Planet Fitness (PLNT) Reports Q2 EPS of $0.17; Issues Solid Outlook
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Planet Fitness, Inc. Announces Second Quarter 2016 Results
August 11, 2016 4:05 PM EDTNEWINGTON, N.H., Aug. 11, 2016 /PRNewswire/ --Â Planet Fitness, Inc. (NYSE: PLNT) today reported financial results for its second quarter ended June 30, 2016.
Second Quarter Fiscal 2016 Highlights
Total revenue increased from the prior year period by 15.9% to $91.5 million. System-wide same store sales increased 7.6% Net income was $18.1 million, or $0.11 per diluted share, compared to net income of $11.6 million in the prior year period. Adjusted net income(1) increased 27.5% to $16.8 million, or $0.17 per diluted share, compared to $13.2 million in the prior year period. Adjusted EBITDA(1) increased... More