New membership growth slowed in Q1 which led to a cut in 2026 guidance.
Planet Fitness NYSE: PLNT reported stronger-than-expected first-quarter revenue and profit, but management said member growth fell short of expectations and outlined a reset of its marketing and pricing strategy aimed at reigniting joins among fitness beginners and casual gym users.
Planet Fitness shares fall after the gym chain slashes its full-year revenue and profit outlook amid slowing membership sign-ups.
Shares of Planet Fitness plunged Thursday after the fitness company slashed its guidance and canceled planned price hikes. CEO Colleen Keating attributed the slowdown to "internal and external headwinds" during the quarter, which is the company's peak sign-up period.
Planet Fitness, Inc. (PLNT) Q1 2026 Earnings Call Transcript
While the top- and bottom-line numbers for Planet Fitness (PLNT) give a sense of how the business performed in the quarter ended March 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Planet Fitness (PLNT) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.59 per share a year ago.
Planet Fitness cut growth projections for the year and canceled price-hike plans due to a wan rate of signups in the crucial New Year period, even after a sharply higher first quarter.
Planet Fitness, Inc. maintains strong operational momentum, with robust revenue and profit growth across all segments in fiscal 2025. PLNT's franchise model delivers high margins (69.4%) and capital-efficient expansion, supported by club count growth and innovative membership offerings. Management guides for 2026 system-wide club growth of 180–190, 9% revenue growth, and rising adjusted net income and EBITDA.
Planet Fitness (PLNT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Planet Fitness (PLNT) reported earnings 30 days ago. What's next for the stock?
Planet Fitness just released its Q4 results, and the release topped expectations for the quarter. Forward guidance, however, including at the topline, landed below expectations. The lower-than-expected guidance sent shares tumbling following the release.