Planet Fitness (NYSE: PLNT) reported Q4 EPS of $0.60, $0.02 better than the analyst estimate of $0.58. Revenue for the quarter came in at $285.1 million versus the consensus estimate of $282.87 million.

2024 Outlook

For the year ending December 31, 2024, the Company expects the following, which assumes there are no material impacts from COVID-19 or other public health emergencies, or any significant new supply chain disruptions:

New equipment placements of approximately 120 to 130 in franchisee-owned locations
System-wide same store sales in the high single-digit percentage range

The following are 2024 growth expectations over the Company\'s 2023 results:

Revenue to increase in the 6% to 7% range
Adjusted EBITDA to increase in the 10% to 11% range
Adjusted net income to increase in the 9% to 10% range
Adjusted earnings per share to increase in the 10% to 11% range, based on Adjusted diluted shares outstanding of approximately 88 million, inclusive of one million shares repurchased.

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