Planet Fitness Revives High School Summer Pass Program
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 20 2026
0mins
Source: Newsfilter
- Free Fitness Access: Planet Fitness launches its sixth annual High School Summer Pass program across over 2,900 locations in the U.S. and Canada, allowing teens aged 14 to 19 to work out for free from June 1 to August 31, aiming to encourage youth to prioritize their health.
- Partner Support: This year's program is powered by Gymshark, providing exclusive discounts to all participants after registration, which further incentivizes teen engagement in fitness activities and enhances brand visibility.
- Health Investment: Planet Fitness has invested over $460 million in waived membership dues to promote youth health, providing millions of teens with opportunities to improve their physical and mental well-being, demonstrating the company's commitment to social responsibility.
- Research Insights: A study involving 1,000 Canadian teens reveals that while 90% believe physical activity improves mental health, only 41% turn to exercise when stressed, highlighting a gap between awareness and action regarding fitness.
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Analyst Views on PLNT
Wall Street analysts forecast PLNT stock price to rise
13 Analyst Rating
13 Buy
0 Hold
0 Sell
Strong Buy
Current: 52.900
Low
120.00
Averages
133.25
High
185.00
Current: 52.900
Low
120.00
Averages
133.25
High
185.00
About PLNT
Planet Fitness, Inc. is a franchisor and operator of fitness centers in the world. The Company operates in three segments: Franchise, Corporate-owned club, and Equipment. The Franchise segment includes operations related to the Company’s franchising business in the United States, Puerto Rico, Canada, Panama, Mexico and Australia. The Corporate-owned clubs segment includes operations with respect to all Corporate-owned clubs throughout the United States, Canada, and Spain. The Equipment segment includes the sale of equipment to franchisee-owned clubs. The Company's subsidiaries operate three lines of business, which include licensing and selling franchises under the Planet Fitness trade name, owning, and operating fitness centers, and selling fitness-related equipment to franchisee-owned stores. It operates 2,735 clubs in all 50 states: the District of Columbia, Puerto Rico, Canada, Panama, Mexico, Australia and Spain.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Planet Fitness Under Investigation for Securities Fraud
- Significant Stock Drop: On May 7, 2026, Planet Fitness's stock plummeted 31% from $63.96 to $44.01 per share, indicating severe market concerns regarding its performance and outlook, which could undermine investor confidence.
- Disappointing Membership Growth: The company reported lackluster membership growth in its Q1 earnings, cutting its 2026 revenue growth forecast from approximately 9% to 7%, suggesting its marketing strategy failed to effectively engage its core customer base, impacting future profitability.
- Marketing Strategy Misstep: Planet Fitness acknowledged that its marketing may have “pivoted too far,” shifting from a lighthearted tone to one focused on “fitness-minded” members, leading to a disconnect with its core market and exacerbating investor disappointment.
- Legal Investigation Initiated: Bleichmar Fonti & Auld LLP has launched an investigation into potential securities fraud by Planet Fitness, examining whether the company made false or misleading statements to investors, which could expose it to legal liabilities and affect its reputation and shareholder interests.
See More
Planet Fitness Under Investigation for Securities Fraud Claims
- Declining Financial Performance: Planet Fitness reported in its Q1 2026 results that net member growth was below expectations, leading to a reduction in its 2026 same-club sales growth forecast to approximately 1%, significantly down from the prior 4% to 5% guidance.
- Pricing Strategy Adjustment: The company has decided to pause its planned national Black Card price increase, reflecting internal and external challenges faced during the peak sign-up period, which may impact future revenue growth.
- Revised Earnings Expectations: Due to lower-than-planned net joins in Q1, Planet Fitness has lowered its 2026 revenue growth forecast to approximately 7%, down from the previous 9% expectation, indicating signs of weak market demand.
- Significant Stock Price Drop: Following the release of disappointing financial results, Planet Fitness's stock price plummeted by $19.95, or 31.19%, closing at $44.01 per share on May 7, 2026, reflecting investor concerns about the company's outlook.
