Planet Fitness (PLNT) Misses Q1 EPS by 5c; misses on revenue

Planet Fitness (NYSE: PLNT) reported Q1 EPS of $0.41, $0.05 worse than the analyst estimate of $0.46. Revenue for the quarter came in at $222.2 million versus the consensus estimate of $238.45 million.

The following are 2023 growth expectations over the Company\'s 2022 results:

Revenue to increase in the 13% to 14% range
Adjusted EBITDA to increase in the 17% to 18% range
Adjusted net income to increase in the 30% to 33% range
Adjusted earnings per share to increase in the 33% to 36% range, based on Adjusted diluted shares outstanding of approximately 89.5 million, inclusive of one million shares repurchased.

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

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