Welcome to our dedicated page for Planet Fitness news (Ticker: PLNT), a resource for investors and traders seeking the latest updates and insights on Planet Fitness stock.
Planet Fitness, Inc. (NYSE: PLNT) is a franchisor and operator of fitness centers and describes itself as one of the largest and fastest-growing fitness center franchisors and operators in the world by number of members and locations. Company news for PLNT often highlights membership trends, system-wide same club sales, new club openings and strategic initiatives related to its franchise and corporate-owned club network.
Recent Planet Fitness press releases have reported key operating metrics, such as approximately 20.8 million members and 2,896 clubs as of December 31, 2025, system-wide same club sales growth, and the number of new clubs opened in a given period. News items also cover updates from Investor Day presentations, where leadership discusses strategic imperatives to evolve the brand, enhance the member experience, refine club floorplans and amenities, and accelerate new club growth globally.
Investors following PLNT news will see coverage of quarterly results, including segment performance for Franchise, Corporate-owned clubs and Equipment, as well as non-GAAP measures like Adjusted EBITDA and Adjusted net income that the company uses in its communications. Planet Fitness news also includes announcements about securitized financing facilities, refinancings, and share repurchase authorizations, reflecting how the company manages its capital structure.
This news page aggregates these company-issued updates, earnings announcements, financing transactions and investor event communications for Planet Fitness, Inc. Tracking this stream can help readers understand how management describes the company’s growth, system-wide performance and strategic priorities over time.
Planet Fitness (NYSE: PLNT) announced it will release its third quarter 2024 financial results on November 7, 2024, before market opening. The company will host a conference call at 8:00 a.m. Eastern Time to discuss the results. As of June 30, 2024, Planet Fitness operated 2,617 stores across multiple countries with 19.7 million members. Over 90% of stores are independently owned and operated by franchisees. The company maintains presence in all 50 US states, DC, Puerto Rico, Canada, Panama, Mexico and Australia.
Planet Fitness, Inc. (NYSE: PLNT) reported Q2 2024 financial results, showing solid growth. Key highlights include:
- Total revenue increased 5.1% to $300.9 million
- System-wide same store sales grew 4.2%
- Net income rose to $49.3 million, up from $44.2 million in Q2 2023
- Adjusted EBITDA increased 7.2% to $127.5 million
The company executed a $280 million Accelerated Share Repurchase and completed an $800 million debt refinancing. Planet Fitness reiterated its 2024 outlook, expecting 140-150 new store openings and 3-5% system-wide same store sales growth. CEO Colleen Keating expressed confidence in the company's growth potential and commitment to enhancing shareholder value.
Planet Fitness, Inc. (NYSE: PLNT) has announced it will report its second quarter 2024 financial results on August 6, 2024, before the market opens. The company will host a conference call at 8:00 a.m. Eastern Time on the same day to discuss the results. A live webcast will be available on the investor relations website, and a dial-in option is provided through pre-registration.
For those unable to attend live, a digital recording will be accessible until August 13, 2024. As of March 31, 2024, Planet Fitness had approximately 19.6 million members and 2,599 stores across multiple countries, with over 90% of stores independently owned and operated.
Planet Fitness (NYSE: PLNT) has announced a $280 million Accelerated Share Repurchase (ASR) agreement with Citibank, part of its $500 million share repurchase authorization from November 2022. As of June 13, 2024, $355 million remained in this authorization. The ASR will initially provide about 3.1 million shares, 80% of the expected repurchase. Final settlement is due by Q3 2024. A new $500 million share repurchase program will replace the existing one upon ASR completion. For 2024, adjusted net income is now forecasted to grow by 4-6% (previously 6-8%), and adjusted net income per share, diluted to rise by 7-9% (previously 8-10%). Net interest expense is expected at $75 million, up from $70 million.
Planet Fitness (PLNT) has completed its refinancing transaction, issuing $800 million in Class A-2 Senior Secured Notes. These notes are divided into two tranches: $425 million at a 5.765% fixed interest rate for five years, and $375 million at a 6.237% fixed interest rate for ten years.
The proceeds will repay $591 million of 2018-1 Class A-2-II Notes, cover transaction costs, fund reserve accounts, and support general corporate purposes, including potential share repurchases. As of March 31, 2024, Planet Fitness had 19.6 million members and 2,599 stores worldwide.
Planet Fitness (NYSE: PLNT) has announced the pricing of $800 million in Series 2024-1 Class A-2 Fixed Rate Senior Secured Notes. These notes are split into two tranches: $425 million with a 5.765% interest rate over five years, and $375 million with a 6.237% interest rate over ten years. The notes, issued by Planet Fitness Master Issuer , will repay $591 million in 2018-1 Class A-2-II Notes, cover transaction costs, and fund general corporate purposes, including potential share repurchases. Closing is expected around June 12, 2024, subject to conditions.
Planet Fitness announced a proposed refinancing transaction involving the issuance of new debt to repay existing obligations. The company plans to issue $600 million in Series 2024-1 Fixed Rate Senior Secured Notes, potentially upsizing to $800 million. These funds will be used to repay $591 million of Series 2018-1 Class A-2-II Notes, cover transaction costs, and support general corporate purposes, potentially including share repurchases. As of March 31, 2024, Planet Fitness had $2.0 billion in outstanding debt. The transaction is expected to close in June 2024, subject to market conditions.
Planet Fitness, Inc. reported a 6.2% increase in system-wide same store sales for the first quarter of 2024, ending with approximately 19.6 million members. The company repurchased $20.0 million in shares and updated its 2024 outlook. Despite facing headwinds like consumer savings focus and COVID concerns, Planet Fitness remains focused on growth and shareholder value. The company's total revenue increased by 11.6% to $248.0 million, with net income growing to $34.3 million. Adjusted net income and EBITDA also saw positive growth, supporting the company's strategic priorities and franchisee support. The future outlook remains optimistic with expected revenue growth and new store openings.
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