See More
Planet Fitness to Participate in William Blair Growth Stock Conference
- Conference Participation: Planet Fitness is set to present at the 46th Annual William Blair Growth Stock Conference on June 3, 2026, showcasing its growth potential in the fitness industry, which is expected to attract investor interest.
- Membership Growth: As of March 31, 2026, Planet Fitness boasts approximately 21.5 million members and 2,909 clubs across all 50 states and several international markets, demonstrating its strong market expansion capabilities.
- Brand Mission: The company aims to enhance people's lives by providing a high-quality fitness experience in a non-intimidating environment, a strategy that helps boost customer loyalty and attract new members.
- Franchise Model: Approximately 90% of Planet Fitness clubs are owned and operated by independent business owners, a business model that not only reduces operational risks for the company but also facilitates rapid brand expansion.
See More
Planet Fitness Under Investigation for Securities Fraud
- Stock Price Plunge: On May 7, 2026, Planet Fitness's stock plummeted 31% from $63.96 to $44.01 per share, indicating significant market disappointment regarding its membership growth and revenue forecasts.
- Marketing Strategy Misstep: The company acknowledged in its Q1 earnings report that its marketing efforts failed to effectively engage its core customer base, resulting in lower-than-expected membership growth and a reduction in 2026 revenue growth guidance from 9% to 7%.
- Legal Investigation Initiated: Bleichmar Fonti & Auld LLP has launched an investigation into Planet Fitness to determine if the company made false or misleading statements to investors, particularly regarding the success of its marketing campaign.
- Potential Legal Consequences: Investors are encouraged to contact the law firm to understand their rights, with BFA offering legal support on a contingency basis, which may impact the company's future financial stability.
See More
Planet Fitness Under Investigation for Securities Fraud
- Declining Financial Performance: Planet Fitness reported in its Q1 2026 results that net member growth was slower than expected, prompting the company to lower several growth expectations for 2026, with same-club sales growth now projected at only 1%, down from 4% to 5% previously.
- Pricing Strategy Adjustment: The company has decided to pause its planned national Black Card price increase, reflecting internal and external pressures faced during peak sign-up periods, which could impact future revenue growth.
- Significant Stock Price Drop: Following the release of disappointing financial results on May 7, 2026, Planet Fitness's stock price plummeted by $19.95, or 31.19%, closing at $44.01 per share, indicating market pessimism regarding its future outlook.
- Legal Investigation Initiated: Pomerantz LLP is investigating whether Planet Fitness and its executives have engaged in securities fraud or other unlawful business practices, potentially exposing the company to legal risks and financial losses.
See More
Planet Fitness Under Investigation for Securities Fraud Amid 31% Stock Drop
- Securities Fraud Investigation: Bleichmar Fonti & Auld LLP is investigating whether Planet Fitness made false and misleading statements regarding its marketing campaign, which led to a significant 31% drop in stock price on May 7, 2026.
- Performance Decline: In its Q1 2026 financial results, Planet Fitness reported disappointing membership growth and revised its 2026 revenue growth guidance down from approximately 9% to about 7%, with adjusted EBITDA growth guidance also lowered from 10% to 6%.
- Market Reaction: The company's admission during the earnings call that its marketing may have shifted too far towards
See More
Planet Fitness Under Investigation for Securities Fraud
- Significant Stock Drop: On May 7, 2026, Planet Fitness's stock plummeted 31% from $63.96 to $44.01 per share, indicating severe market concerns regarding its performance and outlook, which could undermine investor confidence.
- Disappointing Membership Growth: The company reported lackluster membership growth in its Q1 earnings, cutting its 2026 revenue growth forecast from approximately 9% to 7%, suggesting its marketing strategy failed to effectively engage its core customer base, impacting future profitability.
- Marketing Strategy Misstep: Planet Fitness acknowledged that its marketing may have “pivoted too far,” shifting from a lighthearted tone to one focused on “fitness-minded” members, leading to a disconnect with its core market and exacerbating investor disappointment.
- Legal Investigation Initiated: Bleichmar Fonti & Auld LLP has launched an investigation into potential securities fraud by Planet Fitness, examining whether the company made false or misleading statements to investors, which could expose it to legal liabilities and affect its reputation and shareholder interests.
