Planet Fitness Stock News

The stock market has been on a tear, thanks to a resilient macro backdrop. The prospects of lower interest rates and stronger economic growth might be adding to the tailwinds.

Planet Fitness lost a bid in bankruptcy court to acquire Blink Holdings. U.K.-based private gym chain PureGym won its bid to acquire Blink and its assets, including 60 of its gyms in New York and New Jersey.

Sales are growing faster than expected, putting to rest the concerns of some investors.

Planet Fitness, Inc. has shown strong growth with Q3 revenues up 5.3% and adjusted EBITDA rising to $123.1 million, despite slower equipment sales. The company's franchise and subscription model remains robust, with 21 new stores opened in Q3, emphasizing the need for international expansion. Concerns about debt persist, with net debt-to-adjusted EBITDA leverage at 4.5X, but the company's incre...

Planet Fitness, Inc. (NYSE:PLNT ) Q3 2024 Earnings Conference Call November 7, 2024 8:00 AM ET Company Participants Stacey Caravella – Vice President-Investor Relations Colleen Keating – Chief Executive Officer Jay Stasz – New Chief Financial Officer Tom Fitzgerald – Chief Financial Officer Conference Call Participants Simeon Siegel – BMO Capital Markets Sharon Zackfia – William Blair Jonathan ...

Gym chain boosts its outlook for 2024 revenue growth.

Increases 2024 revenue and Adjusted EBITDA outlook Initiated new $500 million share repurchase program upon $280 million share repurchase completion Appointed Jay Stasz as Chief Financial Officer, effective November 15, 2024 HAMPTON, N.H. , Nov. 7, 2024 /PRNewswire/ -- Today, Planet Fitness, Inc. (NYSE: PLNT) reported financial results for its third quarter ended September 30, 2024.

Planet Fitness wants to acquire bankrupt budget-fitness chain Blink Holdings, according to court filings viewed by CNBC. Planet Fitness previously lost out in a bankruptcy auction against U.K.-based, privately held fitness chain PureGym.