- Planet Fitness reported fourth quarter adjusted EPS of 70c, surpassing the estimated 62c, and compared to 60c the previous year.
- The company’s revenue for the quarter was $340.5 million, an increase of 19% from the previous year, beating the estimate of $324.3 million.
- Franchise revenue reached $109.0 million, up 11% year-over-year, exceeding the expected $105.7 million.
- Corporate-owned stores generated $126.3 million in revenue, showing an 8.5% increase year-over-year, slightly below the projected $129.2 million.
- Equipment revenue surged by 49% year-over-year to $105.1 million, outperforming the estimate of $84.5 million.
- Franchise comparable sales grew by 5.7%, slightly underperforming the previous year’s growth of 7.6%, but surpassing the estimate of 4.83%.
- Adjusted EBITDA was $130.8 million, a 14% increase from the prior year, and above the estimated $119.3 million.
- Total number of stores increased by 5.7% to 2,722, slightly exceeding the projected 2,719 stores.
- The company reported finishing the year with 19.7 million members, marked by a revenue growth of more than 10% and an adjusted EBITDA increase of approximately 12% in 2024.
- For 2025, Planet Fitness anticipates net interest expenses to be around $86.0 million.
- Analysts’ recommendations include 15 buys, 4 holds, and no sell ratings.
Planet Fitness Inc Cl A on Smartkarma
Analyst coverage of Planet Fitness Inc Cl A on Smartkarma has been positive, with insights from Value Investors Club and Baptista Research highlighting the company’s growth strategies and financial performance.
Value Investors Club‘s report, “Planet Fitness (PLNT) – Tuesday, Oct 15, 2024,” emphasizes the company’s plans to open new stores over the next decade, focusing on international markets and innovative retail formats. With a bullish sentiment, the report underscores PLNT’s aggressive store development strategy and price increases on memberships, positioning it for robust comp growth and expansion.
A look at Planet Fitness Inc Cl A Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 0 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Planet Fitness Inc Cl A is showing strong long-term potential, with a high Smart Score in Growth, Resilience, and Momentum. These scores indicate that the company is excelling in areas such as future expansion opportunities, ability to withstand economic challenges, and positive market trend performance. With a low score in the Value category, investors may find the stock to be priced at a premium compared to its intrinsic value. However, the company’s focus on growth, resilience, and momentum bodes well for its future prospects.
As a company that owns and operates a chain of fitness clubs, Planet Fitness Inc Cl A is positioning itself for continued growth and success within the fitness industry. With a strong emphasis on providing personal fitness training programs to its members in the United States, the company’s business model aligns well with the growing demand for health and wellness services. Investors looking for a company with a solid outlook for future growth and market performance may find Planet Fitness Inc Cl A to be an attractive option based on its impressive Smart Scores in Growth, Resilience, and Momentum.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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