Planet Fitness (NYSE:PLNT) Full Year 2023 Results
Main financial results
-
Revenue: USD 1 billion (14% increase compared to FY2022).
-
Net profit: USD 138.3 million (39% increase compared to FY2022).
-
Profit margin: 14% (up from 11% in FY2022). The increase in margin was driven by an increase in revenue.
-
EPS: USD 1.63 (up from USD 1.18 in FY2022).
All numbers shown in the chart above are for the trailing 12 month (TTM) period.
Planet Fitness EPS disappoints
Sales were in line with analyst forecasts. Earnings per share (EPS) were 2.5% lower than analysts expected.
Looking ahead, revenue is expected to increase by an average of 11% per year over the next three years, compared to a growth forecast of 9.4% for the U.S. hospitality industry.
performance of American hospitality industry.
The company’s stock price has fallen 4.2% from a week ago.
risk analysis
The ever-present concern of investment risk must be taken into account. We’ve identified 3 warning signs for you We’ve partnered with Planet Fitness (at least two of which we don’t like very much), and understanding them should be part of your investment process.
Have feedback on this article? Curious about its content? contact Please contact us directly. Alternatively, email our editorial team at Simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary using only unbiased methodologies, based on historical data and analyst forecasts, and articles are not intended to be financial advice. This is not a recommendation to buy or sell any stock, and does not take into account your objectives or financial situation. We aim to provide long-term, focused analysis based on fundamental data. Note that our analysis may not factor in the latest announcements or qualitative material from price-sensitive companies. Simply Wall St has no position in any stocks mentioned.
