PLNT - Planet Fitness touts membership growth footprint expansion

Planet Fitness ( NYSE: PLNT ) highlighted its growth in members and locations in an update provided ahead of its presentation at the 2023 ICR conference.

The company preliminarily reported that it has added 1.8M members since the end of 2021 and grown its store base by 158 locations,  placed equipment in 154 new franchised locations and opened 158 new stores, bringing system-wide total stores to 2,410.

"We continued to grow the Planet Fitness footprint and brand presence, resulting in the largest fourth quarter membership growth on record, driving strong momentum heading into 2023,” CEO Chris Rondeau said. “We are thrilled to have welcomed so many new members to Planet Fitness, exceeding our member growth expectations for the year, which we believe reinforces consumers' commitment to health and wellness and that the high-quality, affordable fitness experience Planet Fitness provides continues to resonate.”

Read more on earnings expectations for the company come its official report in February .

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