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: 4 Liberty Lane West
HAMPTON NH 03842
Tel: N/A
Website: https://investor.planetfitness.com
IR: See website
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Key People
Craig R. Benson
Interim Chief Executive Officer, Director
Thomas J. Fitzgerald
Chief Financial Officer
Bill Bode
Division President, U.S. Franchise
Jennifer Simmons
President - Corporate Clubs
   
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 its franchising business in the United States, Puerto Rico, Canada, Panama, Mexico and Australia. The Corporate-owned stores segment includes operations with respect to all corporate-owned stores throughout the United States and Canada. The Equipment segment primarily includes the sale of equipment to franchisee-owned stores in the United States, Canada and Mexico. The Company's subsidiaries operate three lines of business, which include licensing and selling franchises, owning and operating fitness centers, and selling fitness-related equipment to franchisee-owned stores. The Company has approximately 2,498 stores in 50 states, the District of Columbia, Puerto Rico, Canada, Panama, Mexico and Australia.
Financial Overview
For the fiscal year ended 31 December 2023, Planet Fitness Inc revenues increased 14% to $1.07B. Net income increased 39% to $138.3M. Revenues reflect Corporate-owned stores segment increase of 18% to $449.3M, Franchise segment increase of 18% to $387.9M, Equipment segment increase of 3% to $234.1M, U.S. segment increase of 15% to $1.04B, International segment increase of 2% to $28.5M.
Employees: 3,411 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $7,012M as of Dec 31, 2023
Annual revenue (TTM): $1,071M as of Dec 31, 2023
EBITDA (TTM): $434.83M as of Dec 31, 2023
Net annual income (TTM): $138.31M as of Dec 31, 2023
Free cash flow (TTM): $194.27M as of Dec 31, 2023
Net Debt Last Fiscal Year: $1,633M as of Dec 31, 2023
Shares outstanding: 88,169,420 as of Mar 4, 2024
Index Membership: S&P 400 Mid Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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