Earnings summaries and quarterly performance for Planet Fitness.
Executive leadership at Planet Fitness.
Colleen Keating
Detailed
Chief Executive Officer
CEO
Bill Bode
Detailed
Chief Operating Officer
Brian Povinelli
Detailed
Chief Marketing Officer
Chip Ohlsson
Detailed
Chief Development Officer
Jamie Medeiros
Detailed
Chief Brand Officer
Jay Stasz
Detailed
Chief Financial Officer
Jennifer Simmons
Detailed
Chief Strategy Officer
Board of directors at Planet Fitness.
Research analysts who have asked questions during Planet Fitness earnings calls.
John Heinbockel
Guggenheim Partners
4 questions for PLNT
Also covers: ACI, ASO, COST +14 more
Rahul Krotthapalli
JPMorgan Chase & Co.
4 questions for PLNT
Also covers: BROS, CAKE, CAVA +8 more
Randal Konik
Jefferies LLC
4 questions for PLNT
Also covers: AKA, BIRK, BOWL +11 more
Sharon Zackfia
William Blair & Company
4 questions for PLNT
Also covers: BIRK, BJRI, BROS +16 more
Jonathan Komp
Robert W. Baird & Co.
3 questions for PLNT
Also covers: AS, BOOT, COLM +11 more
Joseph Altobello
Raymond James & Associates, Inc.
3 questions for PLNT
Also covers: BC, BRCC, CWH +16 more
Maksim Rakhlenko
Cowen and Company
3 questions for PLNT
Also covers: BOOT, FND, OSW +3 more
Simeon Siegel
BMO Capital Markets
3 questions for PLNT
Also covers: AEO, BBWI, BIRK +16 more
Xian Siew
BNP Paribas
3 questions for PLNT
Also covers: BC, DOOO, MANU +3 more
Alexander Perry
Bank of America
2 questions for PLNT
Also covers: COLM, CWH, FOXF +10 more
Chris O'cull
Stifel Financial Corp
1 question for PLNT
Also covers: BROS, CAVA, CMG +11 more
J.P. Scafidi
ROTH Capital Partners
1 question for PLNT
Korinne Wolfmeyer
Piper Sandler & Co.
1 question for PLNT
Also covers: AIRS, BBWI, CHD +14 more
Logan Reich
RBC Capital Markets
1 question for PLNT
Also covers: BROS, CAVA, DPZ +5 more
Lucas Hudson
Bank of America
1 question for PLNT
Also covers: GOOS, MODG
Madison Callinan
Canaccord Genuity
1 question for PLNT
Also covers: CENT, DRVN, DTC +4 more
Marni Lysaght
Macquarie Group
1 question for PLNT
Martin Mitela
Raymond James & Associates, Inc.
1 question for PLNT
Also covers: BRCC, GOLF, HLLY +3 more
Max Rakhlenko
TD Cowen
1 question for PLNT
Also covers: ARHS, BOOT, ORLY +2 more
Megan Christine Alexander
Morgan Stanley
1 question for PLNT
Also covers: BC, CAG, COOK +15 more
Megan Clapp
Morgan Stanley
1 question for PLNT
Also covers: BRBR, CPB, GIS +13 more
Recent press releases and 8-K filings for PLNT.
Planet Fitness Completes Refinancing and Announces Share Repurchase Program
PLNT
Debt Issuance
Share Buyback
- Planet Fitness, Inc. completed a refinancing transaction on December 15, 2025, issuing $750 million in new securitized notes.
- The new notes consist of $400 million Class A-2-I Senior Secured Notes with a 5.274% fixed interest rate and $350 million Class A-2-II Senior Secured Notes with a 5.649% fixed interest rate.
- Proceeds from the refinancing will be used to repay approximately $410 million of existing notes, cover transaction costs, and fund general corporate purposes, including share repurchases.
- Concurrently, the company announced a $350 million accelerated share repurchase (ASR) agreement, utilizing the remaining authorization under its existing $500 million share repurchase program.
- A new $500 million share repurchase program was authorized by the Board of Directors, effective upon the completion of the ASR.
3 days ago
Planet Fitness Announces $350 Million Accelerated Share Repurchase Program
PLNT
Share Buyback
- Planet Fitness, Inc. (PLNT) has entered into a $350 million accelerated share repurchase agreement (ASR Agreement) with Citibank, N.A..
