Quarterly ResultMay 7, 2026, 06:32 AM
Planet Fitness Cuts 2026 Outlook; Q1 Revenue Up 21.9% to $337.2M
AI Summary
Planet Fitness, Inc. announced strong first-quarter 2026 financial results, with total revenue increasing 21.9% to $337.2 million and diluted EPS rising to $0.65. However, the company updated its 2026 outlook, significantly lowering growth expectations for system-wide same club sales, revenue, and Adjusted EBITDA, and projecting a decrease in Adjusted net income. This revision is attributed to slower-than-expected net member growth and the decision to pause a planned national Black Card price increase. The company repurchased $50.0 million of Class A common stock.
Key Highlights
- Q1 2026 total revenue increased 21.9% to $337.2 million.
- Q1 2026 net income attributable to Planet Fitness, Inc. was $51.6 million, or $0.65 diluted EPS.
- System-wide same club sales increased 3.5% in Q1 2026.
- Ended Q1 2026 with approximately 21.5 million members and 2,909 clubs.
- Repurchased 613,725 shares of Class A common stock for $50.0 million.
- Updated 2026 outlook: system-wide same club sales growth now ~1% (previously 4-5%).
- Updated 2026 outlook: revenue to increase ~7% (previously ~9%).
- Updated 2026 outlook: Adjusted net income to decrease ~2% (previously increase 4-5%).