Free Post Earnings Research Report: Planet Fitness’ Revenue Advanced 12.1%; Adjusted EPS 17.9%

Stock Monitor: Peak Resorts Post Earnings Reporting

LONDON, UK / ACCESSWIRE / December 22, 2017 / Active-Investors.com has just released a free earnings report on Planet Fitness, Inc. (NYSE: PLNT). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=PLNT. Planet Fitness reported its third quarter fiscal 2017 (Q3 FY17) operating results on November 07, 2017. The fitness center operator outperformed top- and bottom-line expectations and also raised its guidance for the full year 2017. Register today and get access to over 1000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for Peak Resorts, Inc. (NASDAQ: SKIS), which also belongs to the Services sector as the Company Planet Fitness. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=SKIS

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Planet Fitness most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=PLNT

Earnings Highlights and Summary

For its third quarter ended September 30, 2017, Planet Fitness’ total revenue jumped 12.1% to $97.5 million from $87.0 million in Q3 2016. The Company’s revenue numbers exceeded analysts’ estimates of $93.7 million.

Planet Fitness’ same-store sales (comp) were positive for the 43rd consecutive quarter increasing 9.3% on top of a 10% comp gain in Q3 2016.

Planet Fitness’ operating income jumped 29.8% to $34 million for Q3 2017 compared to operating income of $26.2 million in Q3 2016. On an adjusted basis, the Company’s adjusted operating margin was 35.8% in the reported quarter versus 32% in the prior year’s same quarter, an increase of 380 basis points. Planet Fitness’ adjusted EBITDA, jumped 22.4% to $43.4 million from $35.4 million in the prior year’s same period.

During Q3 2017, Planet Fitness’ net income was $18.9 million, or $0.18 per diluted share, compared to net income of $14.9 million, or $0.08 per diluted share, in Q3 2016. The Company’s adjusted net income advanced 17.9% to $18.7 million, or $0.19 per diluted share, from $15.9 million, or $0.16 per diluted share, in the prior year’s same period, and came in ahead of Wall Street’s estimates of $0.16 per share.

Planet Fitness’ Segment Results

During Q3 2017, the franchise segment’s revenue, which includes commission income, surged 30.6% to $35.6 million from $27.2 million in the prior year’s same period. The Company’s corporate-owned stores segment’s revenue advances 7.1% to $28.6 million from $26.7 million in the prior year’s corresponding period.

During Q3 2017, the equipment segment’s revenue grew 0.8% to $33.4 million from $33.1 million in Q3 2016. The Company’s system-wide same store sales increased 9.3%. By segment, franchisee-owned same-store sales increased 9.6% and corporate-owned same-store sales increased 5.1%.

The Franchise segment’s EBITDA surged 31.2% to $29.9 million driven by royalties from new franchised stores opened since September 30, 2016, increased royalty rate and higher same-store sales.

The Company’s corporate-owned stores segment’s EBITDA advanced 14.2% to $12.0 million driven primarily by higher monthly and annual revenue, including an increase in same-store sales, and improved operating margin.

The equipment segment’s EBITDA increased by 7.4% to $7.7 million driven by an increase in replacement equipment sales to existing franchisee-owned stores.

Cash Matters

As of September 30, 2017, Planet Fitness had cash and cash equivalents of $93.3 million compared to cash and cash equivalents of $40.4 million as of December 31, 2016.

Store Update

31 new Planet Fitness franchise stores were opened during Q3 2017, bringing system-wide total stores to 1,432 as of September 30, 2017.

Outlook

For the year ending December 31, 2017, Planet Fitness is forecasting total revenue between $425 million and $430 million. The Company is expecting system-wide same store sales growth in the 9.5% to 10% range, up from its previous guidance of 8% to 9%, and adjusted net income of $79 million to $81 million, or $0.80 to $0.82 per diluted share, compared to the Company’s previous guidance of $0.76 to $0.78. Planet Fitness is anticipating selling and placing equipment into approximately 190 to 200 new stores.

Stock Performance Snapshot

December 21, 2017 – At Thursday’s closing bell, Planet Fitness’ stock advanced 1.61%, ending the trading session at $34.65.

Volume traded for the day: 713.64 thousand shares.

Stock performance in the last month – up 11.34%; previous three-month period – up 28.76%; past twelve-month period – up 72.90%; and year-to-date – up 72.39%

After yesterday’s close, Planet Fitness’ market cap was at $3.29 billion.

Price to Earnings (P/E) ratio was at 52.03.

The stock is part of the Services sector, categorized under the Sporting Activities industry. This sector was up 0.4% at the end of the session.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third-party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charter-holder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors

ReleaseID: 484841