Planet Fitness IPO Info
Company Name: Planet Fitness
Stock Symbol: PLNT
Exchange: NYSE
Status: Priced
IPO Date: 8/6/2015
IPO Price:
16.00 (
-2.31%)
Underwriters
P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Jefferies LLC, Credit Suisse Securities (USA) LLC.
Amount of Offering: N/A
Number of Shares Offered: 13.5 Mil
Shares Outstanding After Offering: N/A
Valuation: N/A
Company Description
Planet Fitness is one of the largest and fastest-growing franchisors and operators of fitness centers in the United States by number of members and locations, with a highly recognized national brand.
Financial Data
Key financial metrics:
-- 918 stores as of December 31, 2014, compared to 389 as of December 31, 2010, reflecting a compound annual growth rate (�¢ï¿½ï¿½CAGR�¢ï¿½ï¿½) of 23.9%;
-- 6.1 million members as of December 31, 2014, compared to 2.3 million as of December 31, 2010, reflecting a CAGR of 27.6%;
-- 2014 system-wide sales of $1.2 billion, reflecting a CAGR of 30.1%, or increase of $774.3 million, since 2010;
-- 2014 total revenue of $279.8 million, reflecting a CAGR of 32.0%, or increase of $187.5 million, since 2010, of which 3.6% is attributable to revenues from corporate-owned stores acquired from or sold to franchisees since 2010;
-- 33 consecutive quarters of system-wide same store sales growth (which we define as year-over-year growth solely of monthly dues from stores that have been open and for which membership dues have been billed for longer than 12 months);
-- 2014 Adjusted EBITDA of $100.6 million, reflecting a CAGR of 45.3%, or increase of $78.0 million, since 2010; and
-- 2014 net income of $37.3 million, reflecting a CAGR of 22.6%, or increase of $20.8 million, since 2010. Our historical results benefit from insignificant income taxes due to our status as a pass-through entity for U.S. federal income tax purposes, and we anticipate future results will not be consistent as our income will be subject to U.S. federal and state taxes.
SEC Filings
News Headlines
