Overview

• U.S. fitness center operator's Q1 revenue rose 21.9%, beating analyst expectations

• Adjusted net income and EPS beat analyst expectations

• Company lowered 2026 outlook for revenue and adjusted net income growth due to slower member growth

Outlook

• Company now sees 2026 system-wide same club sales growth of about 1%, down from 4%-5%

• Planet Fitness expects 2026 revenue to rise about 7%, down from prior 9% forecast

• Company expects 2026 adjusted EBITDA to increase about 6%, previously 10%

Result Drivers

• EQUIPMENT SALES - Higher equipment sales to existing and new franchisee-owned clubs drove equipment segment revenue growth

• SAME CLUB SALES - Same club sales increased 3.5%, contributing to higher franchise and corporate-owned club revenues

• SLOWER MEMBER GROWTH - Net member growth was slower than expected due to internal and external headwinds during the peak sign-up period, leading to a pause in planned price increases and a shift in marketing focus, per CEO Colleen Keating

Company press release: ID:nPn8ws23sa

Key Details

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