- JSON: https://secwatch.observer/filing/0001637207-24-000059.json
- Plain text: https://secwatch.observer/filing/0001637207-24-000059.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.