Morgan Stanley again adjusts its Fed forecast, now sees 4 cuts in 2026
Planet Fitness (PLNT) reported Q3 EPS of $0.42, $0.04 better than the analyst estimate of $0.38. Revenue for the quarter came in at $244.39 million versus the consensus estimate of $235.76 million.
Guidance :
The Company is updating the following 2022 growth expectations over the Company's 2021 results:
Revenue to increase in the high-50 percent range (previously expected growth in the mid-50 percent range)
Adjusted EBITDA to increase approximately 60 percent (previously expected growth in the high-50 percent range)
Adjusted net income to increase in the low-100 percent range (previously expected growth in the low-90 percent range)
Adjusted earnings per share to increase in the mid-90 percent range, based on Adjusted diluted shares outstanding of approximately 90.5 million, inclusive of the issuance of equity as part of the Sunshine Acquisition and share repurchases through the third quarter. Previously the Company expected growth in the mid-80 percent range.
The Company continues to expect 2022 net interest expense to be approximately $86 million which reflects its first quarter debt refinancing and upsizing.