Overview
Planet Fitness Q2 revenue rises 13.3% to $340.9 mln, beating expectations
Adjusted net income for Q2 increases to $72.6 mln, surpassing estimates
Co maintains full-year 2025 growth outlook amid economic variability
Outlook
Company expects 2025 revenue to increase around 10%
Planet Fitness anticipates 160 to 170 new club openings in 2025
Company projects 2025 same club sales growth of about 6%
Planet Fitness sees 2025 adjusted EBITDA rising 10%
Result Drivers
SAME CLUB SALES - System-wide same club sales increased 8.2%, contributing significantly to revenue growth
FRANCHISE SEGMENT - Franchise revenue rose 11% due to higher royalty revenue and new club openings
EQUIPMENT SALES - Equipment segment revenue surged 21.5% driven by higher sales to franchisee-owned clubs
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$340.90 mln
$329.90 mln (14 Analysts)
Q2 Adjusted Net Income
Beat
$72.60 mln
$66 mln (12 Analysts)
Q2 Net Income
$58 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the leisure & recreation peer group is "buy"
Wall Street's median 12-month price target for Planet Fitness Inc is $112.00, about 2.4% above its August 5 closing price of $109.27
The stock recently traded at 34 times the next 12-month earnings vs. a P/E of 31 three months ago
Press Release: ID:nPnbjBJ3Qa
(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.)