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Planet Fitness Power Play: Shares Jump After Q2 Beat, New Stores & Solid Outlook
Planet Fitness, Inc. (NYSE:PLNT) shares are trading higher after the company reported second-quarter results.
The company reported adjusted earnings per share of 71 cents, beating the street view of 66 cents.
Quarterly sales of $300.94 million (+5.1%) beat the analyst consensus of $288.225 million.
System-wide same-store sales increased 4.2%, while system-wide sales increased to $1.2 billion from $1.1 billion in the prior year period.
Franchise segment revenue rose 9.1% to $107.8 million, corporate-owned stores revenue increased 10.3% to $125.5 million, while equipment segment revenue fell ...