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Planet Fitness (CH:3PL)
:3PL
Earnings Data
Report Date
―TBA Not Confirmed
Period Ending
―Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Strong Buy
Based on 14 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: ―
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Neutral
Planet Fitness demonstrated strong revenue and membership growth in 2024, supported by strategic price increases and successful international expansion. However, challenges remain in achieving higher club opening targets and maintaining adjusted EBITDA margins. The company's efforts to lay a foundation for sustainable growth are evident, but some metrics indicate room for improvement.Company Guidance
In the Q4 2024 earnings call, Planet Fitness provided robust guidance and performance metrics. The company achieved a 5.5% increase in system-wide same club sales and a 19.4% growth in revenue for the quarter, alongside a 14.4% rise in adjusted EBITDA. They opened 86 new clubs in Q4, totaling 150 new openings for the year, which brought their global club count to over 2,700. Membership grew by 1 million, reaching approximately 19.7 million members by year-end. For 2025, Planet Fitness anticipates opening between 160 and 170 new clubs and projects system-wide same club sales growth between 5% and 6%. The guidance also indicates a 10% increase in revenue, adjusted EBITDA growth of 10%, and adjusted net income growth of 8% to 9%. The company is committed to achieving sustainable long-term growth by focusing on strategic imperatives such as redefining their brand, enhancing member experience, refining product offerings, and optimizing club formats.Impressive Revenue and Growth Metrics
Planet Fitness achieved a 19.4% revenue growth and a 14.4% increase in adjusted EBITDA during Q4 2024. System-wide same club sales grew by 5.5%, and the company added 86 new clubs in the quarter, bringing the global club count to over 2,700.
Membership Growth and Expansion
Planet Fitness grew its membership by 1 million in 2024, reaching approximately 19.7 million members. Black card penetration increased to approximately 64%, and Gen Z continues to be the fastest-growing demographic.
Successful Price Increase Strategy
The classic card membership price was increased from $10 to $15 after 25 years, contributing to revenue growth. The company observed low member churn and a favorable response to the price hike.
International Expansion
Planet Fitness entered the Spanish market in 2024 and ended the year with five clubs, marking a successful international expansion strategy.
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CH:3PL Earnings History
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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CH:3PL Earnings-Related Price Changes
No data currently available
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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FAQ
When does Planet Fitness (CH:3PL) report earnings?
Currently, no data Available
What is Planet Fitness (CH:3PL) earnings time?
Currently, no data Available
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Planet Fitness stock?
The P/E ratio of Planet Fitness is N/A.
What is CH:3PL EPS forecast?
Currently, no data Available
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