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Jefferies Raises Price Target on Planet Fitness (PLNT) Following Solid 3Q

Go back to Jefferies Raises Price Target on Planet Fitness (PLNT) Following Solid 3Q

Planet Fitness, Inc. Announces Third Quarter 2016 Results

October 26, 2016 4:05 PM EDT

NEWINGTON, N.H., Oct. 26, 2016 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT) today reported financial results for its third quarter ended September 30, 2016 and announced it is pursuing an increase in the size of its credit facilities and considering paying a one-time dividend.

Third Quarter Fiscal 2016 Highlights

Total revenue increased from the prior year period by 26.4% to $87.0 million. System-wide same store sales increased 10.0% compared to the prior year period Net income was $14.9 million, or $0.08 per diluted share, compared to net income of $0.7 million, or $0.04 per... More