Planet Fitness (PLNT) Tops Q3 EPS by 4c; raises outlook

Planet Fitness (NYSE: PLNT) reported Q3 EPS of $0.59, $0.04 better than the analyst estimate of $0.55. Revenue for the quarter came in at $277.6 million versus the consensus estimate of $268.26 million.

GUIDANCE:

The following are 2023 growth expectations over the Company\'s 2022 results:

• It now expects revenue to increase approximately 14% (previously it expected approximately 12%)
• It now expects Adjusted EBITDA to increase approximately 18% (previously it expected approximately 17%)
• It now expects Adjusted net income to increase approximately 33% (previously it expected approximately 30%)
• It now expects Adjusted earnings per share to increase approximately 35% (previously it expected approximately 34%), based on Adjusted diluted shares outstanding of approximately 89 million, inclusive of the nearly 1.7 million shares repurchased through September 30, 2023

The Company continues to expect 2023 net interest expense to be in the low $70 million range, capital expenditures to increase approximately 40%, and depreciation and amortization to increase in the high-teens percentage range.

For earnings history and earnings-related data on Planet Fitness (PLNT) click here.

You May Also Be Interested In

• FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
• Synopsys upgraded at Piper Sandler on Intel foundry momentum, Apple opportunity
• Carnival Corp. (CCL) Tops Q2 EPS by 8c, Beats on Revenue; Offers Guidance