On its 10th anniversary as a public company, Planet Fitness Inc. (NYSE: PLNT) reported strong second quarter results for fiscal year 2025, with system-wide same club sales rising 8.2% and total revenue increasing by 13.3% year-over-year to $340.9 million, according an Aug. 6 press release.
The Hampton, NH, company ended the quarter with approximately 20.8 million members and reiterated its full-year growth outlook.
Net income attributable to Planet Fitness Inc. reached $58.0 million, or $0.69 per diluted share, up from $48.6 million, or $0.56 per share, in the same period last year. Adjusted net income increased to $72.6 million, or $0.86 per diluted share. Adjusted EBITDA rose 15.8% to $147.6 million from $127.5 million a year earlier.
Planet Fitness CEO Colleen Keating
“Over the past decade, through a steadfast commitment to our mission and strategy, we’ve added nearly 14 million members, expanded our global footprint by more than 1,700 clubs, and established a presence in all 50 states and four additional countries,” said Colleen Keating, chief executive officer, in a prepared statement. “While we are proud of our accomplishments, we believe there is even greater opportunity ahead.”
During the quarter, 23 new clubs were opened system-wide, including 20 franchisee-owned and 3 corporate-owned, bringing the total to 2,762 clubs worldwide. The company held $582.5 million in cash and marketable securities at quarter end.
Segment revenue increased across the board:
“Early momentum in programs like our High School Summer Pass – which is now in its fifth year and outpacing prior-year sign-ups and workouts – underscores our potential,” Keating said. “In the second quarter, we delivered strong financial performance and remain confident in our full-year outlook for 2025, even amid near-term economic variability.”
As part of its asset-light strategy, Planet Fitness signed a binding agreement on Aug. 4, to sell eight corporate-owned clubs in California to a franchisee. The transaction is expected to close in the third quarter.
Looking ahead, the company reaffirmed its 2025 guidance, including:
Planet Fitness was founded in 1992 in Dover, NH, and now operates in all 50 U.S. states and several international markets. More than 90% of its clubs are owned by independent franchisees.
Editor’s note: This report was condensed and edited from a press release with the assistance of artificial intelligence.
The unstoppable New Hampshire economy of the post-COVID years is running into economic headwinds of higher unemployment and inflation, a nonpartisan economic research firm said in late August. No definitive evidence points to a recession, the New Hampshire Fiscal Policy Institute said in an economic issues brief.
Free credentialing program is designed to boost timber industry workforce
In the last budget cycle, lawmakers had expanded eligibility for the scholarship to families making up to 85% of the state median income.
Concord considers $535K rail purchase to extend Greenway Trail, raising questions for Scenic Railriders
A federal judge has rejected most of telecommunications developer Vertex Towers’ legal challenge to build a 150-foot cellular tower on residential land in Hampton, dealing the company a significant setback.
Superior Court Judge David Ruoff has once again ruled that the state has shirked its duty to fund an adequate education and this time further held that local school property taxes, which vary in rate from one municipality to another, are themselves unconstitutional.
The NH Tech Alliance is seeking applicants for the 19th annual Product of the Year competition, which will highlight the best innovation from the Granite State over the past year.
Enhancing the use of AI is one of the benefits cited in SilverTech’s recent purchase of Ohio-based Paragon, which brings to the table a broad client list that deepens the digital experience agency's portfolio.
New England states fared average or below, with Massachusetts and Connecticut receiving failing grades
