Planet Fitness Inc ( (PLNT) ) has released its Q4 earnings. Here is a breakdown of the information Planet Fitness Inc presented to its investors.
Planet Fitness Inc., a leading franchisor and operator of fitness clubs, is renowned for its welcoming, non-intimidating environment known as the Judgement Free Zone®. The company operates in the fitness industry with a significant presence across multiple countries.
Planet Fitness Inc. has reported a strong financial performance for the fourth quarter and the fiscal year ending December 31, 2024. The company achieved a 19.4% increase in total revenue for the fourth quarter, reaching $340.5 million, and a 10.3% increase for the full year, totaling $1.2 billion. The company also saw a net membership growth of 1 million and opened 150 new clubs in 2024.
Key financial highlights include a 5.5% increase in system-wide same club sales for the fourth quarter and a 5.0% increase for the full year. Net income attributable to Planet Fitness rose to $47.1 million for the quarter and $172.0 million for the year. Adjusted EBITDA also saw significant growth, increasing by $16.5 million in the fourth quarter and $52.3 million for the fiscal year. The company ended the year with $529.5 million in cash and marketable securities.
Looking ahead, Planet Fitness is optimistic about its growth prospects. The company plans to open 160 to 170 new clubs in 2025 and expects revenue and adjusted EBITDA to increase by approximately 10%. With a focus on enhancing member experience and expanding its club network, Planet Fitness aims to strengthen its industry-leading position and deliver increased shareholder value.