NYSE$PLNT

Planet Fitness Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Planet Fitness's revenue increased, driven by franchise growth and new store openings. Same-store sales also saw a solid increase.

Planet Fitness reported strong Q4 2019 results, with a 9.8% increase in total revenue to $191.5 million. System-wide same-store sales increased by 8.6%. The company opened 102 new stores during the quarter, bringing the total to 2,001. Net income attributable to Planet Fitness, Inc. was $29.7 million, or $0.36 per diluted share, while adjusted net income increased to $39.2 million, or $0.44 per diluted share. Adjusted EBITDA increased by 23.0% to $76.6 million.

  • Total revenue increased by 9.8% to $191.5 million.
  • System-wide same store sales increased 8.6%.
  • Net income attributable to Planet Fitness, Inc. was $29.7 million, or $0.36 per diluted share.
  • Opened 102 new Planet Fitness stores system-wide, reaching 2,001 total stores.

Headline financials

Total Revenue

$192M

Previous: $174M+9.8%
EPS (adj)

$0.44

Previous: $0.34+29.4%
System-wide Same Club Sales Growth

8.6%

No prior period
Adjusted EBITDA

$76.6M

No prior period
New Clubs Opened

102

No prior period
Total Members

14.4M

No prior period
Net Income

$34.3M

No prior period
Operating Income

$61.6M

No prior period

Revenue & EPS history

Planet Fitness · Revenue · Quarterly

$192M

Q4 2019+9.8%vs Q4 2018
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Planet Fitness · $192M total across 3 segments · Q4 2019

  • Equipment Segment
    $77M-5.6%
  • Franchise Segment
    $73.3M+29.5%
  • Corporate-Owned Clubs
    $41.2M+13.8%

Forward guidance

For the year ending December 31, 2020, the Company expects total revenue to increase approximately 12%, system-wide same store sales of approximately 8%, adjusted net income to increase approximately 10%, and adjusted net income per diluted share to increase approximately 16%.

Tailwinds

  • Total revenue increase of approximately 12%
  • System-wide same store sales of approximately 8%
  • Adjusted net income to increase approximately 10%
  • Adjusted net income per diluted share to increase approximately 16%

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2019

Historical avgQ4 2019

+1.6%

Avg return

Earnings day

+2.5%

Avg return

5 days after

+3.4%

Avg return

30 days after

56%

24 / 43 earnings

Positive

+18.0%

Q3 2018

Best reaction

-32.5%

Q1 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-32.5%-22.7%-20.8%
Q4 2025-7.6%-9.5%-16.9%
Q3 2025+12.6%+15.4%+21.1%
Q1 2025-4.7%-7.8%+3.8%
Q4 2024-9.2%-6.7%-0.1%
Q3 2024+12.6%+11.9%+18.0%
Q2 2024+5.2%+9.8%+13.5%
Q1 2024+5.0%+6.4%+10.1%
Q4 2023-3.3%-3.6%-9.0%
Q3 2023+11.6%+16.3%+23.3%
Q2 2023-7.2%-7.2%-6.9%
Q1 2023-14.7%-13.8%-21.9%
Q4 2022+1.9%+2.5%-5.9%
Q3 2022+11.3%+15.5%+24.4%
Q2 2022-4.9%-5.4%-13.9%
Q1 2022+1.5%+5.2%+2.1%
Q4 2021-4.0%-4.8%-4.6%
Q3 2021+15.9%+14.4%-2.4%
Q2 2021-0.7%-0.7%+1.9%
Q1 2021-5.2%-5.2%-7.4%
Q4 2020-0.3%+6.7%-0.5%
Q3 2020+1.1%+9.9%+13.0%
Q2 2020-1.5%+0.4%+20.7%
Q1 2020+5.2%+4.8%+28.0%
Q4 2019-10.1%-19.9%-37.8%
Q3 2019+11.2%+13.8%+21.0%
Q2 2019-3.3%-1.3%-12.8%
Q1 2019-3.6%-1.6%+1.4%
Q4 2018+3.1%+7.8%+19.9%
Q3 2018+18.0%+16.8%+19.4%
Q2 2018+7.6%+9.1%+4.3%
Q1 2018-6.7%-2.3%+3.3%
Q4 2017+9.2%+9.7%+12.0%
Q3 2017+12.1%+12.4%+20.5%
Q2 2017+8.3%+4.6%+7.3%
Q1 2017-1.3%+0.6%+6.1%
Q4 2016-1.6%-1.6%-10.4%
Q3 2016+9.6%+8.3%+10.4%
Q2 2016+10.9%+9.7%-0.3%
Q1 2016+3.6%
Q4 2015+6.1%
Q3 2015+6.2%
Q2 2015+2.0%
Q4 2014
Q3 2014
Q2 2014
Q1 2014

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