Planet Fitness Reports Strong Growth and Strategic Initiatives

An announcement from Planet Fitness ( (PLNT) ) is now available.

Planet Fitness announced key operational metrics for 2024, including a growth in membership to 19.7 million and a 5.0% increase in same club sales. The company opened 150 new clubs and placed equipment in 124 new franchised locations, achieving its 2024 growth objectives. The company also made strategic moves such as refinancing debt, launching a share repurchase program, and enhancing its economic model. The leadership team was strengthened with new executive appointments to drive further growth in 2025, with a focus on redefining the brand and improving member experience.

More about Planet Fitness

Planet Fitness, founded in 1992 in Dover, NH, is one of the largest and fastest-growing fitness center franchisors and operators globally, with a significant presence in the United States, Canada, Panama, Mexico, Australia, and Spain. It focuses on providing a high-quality fitness experience in a non-intimidating environment, known as the Judgement Free Zone®, and has approximately 19.7 million members across 2,722 locations.

YTD Price Performance: 1.85%

Average Trading Volume: 1,113,489

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $8.59B

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