Planet Fitness: Q1 Earnings Snapshot
By AP News
Published - May 04, 2023, 06:42 AM ET
Last Updated - Jun 21, 2023, 10:59 PM EDT
HAMPTON, N.H. (AP) — HAMPTON, N.H. (AP) — Planet Fitness Inc. (PLNT) on Thursday reported first-quarter net income of $22.7 million.
The Hampton, New Hampshire-based company said it had net income of 27 cents per share. Earnings, adjusted for amortization costs and non-recurring costs, were 41 cents per share.
The results missed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share.
The fitness center operator posted revenue of $222.2 million in the period, also missing Street forecasts. Nine analysts surveyed by Zacks expected $241.8 million.