- This ASR Agreement is part of the existing $500 million share repurchase authorization announced on June 13, 2024, with approximately $350 million remaining available before this agreement.
- The company will initially receive approximately 2.5 million shares of Class A common stock, with the final settlement of the transaction expected no later than the first quarter of 2026.
- A new $500 million share repurchase program (2025 Share Repurchase Program) has been authorized by the Board of Directors, which will become effective upon the completion of the ASR Agreement and will replace the 2024 program.
3 days ago
Planet Fitness Completes Refinancing Transaction
PLNT
Debt Issuance
Share Buyback
- Planet Fitness, Inc. completed its previously announced refinancing transaction on December 15, 2025.
- The new 2025 Notes consist of $750 million Class A-2 Senior Secured Notes, issued in two tranches: $400 million Class A-2-I with a 5.274% fixed interest rate and $350 million Class A-2-II with a 5.649% fixed interest rate.
- The refinancing also includes a revolving financing facility for up to $75 million in Variable Funding Notes, with none drawn at closing.
- Proceeds from the 2025 Notes will be used to repay approximately $410 million of Series 2022-1 Class A-2-I Notes, cover transaction costs, fund reserve accounts, and for general corporate purposes, including share repurchases.
3 days ago
Planet Fitness Prices $750 Million Securitized Financing Facility
PLNT
Debt Issuance
Share Buyback
- Planet Fitness priced a $750 million securitized financing facility on December 5, 2025, comprising $400 million Series 2025-1 Class A-2-I Notes at 5.274% (five-year term) and $350 million Series 2025-1 Class A-2-II Notes at 5.649% (seven-year term).
- The proceeds from these notes will be used to repay approximately $410 million of existing Series 2022-1 Class A-2-I Notes, cover transaction costs, and for general corporate purposes, which may include funding share repurchases.
- The company also expects to enter into a new $75 million variable funding note facility, in addition to the existing facility which had no outstanding borrowings as of September 30, 2025.
- The transaction is anticipated to close on or around December 15, 2025.
Dec 5, 2025, 10:04 PM
Planet Fitness Prices $750 Million Securitized Financing Facility
PLNT
Debt Issuance
Share Buyback
- Planet Fitness, Inc. priced $750 million of Series 2025-1 Class A-2 Fixed Rate Senior Secured Notes.
- The offering consists of two tranches: $400 million at a 5.274% fixed interest rate with a five-year anticipated repayment term, and $350 million at a 5.649% fixed interest rate with a seven-year anticipated repayment term.
- Proceeds from the Class A-2 Notes will primarily be used to repay approximately $410 million of existing Series 2022-1 Class A-2-I Notes and for general corporate purposes, which may include funding share repurchases.
- The company also expects to enter into a new $75 million variable funding note facility.
- The transaction is anticipated to close on or around December 15, 2025.
Dec 5, 2025, 10:00 PM
Planet Fitness Announces Proposed Refinancing Transaction
PLNT
Debt Issuance
Share Buyback
- Planet Fitness, Inc. announced a proposed refinancing transaction, which includes the issuance of a new series of securitized debt and the repayment of its existing Series 2022-1 Class A-2-I Notes, which had a principal balance of approximately $410 million as of September 30, 2025.
- The company intends to issue $750 million Series 2025-1 Fixed Rate Senior Secured Notes, Class A-2, with the potential to upsize up to $850 million, subject to market conditions.
- The net proceeds from the securitized financing facility are expected to be used to repay existing notes, cover transaction costs, fund reserve accounts, and for general corporate purposes, which may include funding share repurchases.
- As of September 30, 2025, Planet Fitness had approximately $2.2 billion of outstanding debt under its existing securitized financing facility.
Dec 1, 2025, 11:49 AM
Planet Fitness Announces Proposed Refinancing Transaction
PLNT
Debt Issuance
Share Buyback
- Planet Fitness, Inc. subsidiaries intend to complete a refinancing transaction, which will include the issuance of a new series of securitized debt and entering into a new $75 million variable funding note facility.
- The company plans to issue $750 million Series 2025-1 Fixed Rate Senior Secured Notes, Class A-2, with the potential to upsize up to $850 million.
- Net proceeds are expected to repay approximately $410 million of Series 2022-1 Class A-2-I Notes (as of September 30, 2025) and may be used for general corporate purposes, including funding share repurchases.
- As of September 30, 2025, Planet Fitness had approximately $2.2 billion of outstanding debt under its existing securitized financing facility.
