Planet Fitness Q4 revenue growth tops estimates on new clubs, equipment sales

Reuters02-24
Planet Fitness Q4 revenue growth tops estimates on new clubs, equipment sales

Overview

  • Fitness club operator's Q4 revenue grew 10.5%, beating analyst expectations

  • Adjusted EPS for Q4 beat consensus, reaching $0.83 per share

  • Company opened 104 new clubs in Q4, expanding global footprint

Outlook

  • Planet Fitness expects 2026 revenue to increase approximately 9%

  • Company anticipates 2026 adjusted EBITDA to rise by about 10%

  • Planet Fitness projects 180 to 190 new club openings in 2026

Result Drivers

  • SAME CLUB SALES - System-wide same club sales increased 5.7%, contributing to revenue growth

  • NEW CLUB OPENINGS - Opened 104 new clubs, including 93 franchisee-owned, boosting system-wide sales

  • EQUIPMENT SALES - Higher equipment sales to franchisee-owned clubs increased equipment segment revenue by 15.3%

Company press release: ID:nPn1pC4Vya

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Revenue

Beat

$376.3 mln

$367.89 mln (15 Analysts)

Q4 Adjusted EPS

Beat

$0.83

$0.79 (15 Analysts)

Q4 EPS

$0.73

Q4 Adjusted Net Income

Beat

$69 mln

$65.63 mln (11 Analysts)

Q4 Net Income

$60.4 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "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 $130.00, about 43.3% above its February 23 closing price of $90.75

  • The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 27 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)

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