Planet Fitness Q2 revenue up 5.1% to $300.9M; CFO Tom Fitzgerald to depart by end of 2024

Planet Fitness, Inc.

Revenue $300.9M (+5.1% YoY); system-wide same-store sales +4.2%.
Diluted EPS $0.56 (GAAP), adjusted $0.71; adjusted EBITDA $127.5M.
CFO Tom Fitzgerald will leave by Dec 31, 2024, serve as consultant through Mar 2025 at $10k/month.
Completed $800M refinancing; executed $280M accelerated share repurchase in Q2.
Opened 18 new stores (17 franchisee-owned); total 2,617 system-wide stores.

item 2.02 item 5.02 item 9.01

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Departed

Tom Fitzgerald

Chief Financial Officer

PLNT · Planet Fitness, Inc.

Effective: 2024-12-31
Filed: August 6, 2024, 7:59 PM ET

the Company entered into a transition agreement (the “Transition Agreement”) and a consulting agreement (the “Consulting Agreement”) with the Company’s Chief Financial Officer, Tom Fitzgerald, in order to provide the Company additional time to identify, retain and onboard its next Chief Financial Officer.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Tom Fitzgerald departed as Chief Financial Officer at Planet Fitness, Inc..

Action: departure
Role: Chief Financial Officer

Exact text from the filing

the Company entered into a transition agreement (the “Transition Agreement”) and a consulting agreement (the “Consulting Agreement”) with the Company’s Chief Financial Officer, Tom Fitzgerald, in order to provide the Company additional time to identify, retain and onboard its next Chief Financial Officer.

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Planet Fitness, Inc. filing history →

Source: SEC EDGAR

accession 0001637207-24-000066

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