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. (PLNT) operates as a leading fitness franchisor renowned for its Judgement Free Zone® philosophy and affordable membership model. This hub provides investors and industry observers with essential updates on corporate developments, financial performance, and strategic initiatives shaping the company's growth in the health and wellness sector.
Access real-time announcements including quarterly earnings disclosures, franchise expansion plans, and operational enhancements. Our curated collection serves as a centralized resource for understanding PLNT's market position, partnership agreements, and innovations in gym operations.
Key updates cover corporate-owned store performance, equipment supply chain developments, and membership trend analyses. Content is rigorously verified to ensure alignment with regulatory standards and factual accuracy for informed decision-making.
Bookmark this page for streamlined access to Planet Fitness's evolving story within the competitive fitness landscape. Regularly refreshed content ensures you remain current with material developments impacting PLNT's operational and financial trajectory.
ABC Fitness Solutions has extended its partnership with Planet Fitness through 2027, solidifying its role as the technology provider for the fitness giant. The new four-year agreement follows a comprehensive review of Planet Fitness's technology needs and will involve the integration of ABC's IGNITE club management solution across all U.S. and Canadian locations. This upgrade includes key modules such as IGNITE Membership, IGNITE Commerce, and IGNITE Insights, aimed at enhancing member engagement, optimizing billing processes, and providing data-driven insights for operational improvement. ABC Fitness Solutions continues to support over 35 million members globally, processing over $9 billion in payments annually.
On March 13, 2023, Planet Fitness (NYSE: PLNT) announced new limited-time Perks for its members, offering discounts from brands such as Chewy, H&R Block, and Sam's Club. Members can enjoy significant savings, including $20 off Chewy purchases over $49, 20% off H&R Block tax filing products, and $25 off $250+ ticket orders from Vivid Seats. Additional offers include special membership deals at Sam's Club and discounts on Bose products. This initiative aims to enhance member satisfaction by adding value beyond gym access, reinforcing Planet Fitness's commitment to providing rewarding fitness experiences.
Planet Fitness (NYSE: PLNT) announced its participation in the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum 2023. The management's fireside chat is scheduled for March 14, 2023, at 8:00 AM Pacific Time. A live webcast of the presentation will be available at investor.planetfitness.com.
As of December 31, 2022, Planet Fitness has approximately 17 million members and operates 2,410 stores across various regions including the U.S., Canada, and Australia. The company's mission is to provide a welcoming, high-quality fitness experience in a non-intimidating environment.
Planet Fitness reported strong financial results for Q4 and FY 2022, with total revenue rising 53.2% to $281.3 million in Q4 and 59.6% to $936.8 million for the year. System-wide same-store sales increased by 9.0% in Q4 and 11.4% for the year. Net income grew significantly, reaching $33.7 million or $0.40 per diluted share in Q4, compared to $5.7 million or $0.07 in the prior year. The company ended 2022 with approximately 17.0 million members, a 1.8 million increase from 2021, and opened 158 new stores. For 2023, it projects revenue growth of 13-14% and an increase in adjusted EBITDA of 17-18%. Investors remain optimistic due to the company's growth potential.
Planet Fitness, Inc. (NYSE: PLNT) announced it will release its fourth quarter results for the period ending December 31, 2022, on February 23, 2023, before market opening.
A conference call to discuss the financial results will take place at 8:00 a.m. Eastern Time the same day, accessible via dial-in numbers (844) 200-6205 or (929) 526-1599, conference number 146564. A live webcast will also be available at Planet Fitness Investor Relations.
An audio replay of the call will be accessible within two hours and will remain for one year.
On January 23, 2023, Planet Fitness announced a promotional initiative encouraging fitness participation with a limited-time offer of $1 enrollment and a monthly fee of $10 from January 23-31. This campaign aligns with findings from a survey indicating that 89% of individuals experience low energy during winter, with 51% wishing for unlimited energy to prioritize their health. The company, boasting 17 million members across 2,410 locations, emphasizes accessible fitness through affordable pricing and a welcoming environment. The release highlights the new features of the Planet Fitness app, enhancing user experience and workout guidance.
On January 20, 2023, Planet Fitness announced its ranking as #28 overall and #1 in the fitness category in Entrepreneur's Franchise 500® for the fifth consecutive year. This ranking reflects the company's strong performance in areas such as store growth, financial stability, and brand recognition. As of December 31, 2022, Planet Fitness boasted approximately 17 million members, an increase of 1.8 million from 2021. The company opened 158 new locations in 2022, reaching a total of 2,410 stores across multiple regions. CEO Chris Rondeau highlighted the brand's mission to democratize fitness, emphasizing its commitment to health and wellness.
Planet Fitness (NYSE: PLNT) reported significant growth in 2022, ending the year with approximately 17.0 million members, an increase of 1.8 million from 2021. The company opened 158 new stores in total, including 14 corporate-owned locations, bringing the total to 2,410 stores across various regions. The fourth quarter of 2022 witnessed the largest membership growth on record, driving positive momentum into 2023. The company plans to release its full fiscal year results and 2023 outlook on February 23, 2023.
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