Planet Fitness (PLNT) Reports Q2 EPS of $0.17; Issues Solid Outlook

Planet Fitness (NYSE: PLNT) reported Q2 EPS of $0.17, versus $0.00 reported last year. Revenue for the quarter came in at $91.5 million, versus $78.95 million reported last year.

GUIDANCE:

Planet Fitness sees FY2016 EPS of $0.63-$0.66. Planet Fitness sees FY2016 revenue of $366-372 million.

Christopher Rondeau, Chief Executive Officer, commented, "Following a strong start to the year our business accelerated during the second quarter highlighted by system-wide same store sales growth of 7.6%. We continue to successfully attract new members to our affordable, non-intimidating fitness offering, including a large percentage of first time gym users. Membership growth at our legacy stores as well as our newly opened locations are fueling strong gains in our high margin franchise segment. We believe this trend will continue as our group of well capitalized franchisees is on schedule to open a record number of new stores this year and we continue to leverage the power of our national advertising fund to drive brand awareness. We have never been more excited about the future growth prospects for Planet Fitness or as confident in the potential of our business model to drive significant long-term value for our shareholders."

For earnings history and earnings-related data on Planet Fitness (PLNT) click here.

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