Planet Fitness' focus on a high-value, low-price business model, franchise-driven growth and strong brand positioning provides a strong foundation for future growth.
TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including Planet Fitness and Ross Stores.
Planet Fitness (PLNT) reported earnings 30 days ago. What's next for the stock?
Investors are well aware of Peloton's ongoing challenges. There's a growing and profitable fitness center chain that operates a proven business model.
Baird named Planet Fitness Inc (NYSE:PLNT) a “bullish fresh pick” through the end of the year, and maintained its "overweight" rating on the stock.
Planet Fitness (PLNT) aids from its new growth model, strategic membership pricing, and international expansion efforts. Yet, economic risks and inflation ail.
Peloton and Planet Fitness are expanding their investments in strength over cardio equipment as more women and young people opt for weights at the gym. Planet Fitness changed its gyms up to focus on strength workouts and noted that strength equipment tends to be less expensive.
PLNT showed improvement in revenue and earnings in Q2 2024, beating expectations. I believe the new CEO, Colleen Keating, is a good fit for the business. Potential for growth acceleration in FY25, but a cautious stance is maintained until concrete evidence of growth is seen.
While the top- and bottom-line numbers for Planet Fitness (PLNT) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Planet Fitness' (PLNT) second-quarter 2024 results reflect increased contributions from the Franchise and Corporate-owned Stores segments, indicating increased system-wide same-store sales.
Planet Fitness, Inc. (NYSE:PLNT ) Q2 2024 Earnings Conference Call August 6, 2024 8:00 AM ET Company Participants Stacey Caravella - Vice President of Investor Relations Colleen Keating - Chief Executive Officer Thomas Fitzgerald - Chief Financial Officer Conference Call Participants Randy Konik - Jefferies Simeon Siegel - BMO Capital Markets Sharon Zackfia - William Blair Jonathan Komp - Baird Joseph Altobello - Raymond James Christopher O'Cull - Stifel Financial Group Rahul Krotthapalli - JPMorgan Maksim Rakhlenko - TD Cowen Operator Hello and thank you for standing by. This time I would like to welcome you to the Planet Fitness Q2 Earnings Call.
Planet Fitness (NYSE:PLNT) shares surged almost 10% as the gym franchise's second quarter earnings topped estimates. Revenue grew 5.1% year-over-year to $300.9 million, ahead of estimates of $292.4 million.