Planet Fitness Inc ( (PLNT) ) has released its Q2 earnings. Here is a breakdown of the information Planet Fitness Inc presented to its investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Planet Fitness Inc., a leading global franchisor and operator of fitness centers, is known for its affordable, non-intimidating gym environment and operates in the fitness industry with a significant presence across multiple countries.
In its second quarter of 2025, Planet Fitness reported a robust financial performance with a notable increase in revenue and membership growth, maintaining a positive outlook for the remainder of the year.
Key highlights from the earnings report include a 13.3% increase in total revenue to $340.9 million, driven by an 8.2% rise in system-wide same club sales. The company also reported a net income increase to $58.0 million, or $0.69 per diluted share, and an adjusted EBITDA rise to $147.6 million. Additionally, Planet Fitness expanded its footprint by opening 23 new clubs, bringing the total to 2,762 locations globally.
The company continues to focus on its asset-light model, as evidenced by the recent agreement to sell eight corporate-owned clubs in California to a franchisee. This move aligns with its strategy to recycle capital and enhance shareholder value.
Looking ahead, Planet Fitness remains optimistic about its growth prospects, expecting revenue and adjusted EBITDA to increase by approximately 10% for the full year 2025. The company is well-positioned to capitalize on the growing consumer focus on health and wellness, with plans for further expansion and new club openings in the pipeline.