Business
Planet Fitness, Inc. Announces Fourth Quarter and Year-End 2024 Results
Today, Planet Fitness, Inc. (NYSE: PLNT) reported financial results for its fourth quarter and year ended December 31, 2024.
About this update from Planet Fitness, Inc.
[{"type":"text","content":"Full-year system-wide same club sales increase of 5.0%Net membership growth of 1 million since the end of 2023Opened 150 new Planet Fitness clubs in 2024","length":155,"tagName":"p","attribs":{}},{"type":"text","content":"HAMPTON, N.H., Feb. 25, 2025 /PRNewswire/ -- Today, Planet Fitness, Inc. (NYSE: PLNT) reported financial results for its fourth quarter and year ended December 31, 2024.","length":174,"tagName":"p"},{"type":"text","content":"Fourth Quarter Fiscal 2024 Highlights","length":37,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Total revenue increased from the prior year period by 19.4% to $340.5 million.","length":78,"tagName":"p"}]},{"val":[{"type":"text","content":"System-wide same club sales increased 5.5%.","length":43,"tagName":"p"}]},{"val":[{"type":"text","content":"System-wide sales increased to $1.2 billion from $1.1 billion in the prior year period.","length":87,"tagName":"p"}]},{"val":[{"type":"text","content":"Net income attributable to Planet Fitness, Inc. was $47.1 million, or $0.56 per diluted share, compared to $35.3 million, or $0.41 per diluted share, in the prior year period.","length":175,"tagName":"p"}]},{"val":[{"type":"text","content":"Net income increased $10.8 million to $47.6 million, compared to $36.8 million in the prior year period.","length":104,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted net income(1) increased $6.6 million to $59.7 million, or $0.70 per diluted share(1), compared to $53.1 million, or $0.60 per diluted share, in the prior year period.","length":175,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA(1) increased $16.5 million to $130.8 million from $114.3 million in the prior year period.","length":106,"tagName":"p"}]},{"val":[{"type":"text","content":"86 new Planet Fitness clubs were opened system-wide during the period, which included 78 franchisee-owned and 8 corporate-owned clubs, bringing system-wide total clubs to 2,722 as of December 31, 2024.","length":206,"tagName":"p"}]},{"val":[{"type":"text","content":"Ended the year with cash and marketable securities of $529.5 million, which includes cash and cash equivalents of $293.2 million, restricted cash of $56.5 million and marketable securities of $179.8 million.","length":207,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":1181,"olTyp...