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. operates and franchises fitness clubs under a subscription-based model and reports developments across its Franchise, Corporate-owned clubs and Equipment segments. News commonly covers quarterly and annual results, system-wide same-club sales, membership trends, club openings, equipment placements in franchisee-owned locations and updates to operating outlook.
The company’s updates also address its club network in the United States and select international markets, franchisee activity, membership initiatives, board appointments and executive finance leadership changes.
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.
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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.
Planet Fitness (NYSE: PLNT) announced a new promotion for PF Black Card members, allowing savings of up to 15 cents per gallon on fuel through the Fuel Rewards® program at Shell, valid until March 15, 2023. This partnership has seen members redeem savings on over 1.4 million gallons of gas. The program is part of Planet Fitness's broader strategy to enhance membership value with additional discounts from various partners such as Grubhub+, Amazon Halo, and Reebok.