PLNT - Planet Fitness Non-GAAP EPS of $0.32 beats by $0.05 revenue of $186.68M misses by $3.76M

Planet Fitness press release (NYSE:PLNT): Q1 Non-GAAP EPS of $0.32 beats by $0.05. Revenue of $186.68M (+66.9% Y/Y) misses by $3.76M. System-wide same store sales increased 15.9%. System-wide sales increased $196 million to $961 million, from $765 million in the prior year period. Adjusted EBITDA increased $33.6 million to $77.3 million from $43.7 million in the prior year period. 37 new Planet Fitness stores were opened during the period, bringing system-wide total stores to 2,291 as of March 31, 2022. Cash of $536.7 million, which includes cash and cash equivalents of $471.2 million and restricted cash of $65.5 million. Shares +0.72% PM.

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Planet Fitness Non-GAAP EPS of $0.32 beats by $0.05, revenue of $186.68M misses by $3.76M