Planet Fitness Inc Stock Price, News & Analysis

Planet Fitness reported its Q4 2020 results, revealing a 30.1% decrease in total revenue to $133.8 million. Net income was $8.7 million or $0.11 per diluted share, down from $29.7 million in Q4 2019. Adjusted EBITDA fell 33.3% to $51.1 million. The fiscal year also saw a 41.0% decline in total revenue to $406.6 million, and a net loss of $15.0 million. Despite challenges, the company opened 41 new stores in Q4, reaching a total of 2,124 stores. CEO Chris Rondeau expressed optimism for 2021 as vaccination efforts progress.

Planet Fitness announces a promotional offer from February 1 to 11, featuring $0 enrollment and a monthly fee of $10 with no commitment. This initiative aligns with American Heart Month, emphasizing the importance of maintaining heart health through exercise. The company showcases its commitment to member safety through enhanced sanitation protocols, including touchless check-ins and real-time crowd monitoring via its app. As of September 30, 2020, Planet Fitness boasted over 14.1 million members and 2,086 stores globally.

Planet Fitness, Inc. (NYSE: PLNT) announced it will report its fourth quarter results ending December 31, 2020, after the market closes on February 18, 2021. A conference call to discuss the financial results is scheduled for 4:30 p.m. Eastern Time on the same day. Investors can access a live webcast of the call at investor.planetfitness.com, with an audio replay available within two hours post-call for one year. As of September 30, 2020, Planet Fitness had over 14.1 million members and 2,086 locations, making it a leading fitness center operator in the U.S.

Planet Fitness announces a limited-time offer from January 25 to 27, 2021, allowing new members to join with $0 enrollment and a monthly fee of $10 with no commitment. The campaign aims to promote fitness as a priority in the New Year, capitalizing on the trend where 91% of Americans set fitness resolutions. Enhanced safety measures, including real-time crowd monitoring and sanitization protocols, are highlighted as key benefits for members. The company's membership count is over 14.1 million, with 2,086 locations across the U.S. and abroad.

Planet Fitness announced the appointment of Bernard Acoca and Christopher Tanco to its Board of Directors, effective immediately. Acoca, CEO of El Pollo Loco, and Tanco, COO of 7-Eleven, bring extensive experience in operations and franchising. This strategic move aims to enhance the board's expertise and align with the company's long-term strategy to provide an affordable, high-quality fitness experience. The Board now comprises eight directors, emphasizing their commitment to driving value for shareholders and capitalizing on growth opportunities.

Planet Fitness announced its participation in the 2021 ICR Conference scheduled for January 11, 2021, at 11:30 a.m. Eastern Time. The live presentation will be accessible via a webcast on their investor website. As of September 30, 2020, the company boasted over 14.1 million members and 2,086 locations across the U.S. and internationally. Their mission is to provide a welcoming, non-intimidating fitness experience known as the Judgement Free Zone®. Most locations are independently owned by local businesspeople.

Planet Fitness has promoted Bill Bode to Chief Operations Officer, effective immediately. Bode, who has been with the company since 2016 as Senior Vice President of Franchise Operations, is recognized for his expertise in franchising and operational excellence. He will oversee corporate club operations and vendor management, enhancing the company's leadership in the fitness industry. Planet Fitness has over 14.1 million members and operates 2,086 stores across multiple countries. Bode's extensive 35-year background includes senior roles at Dunkin' Brands.

Planet Fitness announced its return as the presenting sponsor of Times Square's New Year's Eve celebration for the sixth consecutive year. The event will be featured on Dick Clark's New Year's Rockin' Eve with Ryan Seacrest on December 31, 2020, at 8:00 p.m. EST. The company encourages members and the public to submit their Confetti Wishes for the New Year. Planet Fitness emphasizes its commitment to fitness and safety, showcasing enhanced protocols in its clubs. As of September 30, 2020, it had over 14.1 million members across 2,086 locations.