Planet Fitness Inc. (NYSE:PLNT) shares rose Thursday after the company posted its third-quarter results, which topped street estimates.

The company reported adjusted earnings per share of 80 cents, up from 64 cents a year ago, topping analysts’ estimates of 74 cents.

Total Revenue rose 13.0% to $330.35 million, ahead of Wall Street expectations of $323.43 million.

Also Read: Planet Fitness Pumps Up FY25 Sales Guide To $1.43 Billion After Smashing Q2 Results

System-wide sales rose to $1.3 billion, up from $1.2 billion a year earlier, while system-wide same club sales increased 6.9%.

Adjusted EBITDA climbed $17.7 million to $140.76 million from the prior year period.

The company ended the quarter with $385.41 million in cash, cash equivalents and restricted cash.

Planet Fitness stated that it repurchased approximately $100 million of its shares during the quarter.

Planet Fitness opened 35 new clubs system-wide during the quarter, including 29 franchise-owned and six corporate-owned locations, bringing ...