Planet Fitness Inc. (NYSE: PLNT) shares surged more than 10% in intra-day trading on Thursday after the gym operator delivered better-than-expected third-quarter results and raised its full-year growth outlook.
The company reported adjusted earnings of $0.80 per share, beating consensus estimates of $0.73. Revenue increased 13% year over year to $330.3 million, above expectations of $323.47 million. System-wide same-store sales rose 6.9% from the prior year.
Planet Fitness opened 35 new locations in the quarter, bringing its global total to 2,795 clubs as of September 30. The company also repurchased about $100 million worth of its shares during the period.
Following the strong performance, the company raised its 2025 guidance. It now expects system-wide same-store sales to grow roughly 6.5%, up from 6.0% previously. Revenue growth is forecast at about 11%, versus a prior projection of 10%.
Planet Fitness also increased its adjusted EBITDA growth outlook to around 12% from 10% and now expects adjusted net income to rise 13% to 14%, up from 8% to 9% earlier.
