Planet Fitness' (PLNT) Capital Light Franchise Model Is Leading to Sustainable Growth - Cowen
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Planet Fitness, Inc. Announces First Quarter 2016 Results
May 10, 2016 4:06 PM EDTNEWINGTON, N.H., May 10, 2016 /PRNewswire/ --Â Planet Fitness, Inc. (NYSE: PLNT) today reported financial results for its first quarter ended March 31, 2016.
First Quarter Fiscal 2016 Highlights
Total revenue increased from the prior year period by 8.3% to $83.3 million. System-wide same store sales increased 6.8%. Net income was $16.3 million compared to net income of $8.5 million in the prior year period. Pro forma adjusted net income(1) increased 20.5% to $15.2 million, or $0.15 per diluted share, compared to $12.6 million, or $0.13 per diluted share in the... More