PLNT Earnings Prediction
The chart below shows how PLNT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PLNT sees a +0.60% change in stock price 10 days leading up to the earnings, and a +0.36% change 10 days following the report. On the earnings day itself, the stock moves by +2.13%. This data can give you a slight idea of what to expect for the next quarter's release.
PLNT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
292.25M
5.29%
-2.89%
Gross Margin
39.07%
2.71%
-1.14%
Operating Margin
28.34%
4.69%
-6.62%
Net Margin
14.51%
-2.55%
-11.47%
EPS
0.50
8.70%
-10.71%
No Data Available
PLNT Earnings Analysis
Planet Fitness, Inc. Corporation (PLNT.N) Earnings Conference Call
Positive
Same Club Sales Increase: 1. Same Club Sales Growth: Planet Fitness achieved a 4.3% increase in same club sales during Q3 2024, reflecting strong member engagement and retention.
Quarterly Revenue Increase: 2. Revenue Growth: The company reported a revenue increase of 5.3%, reaching $292.2 million compared to $277.6 million in the same quarter last year.
Adjusted EBITDA Growth: 3. Adjusted EBITDA Increase: Adjusted EBITDA rose by 10%, totaling $123.1 million, with an adjusted EBITDA margin of 42.1%, up from 40.3% in the previous year.
Membership Base Expansion: 4. Member Growth: Planet Fitness ended the quarter with approximately 19.6 million members, demonstrating continued growth in its membership base.
Shareholder Value Enhancement: 5. Share Repurchase Program: The company returned over $1.3 billion to shareholders since 2017, including a recent $280 million accelerated share repurchase agreement, highlighting its commitment to enhancing shareholder value.
Negative
New Club Openings Decline: 1. Decline in New Club Openings: Planet Fitness opened 21 new clubs in Q3 2024, down from 26 in the same quarter last year, indicating a slowdown in expansion efforts.
Equipment Revenue Decline: 2. Decrease in Equipment Segment Revenue: Equipment segment revenue fell by 6.7%, primarily due to fewer new club placements and a shift towards strength equipment, which resulted in lower sales per club.
Rising Club Operation Expenses: 3. Increased Club Operation Expenses: Club operation expenses for corporate-owned clubs rose to $71.6 million from $63.1 million, reflecting higher operational costs despite revenue growth.
Same Club Sales Guidance: 4. Tightened Same Club Sales Growth Guidance: The company narrowed its same club sales growth forecast to 4% to 5%, down from a previous range of 3% to 5%, indicating potential challenges in maintaining sales momentum.
Churn Rate Challenges: 5. High Churn Rates in Certain Markets: The churn rate in Tennessee remains elevated following the implementation of click-to-cancel, suggesting ongoing challenges in member retention in specific regions.
PLNT FAQs
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PLNT Earning Call Sentiment
Planet Fitness, Inc. (PLNT) Q3 2024 Earnings Call Transcript
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PLNT.N
-0.83%Positive
The earnings call summary indicates strong financial performance with a 5.3% revenue increase and a 10% rise in adjusted EBITDA. The company also announced a $500 million share repurchase plan, which is a positive signal to investors. Despite some economic and regulatory challenges, the Q&A section revealed a supportive response from franchisees and optimism about international expansion. The overall sentiment is positive, but not strong, due to uncertainties in SG&A guidance and economic pressures.