Planet Fitness, Inc. (NYSE:PLNT) shares surged more than 6% in premarket trading Thursday, after the fitness chain topped Wall Street expectations for both earnings and revenue and raised its full-year growth outlook.
The company reported adjusted earnings of $0.80 per share for the third quarter, beating the analyst consensus of $0.73, while revenue grew 13.0% year-over-year to $330.3 million, above the expected $323.47 million. System-wide same-store sales advanced 6.9% from the prior year, reflecting steady member engagement and franchise expansion.
“We are making significant progress in executing on our long-term strategy, as highlighted by our strong financial performance during the quarter, which enabled us to raise certain growth targets for our 2025 outlook,” said Colleen Keating, Chief Executive Officer.
During the quarter, Planet Fitness opened 35 new locations, bringing its global network to 2,795 clubs as of September 30. The company also repurchased roughly $100 million worth of its shares during the period as part of its ongoing capital return program.
Reflecting its strong momentum, Planet Fitness raised several key aspects of its 2025 guidance. It now expects system-wide same-store sales growth of around 6.5%, up from its prior 6.0% forecast, and revenue growth of roughly 11%, compared to the earlier estimate of 10%.
The company also lifted its adjusted EBITDA growth outlook to about 12%, up from 10%, and now anticipates adjusted net income growth between 13% and 14%, versus the previous 8% to 9% range.
Planet Fitness maintained its projections for new equipment placements (130–140) at franchise-owned gyms and system-wide new club openings of 160–170 for the full year, underscoring continued confidence in expansion and franchise demand.