See More
Planet Fitness Under Investigation for Securities Fraud Claims
- Declining Financial Performance: Planet Fitness reported in its Q1 2026 results that net member growth was below expectations, leading to a reduction in its 2026 same-club sales growth forecast to approximately 1%, significantly down from the prior 4% to 5% guidance.
- Pricing Strategy Adjustment: The company has decided to pause its planned national Black Card price increase, reflecting internal and external challenges faced during the peak sign-up period, which may impact future revenue growth.
- Revised Earnings Expectations: Due to lower-than-planned net joins in Q1, Planet Fitness has lowered its 2026 revenue growth forecast to approximately 7%, down from the previous 9% expectation, indicating signs of weak market demand.
- Significant Stock Price Drop: Following the release of disappointing financial results, Planet Fitness's stock price plummeted by $19.95, or 31.19%, closing at $44.01 per share on May 7, 2026, reflecting investor concerns about the company's outlook.
See More
Planet Fitness to Participate in William Blair Growth Stock Conference
- Conference Participation: Planet Fitness is set to present at the 46th Annual William Blair Growth Stock Conference on June 3, 2026, showcasing its growth potential in the fitness industry, which is expected to attract investor interest.
- Membership Growth: As of March 31, 2026, Planet Fitness boasts approximately 21.5 million members and 2,909 clubs across all 50 states and several international markets, demonstrating its strong market expansion capabilities.
- Brand Mission: The company aims to enhance people's lives by providing a high-quality fitness experience in a non-intimidating environment, a strategy that helps boost customer loyalty and attract new members.
- Franchise Model: Approximately 90% of Planet Fitness clubs are owned and operated by independent business owners, a business model that not only reduces operational risks for the company but also facilitates rapid brand expansion.
See More
Planet Fitness Under Investigation for Securities Fraud
- Stock Price Plunge: On May 7, 2026, Planet Fitness's stock plummeted 31% from $63.96 to $44.01 per share, indicating significant market disappointment regarding its membership growth and revenue forecasts.
- Marketing Strategy Misstep: The company acknowledged in its Q1 earnings report that its marketing efforts failed to effectively engage its core customer base, resulting in lower-than-expected membership growth and a reduction in 2026 revenue growth guidance from 9% to 7%.
- Legal Investigation Initiated: Bleichmar Fonti & Auld LLP has launched an investigation into Planet Fitness to determine if the company made false or misleading statements to investors, particularly regarding the success of its marketing campaign.
- Potential Legal Consequences: Investors are encouraged to contact the law firm to understand their rights, with BFA offering legal support on a contingency basis, which may impact the company's future financial stability.
See More
Planet Fitness Under Investigation for Securities Fraud
- Declining Financial Performance: Planet Fitness reported in its Q1 2026 results that net member growth was slower than expected, prompting the company to lower several growth expectations for 2026, with same-club sales growth now projected at only 1%, down from 4% to 5% previously.
- Pricing Strategy Adjustment: The company has decided to pause its planned national Black Card price increase, reflecting internal and external pressures faced during peak sign-up periods, which could impact future revenue growth.
- Significant Stock Price Drop: Following the release of disappointing financial results on May 7, 2026, Planet Fitness's stock price plummeted by $19.95, or 31.19%, closing at $44.01 per share, indicating market pessimism regarding its future outlook.
- Legal Investigation Initiated: Pomerantz LLP is investigating whether Planet Fitness and its executives have engaged in securities fraud or other unlawful business practices, potentially exposing the company to legal risks and financial losses.
See More
Planet Fitness Under Investigation for Securities Fraud Amid 31% Stock Drop
- Securities Fraud Investigation: Bleichmar Fonti & Auld LLP is investigating whether Planet Fitness made false and misleading statements regarding its marketing campaign, which led to a significant 31% drop in stock price on May 7, 2026.
- Performance Decline: In its Q1 2026 financial results, Planet Fitness reported disappointing membership growth and revised its 2026 revenue growth guidance down from approximately 9% to about 7%, with adjusted EBITDA growth guidance also lowered from 10% to 6%.
- Market Reaction: The company's admission during the earnings call that its marketing may have shifted too far towards
See More