Dec 1, 2025, 11:45 AM
Planet Fitness Outlines Growth Strategy and Club Enhancements at 2025 Investor Day
PLNT
New Projects/Investments
Revenue Acceleration/Inflection
Product Launch
- Planet Fitness reported a net membership increase of approximately 1 million members through Q3. The company plans to allocate more to its national ad fund in 2026 to accelerate top-line growth, leveraging effective marketing messages that will extend into the next year.
- The company is enhancing its member experience with a new "Format Optimized Club" design, which includes updated strength equipment in 80% of clubs by year-end , such as expanded free weights and half racks. This new format has resulted in higher joins, lower attrition, and improved MPS scores.
- The Black Card Spa is being reimagined to drive joins, upgrades, and retention, with five new amenities (dry plunge, Hyperice Recovery, red light infrared sauna, Well-Fit Skin Hydration, Red Light Recovery Pro) being tested as a package in 2026.
- International growth is accelerating, with over 1 million members outside the U.S. and a global footprint expected to surpass 200 clubs in the coming year. Domestically, new club designs aim for over 10% savings on hard construction costs, which are currently around $3 million per club , benefiting from easing real estate conditions and opportunities from retail closures.
Nov 13, 2025, 3:00 PM
Planet Fitness Outlines Growth Strategy and Financial Targets at 2025 Investor Day
PLNT
New Projects/Investments
Guidance Update
Revenue Acceleration/Inflection
- Planet Fitness has grown from approximately 1,000 clubs in 2015 to over 2,800 clubs today and from just over 7 million members to nearly 21 million members today. The company plans to open just under 200 new clubs in 2026 and north of 200 clubs per year in 2027 and 2028.
- The company is executing on four strategic imperatives: evolving its brand to be more modern and relevant, enhancing the member experience, refining its product and optimizing its format, and accelerating growth. This includes increasing net membership by roughly 1 million members through Q3 despite a 50% lift on the entry-level price point and a mid-30% rejoin rate.
- Franchisees overwhelmingly passed a vote to shift one percentage point of the local ad fund to the national ad fund for 2026, effectively moving $45 million to unlock greater scale and efficiency in marketing. The company is also investing in new capabilities like dynamic content optimization, CRM, and expanding its presence on platforms such as Prime Video, Netflix, Hulu, and Twitch.
- For the next three years, Planet Fitness has set the following annual targets :
| Metric | Long-term (Next 3 Years) |
|---|---|
| Revenue Growth (%) | Low double digits |
| Adjusted EBITDA Growth (%) | Mid-teens |
| Adjusted EPS Growth (%) | Mid to high teens |
| New Club Unit Growth (%) | Approximately 6-7% |
| Same Club Sales Growth (%) | Mid-single digits |
- The company aims to operate within a range of four to six times gross leverage, typically leaning towards the bottom half of that range, and plans for opportunistic share repurchases of about $150 million per year between ASRs.
Nov 13, 2025, 3:00 PM
Planet Fitness Outlines Growth Strategy and Financial Outlook at Investor Day 2025
PLNT
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- Planet Fitness (PLNT) has significantly expanded its footprint, growing from 1,000 clubs in 2015 to over 2,800 clubs today, and its membership from 7 million to nearly 21 million. The company is focused on four strategic imperatives: brand evolution, member experience enhancement, product/format refinement, and accelerated growth, supported by easing real estate availability and moderating rent escalation.
- The company reported a net membership increase of approximately 1 million members through Q3 and a roughly 5% increase in average monthly visits compared to last year. To boost marketing effectiveness, Planet Fitness will shift 1% of the local ad fund to the national ad fund for 2026, totaling $45 million, which is expected to yield over 20% savings in media commissions on that portion.
- Planet Fitness is also innovating its Black Card Spa, testing new amenities such as dry plunge and red light infrared sauna to enhance member experience and drive upgrades. Internationally, the company has surpassed 1 million members outside the U.S. and expects to exceed 200 clubs globally in the coming year, with Spain serving as a successful proof of concept.
- For its three-year outlook, Planet Fitness projects approximately 6%-7% new club unit growth, targeting just under 200 new clubs in 2026 and over 200 annually in 2027 and 2028. The company anticipates mid to high teens EPS growth and plans for approximately $150 million per year in share buybacks.
Nov 13, 2025, 3:00 PM
Quarterly earnings call transcripts for Planet Fitness.
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