Key Takeaways
- Shares of Planet Fitness tumbled Tuesday as the gym chain projected slower earnings and same-club sales than expected.
- The gym topped estimates for the fourth quarter of 2024, with revenue and profits rising year-over-year.
- Shares have risen as Planet Fitness appointed a new CEO and other executives last year, and hit a record high last month.
Shares of Planet Fitness (PLNT) sank on Tuesday as some of the gym chain's projection꧃s for 2025 outweighed an estima𒉰te-topping fourth quarter.
The company said Tuesday it earned an adjusted $0.70 per share for the final quarter of 2024 on $340.45 million in revenue, each up year-over-year and above the analyst consensus compiled by Visible Alpha.
Planet Fitness said its 澳洲幸运5开奖号码历史查询:same club sales꧟ grew by 5.5% compared to the same time a year ago, above the 4.84% gain analys🎃ts had expected.
Looking to 2025, Planet Fitness forecast revenue growth of about 10% from the $1.18 billion it generated in 2024, which would put 202🐻5 revenue at about $1.3 billion—just over the analyst consensus. The company said it expects adjusted EPS to grow 11% to 12% and same club sales to grow 5% to 6% this year, each just below what analysts currently project.
Planet Fitness shares have recovered from a bottoming in September 2023 following the 澳洲幸运5开奖号码历史查询:unexpected departure of its CEO. The company has appointed a new CEO and a number of other new executives in the last year, with shares surging following its last quarterly report in November and hitting a record high in late January.
Shares ꧑were down more than 8% Tuesday, still more 𓆏than 40% above where they were a year ago.