Planet Fitness beats Q1 revenue, profit expectations

Planet Fitness

07/05/2026 11:39

Overview

U.S. fitness center operator's Q1 revenue rose 21.9%, beating analyst expectations

Adjusted net income and EPS beat analyst expectations

Company lowered 2026 outlook for revenue and adjusted net income growth due to slower member growth

Outlook

Company now sees 2026 system-wide same club sales growth of about 1%, down from 4%-5%

Planet Fitness expects 2026 revenue to rise about 7%, down from prior 9% forecast

Company expects 2026 adjusted EBITDA to increase about 6%, previously 10%

Result Drivers

EQUIPMENT SALES - Higher equipment sales to existing and new franchisee-owned clubs drove equipment segment revenue growth

SAME CLUB SALES - Same club sales increased 3.5%, contributing to higher franchise and corporate-owned club revenues

SLOWER MEMBER GROWTH - Net member growth was slower than expected due to internal and external headwinds during the peak sign-up period, leading to a pause in planned price increases and a shift in marketing focus, per CEO Colleen Keating

Company press release: ID:nPn8ws23sa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$337.20 mln
$299.32 mln (17 Analysts)
Q1 Adjusted EPS
Beat
$0.74
$0.63 (17 Analysts)
Q1 Adjusted Net Income
Beat
$59.40 mln
$50.28 mln (14 Analysts)
Q1 Net Income
$51.60 mln


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)