PLNT - Planet Fitness: Q4 Earnings Strong But Decelerating Growth Ahead

2024-02-22 16:18:56 ET

Summary

• Planet Fitness, Inc. Q4 revenues rose 1.4%, driven by growing memberships and franchise fees, but equipment sales dropped.
• System-wide same-store sales increased 7.7%.
• Adjusted EBITDA and net income show steady growth, with adjusted net income up 12.5% from last year.
• Deceleration in growth was guided.
• It is prudent to wait for better tactical entry.

We have traded Planet Fitness, Inc. ( PLNT ) stock several times. Our last trade came after the ouster of CEO Chris Rondeau, good for a 30% gain in 6 weeks. Since then, we have been waiting for another pull back. Today, shares have continued a recent down draft....

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