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Investing.com -- Planet Fitness (NYSE:PLNT) reported stronger-than-expected second-quarter results, topping analyst forecasts on top and bottom lines. The company also narrowed and reiterated its full-year outlook, projecting continued growth across key metrics.
The company’s shares rose more than 2% in premarket trading Wednesday.
Q2 earnings per share (EPS) came in at $0.86, beating the $0.79 consensus estimate. Revenue climbed to $340.9 million, ahead of the expected $329.6 million.
Same-store sales increased 8.2% system-wide, while adjusted EBITDA rose to $147.6 million from $127.5 million a year earlier.
"Today marks the 10-year anniversary for Planet Fitness as a public company. Over the past decade, through a steadfast commitment to our mission and strategy, we’ve added nearly 14 million members, expanded our global footprint by more than 1,700 clubs, and established a presence in all 50 states and four additional countries," said CEO Colleen Keating.
"In the second quarter, we delivered strong financial performance and remain confident in our full-year outlook for 2025, even amid near-term economic variability."
For the full year, Planet Fitness now expects same club sales growth of around 6%, tightening its prior range of 5% to 6%.
The company continues to anticipate revenue and adjusted EBITDA growth of roughly 10% over 2024 levels, and sees adjusted net income rising 8% to 9%.
Adjusted diluted EPS is expected to grow 11% to 12%, based on approximately 84.5 million shares outstanding.
The company said it plans to open 160 to 170 new locations system-wide in 2025 and place new equipment in 130 to 140 franchisee-owned clubs. It added that its exposure to tariffs remains limited under current regulations.