Business
Planet Fitness, Inc. Announces First Quarter 2025 Results
Today, Planet Fitness, Inc. (NYSE: PLNT) reported financial results for its first quarter ended March 31, 2025.
About this update from Planet Fitness, Inc.
[{"type":"text","content":"System-wide same club sales increased 6.1%","length":42,"tagName":"p","attribs":{}},{"type":"text","content":"Ended first quarter with total membership of approximately 20.6 million","length":71,"tagName":"p","attribs":{}},{"type":"text","content":"$50.0 million in shares repurchased in first quarter","length":57,"tagName":"p","attribs":{}},{"type":"text","content":"HAMPTON, N.H., May 8, 2025 /PRNewswire/ -- Today, Planet Fitness, Inc. (NYSE: PLNT) reported financial results for its first quarter ended March 31, 2025.","length":164,"tagName":"p"},{"type":"text","content":"First Quarter Fiscal 2025 Highlights","length":36,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Total revenue increased from the prior year period by 11.5% to $276.7 million.","length":78,"tagName":"p"}]},{"val":[{"type":"text","content":"System-wide same club sales increased 6.1%.","length":43,"tagName":"p"}]},{"val":[{"type":"text","content":"System-wide sales increased $94.6 million to $1.3 billion, from $1.2 billion in the prior year period.","length":102,"tagName":"p"}]},{"val":[{"type":"text","content":"Net income attributable to Planet Fitness, Inc. was $41.9 million, or $0.50 per diluted share, compared to $34.3 million, or $0.39 per diluted share, in the prior year period.","length":175,"tagName":"p"}]},{"val":[{"type":"text","content":"Net income increased $7.1 million to $42.1 million, compared to $35.0 million in the prior year period.","length":103,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted net income(1) increased $2.8 million to $50.0 million, or $0.59 per diluted share(1), compared to $47.3 million, or $0.53 per diluted share, in the prior year period.","length":175,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA(1) increased $10.7 million to $117.0 million from $106.3 million in the prior year period.","length":106,"tagName":"p"}]},{"val":[{"type":"text","content":"19 new Planet Fitness clubs were opened system-wide during the period, which included 16 franchisee-owned and 3 corporate-owned clubs, bringing system-wide total clubs to 2,741 as of March 31, 2025.","length":198,"tagName":"p"}]},{"val":[{"type":"text","content":"Repurchased and retired 544,226 shares of Class A common stock using $50.0 million of cash on hand.","length":99,"tagName":"p"}]},{"val":[{"type":"...