Planet Fitness Stock Climbs on Stronger-Than-Expected Profit

Dow Jones08-06

Planet Fitness Inc.'s stock (PLNT) rose 11% in premarket trading Tuesday after the fitness chain topped analyst estimates for adjusted profit and revenue, as its profit climbed 18%.

Planet Fitness said its second-quarter net income rose to $48.64 million, or 56 cents a share, from $41.14 million, or 48 cents a share, in the year-ago quarter. The gym operator's adjusted profit of 71 cents a share beat the FactSet consensus estimate of 60 cents a share. Revenue increased by 5% to $300.94 million from $286.4 million in the year-ago quarter and came in well ahead of the $288.6 million estimate by Wall Street analysts.

Chief Executive Colleen Keating, who took up the job in June, said the company got a boost from the "unique strength of our asset-light, highly franchised business model." During the quarter, the company refinanced some of its debt and OK'd a $280 million accelerated share buyback effort. Planet Fitness stock is down 1.4% so far in 2024, compared with an 8.7% rise by the S&P 500.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2457201289?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-08-06 19:15","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2457201289","market":"hk","top_or_hot":-1,"title":"Planet Fitness Stock Climbs on Stronger-Than-Expected Profit","media":"Dow Jones","content":"<p><a href=\"https://laohu8.com/S/PLNT\">Planet Fitness Inc</a>.'s stock (PLNT) rose 11% in premarket trading Tuesday after the fitness chain topped analyst estimates for adjusted profit and revenue, as its profit climbed 18%. </p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d3557c8102aec0e1924b38cdbeeb5680\" tg-width=\"409\" tg-height=\"395\"></p><p>Planet Fitness said its second-quarter net income rose to $48.64 million, or 56 cents a share, from $41.14 million, or 48 cents a share, in the year-ago quarter. The gym operator's adjusted profit of 71 cents a share beat the FactSet consensus estimate of 60 cents a share. Revenue increased by 5% to $300.94 million from $286.4 million in the year-ago quarter and came in well ahead of the $288.6 million estimate by Wall Street analysts. </p><p>Chief Executive Colleen Keating, who took up the job in June, said the company got a boost from the \"unique strength of our asset-light, highly franchised business model.\" During the quarter, the company refinanced some of its debt and OK'd a $280 million accelerated share buyback effort. Planet Fitness stock is down 1.4% so far in 2024, compared with an 8.7% rise by the S&amp;P 500.</p><p></p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Planet Fitness Stock Climbs on Stronger-Than-Expected Profit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPlanet Fitness Stock Climbs on Stronger-Than-Expected Profit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-06 19:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Planet Fitness Inc.'s stock (PLNT) rose 11% in premarket trading Tuesday after the fitness chain topped analyst estimates for adjusted profit and revenue, as its profit climbed 18%. Planet Fitness ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1923622614.USD","symbol_name":"Natixis Thematics Meta R/A USD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2457201289","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2457201289","pubTimestamp":1722942945,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Planet Fitness Inc.'s stock  rose in premarket trading Tuesday after  the fitness chain topped analyst estimates for adjusted profit and revenue, as its profit climbed 18%. Planet Fitness said its second-quarter net income rose to $48.64 million, or 56 cents a share, from $41.14 million, or 48 cents a share, in the year-ago quarter. The gym operator's adjusted profit of 71 cents a share beat the FactSet consensus estimate of 60 cents a share. Revenue increased by 5% to $300.94 million from $286.4 million in the year-ago quarter and came in well ahead of the $288.6 million estimate by Wall Street analysts.  Chief Executive Colleen Keating, who took up the job in June, said the company got a boost from the \"unique strength of our asset-light, highly franchised business model.\" During the quarter, the company refinanced some of its debt and OK'd a $280 million accelerated share buyback effort. Planet Fitness stock is down 1.4% so far in 2024, compared with an 8.7% rise by the S&P 500.This","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1923622614.USD":"Natixis Thematics Meta R/A USD","LU2125909593.SGD":"Natixis Thematics Meta R/A SGD","PLNT":"Planet Fitness Inc","LU2210150020.SGD":"Natixis Thematics Subscription Economy R/A SGD","BK4216":"消闲设施","LU2210149790.SGD":"Natixis Thematics Subscription Economy R/A SGD-H","LU2095319765.USD":"Natixis Thematics Subscription Economy R/A USD","LU2211815571.USD":"ALLIANZ POSITIVE CHANGE \"AT\" (USD) ACC","LU0266013472.USD":"AXA WF - Framlington Longevity Economy A Cap USD","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","LU0053671581.USD":"摩根大通美国小盘成长股 A(dist)","LU2125909247.SGD":"Natixis Thematics Meta H-R/A SGD"},"translate_title":"Planet Fitness股价因利润强于预期而攀升","themeId":"c0d77e622a6742cf8335299f8317b4b4","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PLNT":1},"content_text":"Planet Fitness Inc.'s stock (PLNT) rose 11% in premarket trading Tuesday after the fitness chain topped analyst estimates for adjusted profit and revenue, as its profit climbed 18%. Planet Fitness said its second-quarter net income rose to $48.64 million, or 56 cents a share, from $41.14 million, or 48 cents a share, in the year-ago quarter. The gym operator's adjusted profit of 71 cents a share beat the FactSet consensus estimate of 60 cents a share. Revenue increased by 5% to $300.94 million from $286.4 million in the year-ago quarter and came in well ahead of the $288.6 million estimate by Wall Street analysts. Chief Executive Colleen Keating, who took up the job in June, said the company got a boost from the \"unique strength of our asset-light, highly franchised business model.\" During the quarter, the company refinanced some of its debt and OK'd a $280 million accelerated share buyback effort. Planet Fitness stock is down 1.4% so far in 2024, compared with an 8.7% rise by the S&P 500.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2457201289"}