The earnings call reflects a positive sentiment with strong growth in revenue and membership, strategic initiatives in place for future growth, and successful marketing programs. However, there are challenges in the equipment segment revenue and anticipated near-term softness in net member growth due to price increases.

Company Guidance

During the Q3 2024 earnings call for Planet Fitness (PLNT), several key metrics and strategic updates were highlighted. The company reported a 4.3% increase in same club sales, a 5.3% rise in revenue, and a 10% growth in adjusted EBITDA for the quarter, ending with approximately 19.6 million members. They also announced a strategic price increase for new classic card memberships from $10 to $15, expected to boost existing clubs' top line by a low to mid-single-digit percentage after a year. The call emphasized strategic imperatives such as redefining brand strategy, enhancing member experience, refining product offerings, and accelerating new club growth. These initiatives are supported by the company's asset-light franchise model, which since 2017 has returned over $1.3 billion to shareholders via share repurchases. The financial outlook for 2024 anticipates revenue growth of 8% to 9%, adjusted EBITDA growth of 8% to 9%, and an increase in adjusted net income and earnings per share by 8% to 9% and 11% to 12% respectively.

Revenue and Growth Metrics

Planet Fitness achieved 5.3% revenue growth and a 10% increase in adjusted EBITDA. Same club sales grew by 4.3%.

Membership Milestone

The company ended the quarter with approximately 19.6 million members.

Strategic Initiatives

A strategic focus on redefining the brand strategy, enhancing the member experience, refining product offerings, and accelerating new club growth was outlined.

Successful High School Summer Pass Program

Nearly 3 million high school students participated in the High School Summer Pass program, logging over 12 million workouts.

New Club Growth Targets

The company reiterated its target for 140 to 150 new clubs and expects revenue to grow in the 8% to 9% range.

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Planet Fitness (PLNT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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PLNT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 09, 2018	2018 (Q2)	- / 0.34	0.22	54.55% (+0.12)	―	―
Nov 06, 2018	2018 (Q3)	- / 0.28	0.19	47.37% (+0.09)	―	―
Feb 26, 2019	2018 (Q4)	- / 0.34	0.24	41.67% (+0.10)	―	―
May 02, 2019	2019 (Q1)	- / 0.35	0.27	29.63% (+0.08)	―	―
Aug 06, 2019	2019 (Q2)	- / 0.45	0.34	32.35% (+0.11)	―	―
Nov 07, 2019	2019 (Q3)	- / 0.36	0.28	28.57% (+0.08)	―	―
Feb 25, 2020	2019 (Q4)	- / 0.44	0.34	29.41% (+0.10)	―	―
May 05, 2020	2020 (Q1)	- / 0.16	0.35	-54.29% (-0.19)	―	―
Aug 04, 2020	2020 (Q2)	- / -0.32	0.45	-171.11% (-0.77)	―	―
Nov 05, 2020	2020 (Q3)	- / 0.02	0.36	-94.44% (-0.34)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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PLNT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 07, 2024	$84.65	$94.17	+11.25%
Aug 06, 2024	$72.01	$76.40	+6.10%
May 09, 2024	$61.85	$65.32	+5.61%
Feb 22, 2024	$65.86	$62.38	-5.28%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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