Planet Fitness Flexes Q3 Earnings Muscle With EPS Beat, Sales Growth, And First Classic Card Membership Price Hike In 25 Years

Planet Fitness, Inc. (NYSE:PLNT) shares are trading higher on Thursday.

The company reported third-quarter adjusted earnings per share of 64 cents beating the street view of 58 cents. Quarterly sales of $292.25 million (+5.3%) beat the analyst consensus estimate of $285.87 million.

System-wide same-club sales (formerly same-store sales) rose 4.3%, while system-wide sales grew to $1.2 billion, up from $1.1 billion last year.

Adjusted EBITDA increased by $11.2 million, rising to $123.1 million from $111.9 million in the same period last year.

During the period, 21 new Planet Fitness clubs were opened, comprising 12 franchisee-owned and 9 ...