NYSE$PLNT
Planet Fitness Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Planet Fitness reported a slight revenue increase and a significant rise in adjusted net income for Q4 2023.
Planet Fitness announced its Q4 and year-end 2023 results, highlighting a 1.4% increase in total revenue to $285.1 million for the quarter and a 7.7% increase in system-wide same store sales. The company's adjusted EBITDA increased by 7.8% to $114.3 million. They also provided guidance for 2024, projecting revenue growth and adjusted EBITDA increase.
- Total revenue increased by 1.4% to $285.1 million.
- System-wide same store sales increased by 7.7%.
- Adjusted EBITDA increased by 7.8% to $114.3 million.
- Opened 77 new Planet Fitness stores, bringing the total to 2,575.
Headline financials
Revenue & EPS history
Planet Fitness · Revenue · Quarterly
$285M
Revenue by segment
Planet Fitness · $278M total across 3 segments · Q3 2023
- Corporate-Owned Clubs$113M+11.7%40.8%
- Franchise Segment$98.2M+21.7%35.4%
- Equipment Segment$66.1M+6.1%23.8%
Forward guidance
For the year ending December 31, 2024, the company expects new equipment placements of approximately 120 to 130 in franchisee-owned locations, system-wide same store sales in the high single-digit percentage range, revenue to increase in the 6% to 7% range and adjusted EBITDA to increase in the 10% to 11% range.
Tailwinds
- New equipment placements of approximately 120 to 130 in franchisee-owned locations
- System-wide same store sales in the high single-digit percentage range.
- Revenue to increase in the 6% to 7% range
- Adjusted EBITDA to increase in the 10% to 11% range
- Adjusted net income to increase in the 9% to 10% range
Headwinds
- Net interest expense to be approximately $70 million.
- Capital expenditures to increase approximately 25%
- Depreciation and amortization to increase in the 11% to 12% range.
- Transition year as franchisees incorporate changes
- Material impacts from COVID-19 or other public health emergencies, or any significant new supply chain disruptions
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 2023
+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
| Quarter | Report date | Reaction (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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