J.P. Scafidi's questions to Planet Fitness Inc (PLNT) leadership • Q1 2025
Question
J.P. from ROTH Capital Partners asked about the availability of big-box real estate for development and franchisee conversations regarding the future pipeline amid macro and tariff concerns. He also inquired if the strength in member rejoins continued through the winter season.
Answer
CEO Colleen Keating noted big-box availability varies by geography but expects more second-generation space to become available due to retail closures. She confirmed a strong mid-30s rejoin rate in Q1, slightly lower than prior quarters but on a much larger base of new joins. CFO Jay Stasz added that the impact of current tariff levels is embedded in the reiterated guidance and the team is actively working to mitigate build-out cost impacts for franchisees.