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Planet Fitness (PLNT) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

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For the quarter ended June 2024, Planet Fitness (PLNT - Free Report) reported revenue of $300.94 million, up 5.1% over the same period last year. EPS came in at $0.71, compared to $0.65 in the year-ago quarter.

The reported revenue represents a surprise of +2.93% over the Zacks Consensus Estimate of $292.39 million. With the consensus EPS estimate being $0.65, the EPS surprise was +9.23%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Planet Fitness performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Same-store sales

    : 4.2% compared to the 5.1% average estimate based on seven analysts.
  • Total Stores - End of period

    : 2,617 versus the seven-analyst average estimate of 2,623.
  • EOP Franchise Stores

    : 2,358 versus 2,361 estimated by six analysts on average.
  • EOP Corporate Stores

    : 259 versus 262 estimated by six analysts on average.
  • Corporate-owned same store sales

    : 4% versus 5.6% estimated by five analysts on average.
  • Total Stores - New stores opened

    : 18 versus the five-analyst average estimate of 25.
  • Franchisee-owned same store sales

    : 4.3% versus 5% estimated by five analysts on average.
  • Revenue- National advertising fund

    : $20.11 million versus the seven-analyst average estimate of $19.89 million. The reported number represents a year-over-year change of +11.8%.
  • Revenue- Franchise

    : $87.68 million versus $86.80 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +8.5% change.
  • Revenue- Equipment segment

    : $67.69 million versus $57.39 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -8.4% change.
  • Revenue- Corporate-owned stores segment

    : $125.47 million versus $126.49 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +10.3% change.
  • Revenue- Franchise segment

    : $107.79 million versus the seven-analyst average estimate of $107.33 million. The reported number represents a year-over-year change of +9.1%.
View all Key Company Metrics for Planet Fitness here>>>

Shares of Planet Fitness have returned +4.8% over the past month versus the Zacks S&P 500 composite's -6.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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