Planet Fitness Inc (N:PLNT)

Business Focus: Gyms, Fitness and Spa Centers

Sector:  Consumer Cyclicals Industry:  Leisure & Recreation
See Regulatory Filings on SEC
Company Contact
Address: 26 Fox Run Rd
NEWINGTON NH 03801-2810
Tel: N/A
IR: See website
Key People
Stephen Spinelli
Independent Chairman of the Board
Dorvin D. Lively
President, Chief Financial Officer
Christopher J. Rondeau
Chief Executive Officer, Director
Craig Jeffrey Miller
Chief Digital & Information Officer
Business Overview
Planet Fitness, Inc. is a franchisor and operator of fitness centers in the United States. The Company operates through three segments: Franchise; Corporate-owned stores, and Equipment. The Franchise segment includes operations related to the Company's franchising business in the United States, Puerto Rico, the Dominican Republic and Canada. The Corporate-owned stores segment includes operations with respect to all corporate-owned stores throughout the United States and Canada. The Equipment segment includes the sale of equipment to franchisee-owned stores. As of September 30, 2017, it had approximately 10.5 million members and 1,432 stores in 49 states, the District of Columbia, Puerto Rico, Canada and the Dominican Republic. Of its 1,432 stores, 1,261 were franchised and 58 are corporate-owned, as of September 30, 2017.
Financial Overview
For the three months ended 31 March 2019, Planet Fitness Inc revenues increased 23% to $148.8M. Net income increased 38% to $27.4M. Revenues reflect Equipment increase of 32% to $45M, Franchise increase of 26% to $53M, Corporate-owned stores increase of 16% to $38M. Net income benefited from Loss on reacquired franchise rights decrease from $350K (expense) to $0K, Other (gain) loss - decrease of 44% to $368K (expense).
Employees: 1,052 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $7,470M as of Mar 31, 2019
Annual revenue (TTM): $600.38M as of Mar 31, 2019
EBITDA (TTM): $235.94M as of Mar 31, 2019
Net annual income (TTM): $95.55M as of Mar 31, 2019
Free cash flow (TTM): $147.90M as of Mar 31, 2019
Net Debt Last Fiscal Year: $834.64M as of Mar 31, 2019
Shares outstanding: 93,068,322 as of Apr 26, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization