Planet Fitness Q2 Beats Across the Board, Raises Profit Outlook
PLNT sits 53% above its 52-week low of $37.03.
Summary
Planet Fitness delivered a clean Q2 beat with revenue of $365.2M (consensus $355.7M) and adjusted EPS of $0.88 (consensus $0.85). The company also repurchased and retired $200M of Class A common stock, signaling confidence. Management reiterated 2026 revenue growth of ~7% and raised its adjusted net income per share growth outlook to ~6%, up from prior guidance. This follows a securities fraud class action filed in July and an investigation announced in May, making the strong results and buyback a notable counterpoint. The stock trades at 16x forward earnings, down from 19x three months ago, suggesting the beat could drive multiple expansion.
At the time of this announcement, PLNT was trading at $56.70 on NYSE in the Trade & Services sector, with a market capitalization of approximately $4.5B. The 52-week trading range was $37.03 to $114.26. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.