Planet Fitness' Q4 Sales Top Estimates

  • Planet Fitness Inc PLNT reported fourth-quarter FY21 sales growth of 37.3% year-on-year, to $183.6 million, beating the Street view of $178.83 million. System-wide same-store sales increased 12.3%.
  • Revenue from the franchise segment rose 17.3% Y/Y to $78.4 million, the corporate-owned stores climbed 15.3% to $44.9 million, and equipment gained 115.7% Y/Y to $60.4 million.
  • Total operating costs and expenses rose 52% Y/Y to $154.5 million. The operating margin was 15.9%, and operating income for the quarter fell 9.3% to $29.2 million.
  • Adjusted EBITDA increased 23.3% Y/Y to $63 million. Adjusted EPS of $0.26 matched the consensus.
  • The company held $603.9 million in cash and equivalents as of December 31, 2021.
  • Outlook: Planet Fitness sees FY22 sales growth in the mid-50% range. The company expects FY22 adjusted EBITDA up in high-50% and adjusted EPS to increase in the mid-80% range.
  • Price Action: PLNT shares are trading lower by 0.26% at $89.39 on the last check Thursday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsGuidanceGeneralBriefs
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!