Planet Fitness announces long-term financial targets through 2028

Planet Fitness Inc. (NYSE: PLNT) outlined its growth strategy and announced financial targets for fiscal years 2026-2028 during its investor day event in Boston.

The fitness chain projects low-double digit percent compound annual revenue growth and mid-teens percent compound annual growth for adjusted EBITDA over the three-year period. The company expects new club unit growth in the 6% to 7% range and system-wide same club sales growth in the mid-single digit percent range.

Planet Fitness also targets mid-to-high teens percent compound annual growth for adjusted net income per share on a diluted basis through 2028.

The company operates 2,795 clubs across all 50 states, the District of Columbia, Puerto Rico, Canada, Panama, Mexico, Australia and Spain as of September 30, 2025. Planet Fitness reported approximately 20.7 million members as of that date.

"Planet Fitness has achieved remarkable growth since its initial public offering 10 years ago, evolving from an industry challenger to a clear leader in the fitness sector," said Chief Executive Officer Colleen Keating.

The company outlined four strategic priorities: evolving the Planet Fitness brand, enhancing member experience, refining club floorplans and amenities for franchisees, and accelerating global club expansion.

Chief Financial Officer Jay Stasz stated the company continues to generate strong free cash flow and return value to shareholders while reinvesting in business growth.

Approximately 90% of Planet Fitness clubs are owned and operated by independent franchisees, according to the company statement.

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