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Essential Points
- Planet Fitness’s stock decreased on Tuesday subsequent to the fitness center enterprise forecasting profit and comparable-store sales growth that was slower than anticipated.
- The fitness firm’s outcomes for the fourth quarter surpassed projections, with both income and earnings escalating compared to the prior year.
- Planet Fitness designated a new CEO and other leaders last year, leading to the stock’s increase and reaching a record high last month.
Planet Fitness (PLNT) shares dropped on Tuesday subsequent to the gym chain’s forecasts for 2025 slightly falling short of projections, following a robust fourth quarter.
The corporation reported adjusted earnings per share of $0.70 and revenue of $340.45 million for the concluding quarter of 2024, both elevated year-over-year and surpassing the consensus analyst predictions compiled by Visible Alpha.
Planet Fitness stated its same-store sales augmented by 5.5%, exceeding analysts’ expectations of 4.84%.
Looking forward to 2025, Planet Fitness anticipates revenue growth of roughly 10% from the $1.18 billion generated in 2024, which would bring revenue to approximately $1.3 billion in 2025, slightly exceeding analysts’ consensus. The company stated it anticipates adjusted earnings per share to expand by 11% to 12%, and same-store sales to increase by 5% to 6% this year, both slightly below current analyst forecasts.
Planet Fitness’s stock price has rebounded since its low in September 2023, following the unexpected exit of its CEO. The company appointed a new CEO and several other new executives over the past year. The stock surged after the last quarterly report in November and reached an all-time high in late January.
The stock declined more than 8% on Tuesday, but is still up more than 40% from a year ago. TruBit Collaborates with Morpho to Introduce DeFi Unearned Revenue in Latin America
