Piper Jaffray Raises Price Target on Planet Fitness (PLNT) Following 3Q Upside
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Planet Fitness, Inc. Announces Third Quarter 2015 Results
November 12, 2015 4:05 PM ESTNEWINGTON, N.H., Nov. 12, 2015 /PRNewswire/ -- Planet Fitness Inc. (NYSE: PLNT) today reported financial results for its third quarter ended September 30, 2015.
Third Quarter Fiscal 2015 Highlights
Total revenue increased from the prior year period by 8.4% to $68.8 million. System-wide same store sales increased 6.9%. Net loss was $3.9 million compared to net income of $8.1 million in the prior year period. Pro forma adjusted net income(1) increased 6.6% to $10.3 million, or $0.10 per diluted share, compared to $9.7 million, or $0.10 per diluted share in the prior year period. Adjusted EBITDA(1)... More