Planet Fitness’ Q4 Tops Wall Street Targets
February 23, 2023
Planet Fitness, Inc. reported fourth-quarter profits more than doubled, beating expectations and forecasted an upbeat full-year outlook following strength in its December national sales, which helped to drive “record membership growth.”
Excluding nonrecurring items, adjusted earnings per share increased to 53 cents, topping Wall Street’s consensus estimate of 47 cents. Revenue was $381.3 million, above Wall Street’s consensus estimate of $271.5 million. SGB Media
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