Planet Fitness' stock hits a record high after strong Q3 results and a membership fee increase.

Planet Fitness' stock reached a record high following strong Q3 2024 financial results, with revenue up 5% and same-store sales rising 4.3%. The company reported adjusted earnings per share of 64 cents, surpassing expectations. It has raised its annual revenue growth forecast to at least 8%. Additionally, Planet Fitness announced a $15 increase in its Classic Card membership fee, the first hike in 25 years, and aims to expand to 5,000 locations.

November 07, 2024
13 Articles

Further Reading