Free Research Report as Planet Fitness’ Quarterly Revenue Jumped 15.1%; Adjusted EPS Rose 20%

Stock Monitor: Speedway Motorsports Post Earnings Reporting

LONDON, UK / ACCESSWIRE / April 05, 2018 / 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 fourth quarter and fiscal 2017 operating and financial results on February 22, 2018. The fitness center operator outperformed top- and bottom-line expectations and provided guidance for FY18. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Speedway Motorsports, Inc. (NYSE: TRK), 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:

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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 the fourth quarter of 2017, Planet Fitness’ total revenue jumped 15.1% to $134.0 million from $116.4 million in Q4 2016. In the reported quarter, the Company’s system-wide same store sales increased 11.6% on a y-o-y basis. Planet Fitness’ reported numbers beat analysts’ estimates of $131.7 million.

For Q4 2017, net loss attributable to Planet Fitness was $3.5 million, or $0.04 per diluted share, compared to net income attributable to Planet Fitness of $10.6 million, or $0.18 per diluted share, in Q4 2016. The Company’s reported quarter results included a net negative impact of approximately $17.2 million related to the remeasurement of the Company’s deferred tax assets and tax benefit arrangements due to recent tax reform.

Planet Fitness’ adjusted net income totaled $23.5 million, or $0.24 per diluted share, for Q4 2017 from $19.7 million, or $0.20 per diluted share, in Q4 2016. The Company’s earnings surpassed Wall Street’s estimates of $0.23 per share.

In Q4 2017, Planet Fitness’ adjusted earnings before interest, tax, depreciation, and amortization (EBITDA), increased 16.0% to $51.2 million from $44.1 million in Q4 2016.

For the fiscal year ended December 31, 2017, Planet fitness’ total revenue climbed 13.7% to $429.9 million from $378.2 million in FY16.

For FY17, net income attributable to Planet Fitness totaled $33.1 million, or $0.42 per diluted share, compared to net income of $71.2 million and net income attributable to Planet Fitness of $21.5 million, or $0.50 per diluted share, in FY16. The Company’s adjusted net income came in at $82.3 million, or $0.84 per diluted share, from $67.6 million, or $0.69 per diluted share, in FY16.

Planet Fitness’ Segment Results

During Q4 2017, Franchise segment’s revenue, which included commission income, surged 24.6% to $40.0 million from $32.1 million in Q4 2016. The segment’s same store sales increased 11.9% on a y-o-y basis. In the reported quarter, the Franchise segment’s EBITDA rose 23.4% to $32.0 million on a y-o-y basis driven by royalties from both new stores and higher same store sales.

For Q4 2017, the Corporate-owned stores segment’s revenue gained 8.7% to $28.2 million from $26.0 million in Q4 2016. The segment’s same store sales rose 5.6% on a y-o-y basis. The Corporate-owned stores segment’s EBITDA grew 6.5% to $11.3 million on a y-o-y basis driven by higher same store sales and annual fee revenue, partially offset by higher pre-opening costs associated with four corporate-owned stores opened in the reported quarter.

The Equipment segment’s revenue advanced 12.8% to $65.8 million from $58.3 million in Q4 2016. The Equipment division recorded segment’s EBITDA of $15.0 million, down 1.0% on a y-o-y basis.

Share Repurchase Program

Planet Fitness announced that its Board of Directors approved an increase of $80 million to its current $20 million share repurchase program, bringing the total authorized amount available for repurchase to $100 million.

Store Update

During Q4 2017, the Company opened 88 new Planet Fitness stores system-wide, bringing system-wide total stores to 1,518 at December 31, 2017.

Outlook

For the year ending December 31, 2018, Planet Fitness is forecasting total revenue increase of approximately 20% on a y-o-y basis. The Company is expecting system-wide same store sales growth in the high single digit percentage range, and adjusted net income and adjusted net income per diluted share to grow approximately 40% on a y-o-y basis.

Stock Performance Snapshot

April 04, 2018 – At Wednesday’s closing bell, Planet Fitness’ stock rose 2.53%, ending the trading session at $37.66.

Volume traded for the day: 1.04 million shares.

Stock performance in the last three-month – up 14.26%; previous six-month period – up 39.48%; past twelve-month period – up 95.64%; and year-to-date – up 8.75%

After yesterday’s close, Planet Fitness’ market cap was at $3.63 billion.

Price to Earnings (P/E) ratio was at 8.75.

The stock is part of the Services sector, categorized under the Sporting Activities industry. This sector was up 1.0% at the end of the session.

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