Markets.News
Pre-market on Wednesday, Planet Fitness Inc (NYSE: PLNT) saw a decline in shares after releasing their first-quarter 2025 financial results. The gym franchise reported a 11.5% year-on-year increase in sales, totaling $276.7 million, falling short of the analyst projection of $279.16 million. Within their segments, franchise revenue grew by 10.7% Y/Y, corporate-owned stores by 9.2% Y/Y, and equipment sales by 28.7% Y/Y. System-wide same club sales rose by 6.1% Y/Y, hitting $1.3 billion as compared to last year's $1.2 billion. The quarter ended with 20.6 million members, up by approximately 900,000 from the prior year. Their adjusted earnings per share stood at 59 cents, missing the analyst forecast of 62 cents. Operating expenses climbed to $197.5 million from...