earnings
confidence high
sentiment positive
materiality 0.75
Planet Fitness Q3 revenue $292.2M (+5.3% YoY); raises FY2024 outlook; new $500M buyback
Planet Fitness, Inc.
- Net income $42.0M ($0.50 diluted EPS); adjusted EPS $0.64; Adjusted EBITDA $123.1M (+10% YoY).
- System-wide same-club sales up 4.3%; 21 new clubs opened (12 franchisee, 9 corporate); total clubs 2,637.
- Initiated new $500M share repurchase program after completing prior $280M authorization.
- Appointed Jay Stasz as CFO effective November 15, 2024.
- Raised Classic Card membership price to $15 for new members (first increase in over 25 years).