Planet Fitness Misses Wall Street Mark, But Keeps Pumping Up Revenue - Planet Fitness (NYSE:PLNT)

Benzinga
Open on Benzinga
Planet Fitness Misses Wall Street Mark, But Keeps Pumping Up Revenue - Planet Fitness (NYSE:PLNT)
Zinger Key Points
Planet Fitness' Q1 revenue missed analyst estimates, although it showed an 11.5% year-over-year growth. Adjusted EPS also fell short of expectations, despite a rise in adjusted EBITDA and an increase in membership. Feel unsure about the market’s next move? Copy trade alerts from Matt Maley—a Wall Street veteran who consistently finds profits in volatile markets. Claim your 7-day free trial now.

Planet Fitness Inc (NYSE: PLNT ) shares traded lower premarket on Wednesday after the company reported first-quarter 2025 results .

The gym franchise disclosed:

Sales increased 11.5% year-on-year (Y/Y) to $276.7 million, missing the analyst consensus estimate of $279.16 million. Franchise segment revenue increased 10.7% Y/Y; corporate-owned stores gained 9.2% Y/Y; and the equipment segment jumped 28.7% Y/Y in the quarter. System-wide same club sales increased 6.1% year over year, reaching $1.3 billion from $1.2 billion last year. Q1 ended with 20.6 million members, an increase of about 900,000 from the end of 2024.  Adjusted EPS of 59 cents, missing the analyst consensus of 62 cents . Operating expenses increased to $197.5 million from $182.2 million a year ago. Adjusted EBITDA increased to $117 million from $106.3 million in the prior year quarter, with the Franchise segment rising 11.5% Y/Y, the corporate-owned clubs segment growing 8.1% Y/Y, and the Equipment segment rising 55.1% Y/Y. Adjusted EBITDA increased to $117.0 million from $106.3 million last year. 19 new Planet Fitness clubs opened during the period, including 16 franchisee-owned and three corporate-owned clubs System-wide total clubs are now 2,741 as of March 31. The company held $343.9 million in cash and equivalents as of March 31. Net cash provided by operating activities for the quarter amounted to $133.9 million.

CEO Colleen Keating said the franchise delivered “healthy growth against a backdrop of increasing volatility in the macro-economic environment.”

Outlook: Planet Fitness reiterated FY25 revenue guidance of $1.3 billion vs. consensus of $1.31 billion and adjusted EPS outlook of  $2.87-$2.90 vs $2.93 estimate .

The company expects system-wide same club sales growth of 5% to 6%. It also expects adjusted EBITDA to increase around 10% and system-wide new club openings of approximately 160 to 170 locations .

The company has stated that it is creating strategies to lessen the potential effects of tariffs and believes that, at the current levels, its exposure to these tariffs is limited.

ETFs With PLNT Exposure: John Hancock Multifactor Small Cap ETF JHSC and Hilton Small-MidCap Opportunity ETF SMCO .

Price Action: PLNT shares are trading lower by 3.54% at $98.13 premarket at the last check Thursday.

Read Next: 

As Wellness Spending Hits New Highs, Analyst Backs These Stocks

Image: Shutterstock

Loading... Loading... PLNT Planet Fitness Inc $99.68 -2.02%

Stock Score Locked: Want to See it?

Benzinga Rankings give you vital metrics on any stock – anytime.

Reveal Full Score
Edge Rankings
Momentum 93.74 Growth 81.55 Quality - Value 14.50
Price Trend
Short Medium Long Overview JHSC John Hancock Multifactor Small Cap ETF $36.59 -% SMCO Hilton Small-MidCap Opportunity ETF $23.47 -% Got Questions? Ask Which fitness franchises could outperform PLNT? How will tariffs impact gym equipment sales? What market trends favor Planet Fitness growth? Are small-cap ETFs a smart choice now? Which investors might benefit from PLNT's outlook? How could macro-economic changes affect gym memberships? What competitors may capitalize on PLNT's misses? Which health-focused stocks are worth exploring? How might membership growth impact stock performance? What other industries could benefit from wellness trends? Powered By Market News and Data brought to you by Benzinga APIs

© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Earnings Analyst Ratings Options Dividends IPOs
Date ▲ ▼ ticker ▲ ▼ name ▲ ▼ Actual EPS ▲ ▼ EPS Surprise ▲ ▼ Actual Rev ▲ ▼ Rev Surprise ▲ ▼
Click to see more Earnings updates

Earnings Calendar

Never Miss Important Catalysts

Sort by estimates, projected upside, profit surprises, and more to easily find new stocks to invest in or check up on your portfolio.

Click to Join
Posted In: Earnings Equities Mid Cap News Guidance Top Stories Movers Briefs Gym Stories That Matter Why is it moving Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free! Already a member? Sign in