Planet Fitness gains after Q3 earnings beat

Planet Fitness

07/11/2024 20:20

** Shares of Planet Fitness  PLNT.N  rise ~11% to $93.84 on
Thurs after the gym operator reported quarterly results that
beat analyst expectations
    ** PLNT is on track for highest close since Nov. 2021 and
biggest daily pct gain since Nov. 2023
    ** Earlier on Thurs, PLNT reported rev rose ~5% to $292.25
mln and EPS rose ~8% to 64 cents; analysts had expected $285.25
mln and 58 cents, per LSEG data
    ** PLNT also announced the appointment of Jay Stasz as CFO,
effective Nov. 15
    ** Among the 18 analysts who cover PLNT, median PT is $90
and avg rating is "buy", per LSEG data
    **  PLNT is up ~28% YTD with today's move

 (Reporting by Chibuike Oguh in New York)
 ((Chibuike.Oguh@thomsonreuters.com; +332-219-1834; Reuters
Messaging: chibuike.oguh.thomsonreuters.com@reuters.net))