Planet Fitness falls after forecasting annual comparable sales, profit below expectations

Planet Fitness

25/02/2025 15:26

Updates

** Shares of gym chain Planet Fitness PLNT.N down 8% at $91.2, their highest percentage loss since September 2023

** Co forecasts annual system-wide same-store-sales to grow in range of 5%-6%, below analysts' expectations of 6.5% growth, according to data compiled by LSEG

** Co expects annual adjusted net income to grow between 8% and 9%, below expectations of 14% increase

** Adjusted net income per share diluted to increase in range of 11%-12%, below expectations of 16.9% growth

** PLNT stock rose 35.4% in 2024

 (Reporting by Aamir Sohail in Bengaluru)

 ((Aamir.Sohail@thomsonreuters.com;))