Q1 Highlights
Planet Fitness reported adjusted earnings per share of 74 cents, beating the consensus estimate of 63 cents. In addition, it reported revenue of $337.23 million, beating the consensus estimate of $299.32 million and representing a 21.9% year-over-year increase.
Planet Fitness said system-wide same club sales increased 3.5% in the quarter, while system-wide sales rose $88 million year-over-year to $1.4 billion.
The company opened 15 new clubs during the quarter, all franchisee-owned, bringing total system-wide clubs to 2,909 as of March 31, 2026.
Planet Fitness ended the quarter with $652 million in cash and marketable securities, including $375.3 million in cash and cash equivalents.
“In the first quarter, our top and bottom line results exceeded expectations. However, 2026 is off to a slower than expected start from a net member growth perspective as we faced internal and external headwinds during our peak sign-up period,” said CEO Colleen Keating.
Keating added that the company is “sharpening our marketing to prioritize capturing demand and driving net member growth” and is pausing its planned national Black Card price increase pending a broader pricing review.
The company also repurchased and retired 613,725 shares of Class A common stock using $50 million of cash on hand during the quarter.
Guidance
Planet Fitness lowered its fiscal-year 2026 adjusted earnings per share guidance from between $3.35 and $3.38 to $3.19, versus the consensus estimate of $3.38. It also lowered its fiscal-year revenue guidance from $1.44 billion to $1.41 billion, versus the consensus estimate of $1.44 billion.
Planet Fitness Shares Drop
PLNT Price Action: At the time of publication, Planet Fitness shares are trading 32.30% lower at $43.30, according to data from Benzinga Pro.
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