Planet Fitness (NYSE: PLNT) shares plunged 5.17% in pre-market trading on Thursday after the fitness center operator reported first-quarter 2025 financial results that fell short of analyst expectations across key metrics.
The company's Q1 revenue came in at $276.7 million, missing the analyst consensus estimate of $279.2 million, despite representing an 11.55% increase from the same period last year. Adjusted earnings per share (EPS) also disappointed, with Planet Fitness posting $0.59 per share compared to the expected $0.62. The adjusted net income of $50 million fell below the estimated $51.7 million.
Despite the earnings miss, Planet Fitness maintained its guidance for the year ending December 31, 2025. The company projects a 10% growth in adjusted EBITDA for the full year and expects system-wide same club sales growth of 5% to 6%. CEO Colleen Keating commented on the results, stating that the franchise delivered "healthy growth against a backdrop of increasing volatility in the macro-economic environment." Regarding potential tariff impacts, Planet Fitness believes its exposure is limited at current levels but is developing mitigation plans for future scenarios.
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