Planet Fitness reports Q2 adjusted EPS 71c, consensus 66c

Reports Q2 revenue $300.94M, consensus $288.22M. System-wide same store sales increased 4.2%. “Since I stepped into the CEO role in June, I have become even more confident and excited about my decision to join such an iconic brand, supported by a strong foundation and team, a solid base of approximately 100 franchisees, and approximately 19.7 million members,” said Colleen Keating, Chief Executive Officer. “During the quarter, we continued to demonstrate the unique strength of our asset-light, highly franchised business model by refinancing a portion of our debt and entering a $280 million accelerated share repurchase program as we strive to deliver enhanced shareholder value.”