Planet Fitness, Inc.
91.50-2.15 (-2.3%)
Oct 29, 4:00:02 PM EDT · NYSE · PLNT · USD
Key Stats
Market Cap
7.71BP/E (TTM)
40.85Basic EPS (TTM)
2.24Dividend Yield
0%Recent Filings
10-Q
Q2 FY2025 results
Planet Fitness posted solid Q2 results, with revenue climbing 13.3% year-over-year to $340.9M, fueled by franchise royalties up 10.5% and equipment sales surging 21.5% on stronger demand from existing clubs. Operating income rose 17.2% to $102.4M, while diluted EPS held steady at $0.69 amid share repurchases, reconciling neatly with 84.1M weighted shares. Cash from operations hit $177.9M year-to-date, yielding free cash flow of $119.1M after $58.8M capex (derived), bolstering $335.7M in cash against $2.2B debt at blended rates. A minor acquisition in Spain added three clubs and $70K goodwill in Q2. Yet franchisee bankruptcies could crimp expansion.
8-K
Q2 revenue surges 13.3%
Planet Fitness reported Q2 2025 revenue up 13.3% to $340.9 million, fueled by 8.2% system-wide same-club sales growth and 23 new clubs, pushing membership to 20.8 million. Adjusted EBITDA climbed 15.8% to $147.6 million, while net income rose to $58.0 million. The company signed to sell eight California corporate clubs to a franchisee, closing in Q3 to bolster its asset-light model. It narrowed 2025 same-club sales guidance to 6% yet holds steady on 10% revenue and Adjusted EBITDA growth. Strong demand persists.
8-K
Governance reforms approved
Planet Fitness stockholders overwhelmingly approved key governance updates at the May 6, 2025 annual meeting, including the 2025 Omnibus Incentive Plan and charter amendments eliminating supermajority voting requirements, removing obsolete provisions, and capping liability for certain officers—effective May 8. These shifts enhance board flexibility while attracting talent through equity incentives. Voters rejected an EEO-1 disclosure push. Governance just got nimbler.
8-K
Planet Fitness Q1 surge and 2025 plans
Planet Fitness unveiled its May 2025 investor presentation, spotlighting Q1 results with 20.6 million members, 6.1% same-club sales growth, 11.5% revenue increase, and 10.1% adjusted EBITDA growth at a 42.3% margin. The company outlined strategic imperatives to redefine branding, enhance member experiences via app workouts and perks, refine equipment mixes toward strength training, and accelerate openings under a new low-cost franchise model. New clubs will expand to 5,000 U.S. locations. 2025 guidance projects 10% revenue and adjusted EBITDA growth, with 160-170 new clubs. Yet leverage holds steady at 4.6x.
10-Q
Q1 FY2025 results
Planet Fitness kicked off 2025 with solid momentum, posting $276.7 million in total revenue for Q1 ended March 31—a 11.5% jump year-over-year, driven by franchise royalties up 10.7% to $93.2 million on 6.2% same-club sales growth and 16 new franchise openings, while corporate-owned clubs added 9.2% to $133.7 million amid 5.1% same-club gains and three fresh locations. Operating income climbed 20.3% to $79.2 million, with diluted EPS steady at $0.50 on 84.4 million shares (reconciled), though net income trailed operating by $37.1 million mainly from $26.2 million interest expense (up 22.2% y/y on higher debt rates). Cash swelled to $343.9 million, bolstered by $133.9 million operating cash flow, while free cash flow hit $110.9 million after $23.1 million capex; total debt stood at $2.2 billion with $75 million undrawn revolver. A minor acquisition in Spain added three clubs and $70,000 goodwill in Q1. Yet franchisee bankruptcies could crimp expansion.
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