Planet Fitness Inc ( (PLNT) ) has released its Q1 earnings. Here is a breakdown of the information Planet Fitness Inc presented to its investors.
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Planet Fitness, Inc., a leading franchisor and operator of fitness centers, is renowned for its Judgement Free Zone® and high-value, low-price model, catering to a diverse membership base across various countries. The company recently announced its first-quarter 2025 financial results, highlighting an 11.5% increase in total revenue to $276.7 million and a 6.1% rise in system-wide same club sales. Membership numbers grew to approximately 20.6 million, with 19 new clubs opened, bringing the total to 2,741 locations globally.
Key financial metrics from the report include a net income of $41.9 million, or $0.50 per diluted share, marking an increase from the previous year. Adjusted net income rose to $50.0 million, or $0.59 per diluted share, while Adjusted EBITDA saw a boost to $117.0 million. The franchise segment revenue increased by 10.7%, and corporate-owned clubs revenue grew by 9.2%. The equipment segment also reported a significant revenue increase of 28.7%.
Strategic moves during the quarter included a $50.0 million share repurchase and the opening of new clubs, which reflects the company’s ongoing expansion efforts. The company’s marketing campaigns have been effective in enhancing brand perception and value, contributing to its robust performance despite economic volatility.
Looking ahead, Planet Fitness maintains a positive outlook for 2025, anticipating continued growth in revenue, adjusted EBITDA, and net income. The company expects to open 160 to 170 new clubs and place 130 to 140 new equipment installations in franchisee-owned locations, reinforcing its leadership in the fitness industry.