Planet Fitness (PLNT) Q1 Earnings Beat, '24 Outlook Trimmed [Yahoo! Finance]
Planet Fitness, Inc. (PLNT)
Last planet fitness, inc. earnings: 2/25 04:05 pm
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investor.planetfitness.com/investors/default.aspx
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Source: Yahoo! Finance
PLNT reported first-quarter 2024 results, with earnings beating the Zacks Consensus Estimate, but revenues came in line with the same. However, both metrics increased year over year. Planet Fitness saw a membership increase of around 19.6 million. However, it encountered challenges such as shifting consumer priorities toward saving money, concerns about COVID infections and other illness. As a result, management trimmed its full-year outlook. Despite these obstacles, interim CEO Craig Benson emphasized PLNT's focus on controllable factors, like advancing the new franchisee growth model and supporting franchisees to deliver value for shareholders. The gym chain will raise the monthly price of its classic pass to $15 from $10 starting this summer. Therefore, despite a trimmed outlook, on May 9, the company's shares rose 5.6% as it revealed its first price hike in thirty years. Earnings & Revenue Discussion Adjusted net income per share reached 53 cents, surpassing the Zacks Cons
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PLNT
News
- Even a Fraud Conviction Won't Keep Nikola's Founder Away From the Company [Yahoo! Finance]Yahoo! Finance
- PLANET FITNESS' HIGH SCHOOL SUMMER PASS™ RETURNS; TEENS WORK OUT FREE JUNE 1 - AUGUST 31 [Yahoo! Finance]Yahoo! Finance
- Planet Fitness offers free summer workout pass for teens, high school students [Yahoo! Finance]Yahoo! Finance
- Planet Fitness, Inc. (NYSE: PLNT) was upgraded by analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating. They now have a $78.00 price target on the stock, up previously from $68.00.MarketBeat
- Analyst revamps Planet Fitness stock price target after membership change [Yahoo! Finance]Yahoo! Finance
PLNT
Earnings
- 5/9/24 - Beat
PLNT
Sec Filings
- 5/9/24 - Form 10-Q
- 5/9/24 - Form 8-K
- 5/6/24 - Form 8-K
- PLNT's page on the SEC website