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Planet Fitness inc   (NYSE: PLNT)
Other Ticker:  
 
    Sector  Services    Industry Hotels & Tourism
   Industry Hotels & Tourism
   Sector  Services
 
Price: $104.4600 $-1.52 -1.434%
Day's High: $107.11 Week Perf: 2.87 %
Day's Low: $ 104.38 30 Day Perf: 5.49 %
Volume (M): 1,569 52 Wk High: $ 107.68
Volume (M$): $ 163,866 52 Wk Avg: $76.79
Open: $106.39 52 Wk Low: $54.35



 Market Capitalization (Millions $) 8,851
 Shares Outstanding (Millions) 85
 Employees 2,000
 Revenues (TTM) (Millions $) 1,126
 Net Income (TTM) (Millions $) 163
 Cash Flow (TTM) (Millions $) 11
 Capital Exp. (TTM) (Millions $) 164

Planet Fitness Inc
By number of members and locations, we are one of the largest and fastest-growing fitness center franchisors and operators in the United States, with a well-known national brand. Our goal is to improve peoples lives by delivering a high-quality exercise experience in a friendly, non-intimidating setting we call the Judgement Free Zone. Our bright, clean stores are typically 20,000 square feet, with a large selection of high-quality, purple and yellow Planet Fitness-branded cardio, circuit, and weight-training equipment, as well as friendly staff trainers who provide unlimited free fitness instruction in small groups to all of our members through our PE@PF program. For our normal membership, we provide this unique exercise experience for only $10 per month.
We supply high-quality Planet Fitness-branded fitness equipment from renowned vendors to our members. We specify particular pieces and amounts of cardio and strength-training equipment and work with franchisees to examine and approve layouts and placement in order to ensure a uniform experience across our store base. We are able to negotiate cheaper prices and longer warranties from our suppliers because of our size. As a consequence, we believe we can provide equipment at a lower cost than franchisees could obtain on their own.
We like to situate our businesses in free-standing retail buildings or neighborhood shopping complexes, and we look at both high- and low-density regions. We look for locations that meet the following criteria: I high visibility and accessibility, (ii) favorable traffic counts and patterns, (iii) signage availability, (iv) enough parking or public transit, and (v) our target demographics. Third-party site analytics technologies give us with detailed demographic data and research, which we utilize to evaluate new and current locations and markets for both corporate-owned and franchisee-owned stores. We look at population density and travel time, current tenant mix, layout, prospective competition, and the impact on existing Planet Fitness locations, as well as comparative data from other locations.


   Company Address: 4 Liberty Lane West Hampton 3842 NH
   Company Phone Number: 750-0001   Stock Exchange / Ticker: NYSE PLNT


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
H        2.36% 
LTH        15.05% 
MAR        1.8% 
XPOF        4.47% 
WEL        4.47% 
• View Complete Report
   



Product Service News

Planet Fitness Champions Youth Wellness with Summer Pass Initiative for High School Students

Published Tue, Sep 17 2024 12:30 PM UTC

In an encouraging move for youth fitness, Planet Fitness Inc. (NYSE: PLNT) has once again launched its annual High School Summer Pass program, inspiring nearly 3 million high school students to prioritize their health. The initiative, which allows teens to access Planet Fitness gyms for free from May 15 to August 31, aligns perfectly with the company?s mission to provide a w...

Product Service News

Rising Teen Recognition of Physical Activity's Impact Fuels Interest in Planet Fitness as Company Looks to Boost Revenue Growth

Published Tue, May 21 2024 11:00 AM UTC

Teenagers in Canada are increasingly recognizing the positive impact of physical activity on their lives and mental health, according to a recent study. With this growing awareness, it comes as no surprise that the return of Planet Fitness High School Summer Pass has generated significant interest among Canadian teens. Starting from June 1st until the end of August, teenage...

Planet Fitness Inc

2. Dominating the Market: Planet Fitness Inc's Impressive First Quarter Earnings Performance

Planet Fitness, Inc. has been making significant strides in the market recently, with a notable increase in profit per share and revenue. The company's most recent fiscal period saw a 44.44% increase in profit per share, reaching $0.39 per share. Additionally, revenue saw an 11.606% increase to $248.02 million compared to the previous year.
The Hotels & Tourism industry has seen a 6.60% increase in revenue during the same time period, making Planet Fitness Inc's performance even more impressive. Despite a slight decrease in EPS and revenue from the previous reporting season, the company saw a significant improvement in net earnings, which increased by 41.2%.

Planet Fitness Inc

Hotels & Tourism Giant Faces Economic Contraction in Q4 2023: Planet Fitness Inc Stands Strong

Planet Fitness Inc is a well-known fitness franchise that has been making waves in the Hotels & Tourism industry. In the fourth quarter of 2023, the company reported improved earnings per share, with a 6.51% increase to $0.41. Despite a slight decrease in revenue by -9.118% to $285.09 million, Planet Fitness Inc managed to increase its bottom-line earnings by 1.9% to $36.762 million. This highlights the company's ability to maintain profitability even in the face of challenges.
One of the key factors contributing to Planet Fitness Inc's success is its focus on improving profit margins. In the fourth quarter of 2023, the company saw an increase in both net margin (up to 12.9%) and operating margin (up to 25.03%). This indicates that the company is efficiently managing its expenses while maximizing revenue generation.

Planet Fitness Inc

Impressive Revenue Surge of 13.571% Propels Planet Fitness Inc's Growth in Q3 2023

/>Planet Fitness Inc. (PLNT) has experienced a series of notable financial results and stock performance in recent times. While the stock has gained 16.26% over the past 5 days, it is trading 7.5% below its 52-week average. Furthermore, PLNT's stock had improved by -9.89% from the previous year.
Financial Results Analysis:
1. Third Quarter 2023 Earnings:
- Profit per share surged by an impressive 43.75% to $0.46 per share.
- Revenue increased by 13.571% to $277.55 million compared to the prior year period.
- Net income reported in the third quarter of 2023 earnings season increased by 34.71% to $41.324 million.
2. Comparisons to Sector Contemporaries and Previous Periods:
- PLNT's revenue gain fell short compared to Hotels & Tourism sector contemporaries, increasing by 15.18% compared to the corresponding period a year earlier.
- Earnings per share decreased by -4.17% from $0.48 per share in the preceding reporting period.
- Revenue decreased by -3.111% from $286.46 million in the preceding reporting period.







Planet Fitness Inc's Segments
Franchise    35.04 % of total Revenue
Franchise International    1.2 % of total Revenue
Corporate-owned clubs    43.84 % of total Revenue
Corporate-owned clubs International    0.48 % of total Revenue
Placement services Franchise    1.55 % of total Revenue
Franchise segment    35.04 % of total Revenue
Equipment segment    21.11 % of total Revenue
US Franchise segment    33.84 % of total Revenue
US Corporate-owned clubs    43.36 % of total Revenue
US Equipment segment    19.87 % of total Revenue
International Franchise segment    1.2 % of total Revenue
International Corporate-owned clubs    0.48 % of total Revenue
International Equipment segment    1.24 % of total Revenue





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