Cowen Remains Bullish on Planet Fitness (PLNT) Following 2Q EPS Beat
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Planet Fitness, Inc. Announces Second Quarter 2015 Results
September 2, 2015 4:01 PM EDTNEWINGTON, N.H., Sept. 2, 2015 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT) today reported financial results for its second quarter ended June 30, 2015.
Second Quarter Fiscal 2015 Highlights
Total revenue increased from the prior year period by 25.9% to $79.0 million. System-wide same store sales increased 7.3%. Net income was $11.5 million compared to $8.8 million in the prior year period. Pro forma adjusted net income(1) increased 28.9% to $12.9 million, or $0.13 per diluted share, compared to $10.0 million, or $0.10 per diluted share in the prior year period. Adjusted EBITDA(1) increased 27.5% to... More