Planet Fitness, Inc. (PLNT) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by for the Planet Fitness First Quarter 2025 call. Call lines have been placed on mute to prevent any bad call lines. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, followed by the number one on your touchdown phone. To reveal your question, please press star one again. It is my pleasure to introduce your host, Ms. Susie Caravella, again. Thank you, operator, and good morning, everyone. Speaking on today's call will be Planet Fitness Chief Executive Officer Colleen Keating and Chief Financial Officer Jay Stas. They will be available for questions during the Q&A session following the prepared remarks. Today's call is being webcast live and recorded for replay. Before I turn the call over to Colleen, I'd like to remind everyone that the language on forward-looking statements included in our earnings release also applies to our comments made during the call. Our release can be found on our investor website along with any reconciliation of non-GAAP financial measures mentioned on the call with their corresponding GAAP measures. Now, I will turn the call over to Colleen. Thank you, Stacey, and thank you everyone for joining us for the Planet Fitness first quarter earnings call. We were pleased to end the first quarter with 20.6 million members, an increase of approximately 900,000 from the end of 2024. We grew system-wide same club sales by 6.1% and opened 19 new clubs globally, bringing our total club count to 2741. Given the strength and durability of our model, we delivered this healthy growth against a backdrop of increasing volatility in the macroeconomic environment. As a leader in the high-value, low-price fitness category, we've successfully grown our model for over 30 years ...