Planet Fitness Q3 Earnings & Revenues Beat, '24 View Raised
PLNT's third-quarter 2024 results are aided by new club openings and higher royalty revenues.
Why Planet Fitness Stock Jumped to an All-Time High Today
Sales are growing faster than expected, putting to rest the concerns of some investors.
Planet Fitness: Powering To New Highs
Planet Fitness, Inc. has shown strong growth with Q3 revenues up 5.3% and adjusted EBITDA rising to $123.1 million, despite slower equipment sales. The company's franchise and subscription model remains robust, with 21 new stores opened in Q3, emphasizing the need for international expansion. Concerns about debt persist, with net debt-to-adjusted EBITDA leverage at 4.5X, but the company's increased guidance has triggered a stock rally.
Compared to Estimates, Planet Fitness (PLNT) Q3 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for Planet Fitness (PLNT) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Planet Fitness, Inc. (PLNT) Q3 2024 Earnings Call Transcript
Planet Fitness, Inc. (NYSE:PLNT ) Q3 2024 Earnings Conference Call November 7, 2024 8:00 AM ET Company Participants Stacey Caravella – Vice President-Investor Relations Colleen Keating – Chief Executive Officer Jay Stasz – New Chief Financial Officer Tom Fitzgerald – Chief Financial Officer Conference Call Participants Simeon Siegel – BMO Capital Markets Sharon Zackfia – William Blair Jonathan Komp – Baird Rahul Krotthapalli – JPMorgan Megan Clapp – Morgan Stanley John Heinbockel – Guggenheim Partners Joe Altobello – Raymond James Max Rakhlenko – TD Cowen Randy Konik – Jefferies Operator Thank you for standing by. My name is Kayla, and I will be your conference operator today.
Planet Fitness's stock rises premarket as it beats profit and revenue estimates
Gym chain boosts its outlook for 2024 revenue growth.
Planet Fitness (PLNT) Surpasses Q3 Earnings and Revenue Estimates
Planet Fitness (PLNT) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.59 per share a year ago.
Planet Fitness enters 11th hour bid for bankrupt Blink Fitness
Planet Fitness wants to acquire bankrupt budget-fitness chain Blink Holdings, according to court filings viewed by CNBC. Planet Fitness previously lost out in a bankruptcy auction against U.K.-based, privately held fitness chain PureGym.
Planet Fitness submits last minute bid to acquire UK fitness chain
On Friday, in the closing hour of the deal's 48-hour challenge period, Planet Fitness submitted two competing bids to acquire Blink, a source close to the matter told The Post.
Planet Fitness (PLNT) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates
Get a deeper insight into the potential performance of Planet Fitness (PLNT) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Planet Fitness (PLNT) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release
Planet Fitness (PLNT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Why Planet Fitness (PLNT) is Poised to Beat Earnings Estimates Again
Planet Fitness (PLNT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
