Planet Fitness: Fourth Quarter Financial Highlights

Planet Fitness Reports Strong Fourth Quarter Earnings

Planet Fitness Inc., headquartered in Hampton, New Hampshire, announced a net income of $60.4 million for the fourth quarter.

Earnings per share reached 73 cents, and after adjusting for one-time expenses, the figure rose to 83 cents per share.

These results surpassed analysts’ expectations, as the consensus among nine Zacks Investment Research analysts had projected earnings of 79 cents per share.

The company generated $376.3 million in revenue during the quarter, outperforming the $365.1 million anticipated by eight Zacks analysts.

For the full year, Planet Fitness reported a profit of $219.1 million, or $2.62 per share, with total revenue amounting to $1.32 billion.

This article was produced by Automated Insights using data from Zacks Investment Research.