Cowen Raises Price Target on Planet Fitness (PLNT) to $25 Following 3Q

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Go back to Cowen Raises Price Target on Planet Fitness (PLNT) to $25 Following 3Q

Planet Fitness, Inc. Announces Third Quarter 2016 Results

October 26, 2016 4:05 PM EDT

NEWINGTON, N.H., Oct. 26, 2016 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT) today reported financial results for its third quarter ended September 30, 2016 and announced it is pursuing an increase in the size of its credit facilities and considering paying a one-time dividend.

Third Quarter Fiscal 2016 Highlights

Total revenue increased from the prior year period by 26.4% to $87.0 million. System-wide same store sales increased 10.0% compared to the prior year period Net income was $14.9 million, or $0.08 per diluted share, compared to net income of $0.7 million, or $0.04 per... More