Planet Fitness 2024 Revenue Climbs on Same Store Sales, Expansion
By Karen Roman
Planet Fitness, Inc. (NYSE:PLNT) said fourth-quarter net income was $47.1 million, or $0.56 per diluted share, compared to $35.3 million, or $0.41 per diluted share, the year prior.
Total revenue rose 19.4% to $340.5 million in Q4 and system-wide same club sales increased 5.5%, with 150 new clubs opened in 2024, the company declared.
Looking forward to 2025, the company expects revenue and adjusted EBITDA to increase 10%, driven by sales growth and new club openings of 160 to 170 locations, it said.
“We had strong results in 2024 and closed out the year with 19.7 million members, posting revenue growth of more than 10% and growing adjusted EBITDA by approximately 12%,” said Colleen Keating, Planet Fitness CEO.
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