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Planet Fitness, Inc. (PLNT)

NYSE - Nasdaq Real Time Price. Currency in USD
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63.53-1.66 (-2.55%)
As of 10:15AM EDT. Market open.
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  • M
    Mauricio
    Most failures and loss in Investment usually happens when you invest without proper knowledge of the market. I was able to recover my losses with Henry Artem Strategy. He makes you learn while earning massively on how to trade crypto profitably. I have earned 650k from a 50k investment within 1 month. You can easily get to Mr. Henry Artem on 🆃🅴🅻🅴🅶🆁🅼 (HENRYARTEM) for Crypto-related issues.
  • S
    Sum Invest
    Opening a Planet Fitness on average for a Franchisee is between 1.5Million - 4 Million. Average Net Profits between $100K-$200K. Time to recoup initial investment 10-25 years. Franchise stores grew at a slow pace YOY for a 1st Q at 2,142 locations this year compared to 2021 locations last year. With a 6.6 Billion Market Cap, P/E Ratio of 142 and net income of 42 Million last year with stalled growth you would be better off buying a franchise then this stock. With slowing growth this should drop to a 10X-20X P/E not 142.
  • T
    Tom
    Can anyone explain how this can sell with a p/e of 140 in an industry that has to have shrinkage as people look to cut their expenses? Fitness clubs seem to be one of the first to go.
  • J
    JT_kirk20
    Bought gyms at the top of the market
    those buys will be upside down by 2023
  • P
    Paul
    Ten dollars a share. At tops. That's all this is worth.
  • K
    Kevin
    Gym hours being cut in most of the gyms in my location
  • j
    justmoi
    PLNT Is Total Cr*p And Will Simply Be Going Under In My Humble Opinion.
    I got "thrown out" of my local club in 2018 and I took steps to vindicate my standing at the club to no avail.
    I had done nothing wrong and was a daily, one hour per session, customer.
    I would usually get on a cardio for half an hour, and then do the other machines.
    I liked the club but the management were thugs, and criminals here at my local club, as well as in the upper management.
    I went so far as to hire an attorney to no avail since I was not interested in any "money damages", as i had none. so no attorney was interested in taking my complaint to court.

    These guys will "fold" folks!

    $ 70.16-4.72 (-6.30%)
    As of 12:38PM EDT. Market open.

    100% are going to fail on bad business practices, and customer abuse.
    i even contacted the managing board on the east coast and they did nothing for me (would not help me).
  • J
    JT_kirk20
    gym membership will be the first thing to get cut in a tight household budget .
  • S
    Stanley
    141.67 is the PE with a price of 72 bucks. Who's buying this? PE's under 10 are a find but do you really want to pay that much over book value? Peloton in the same boat.
  • J
    Jason
    I think 8% inflation warrants a raise in premiums buy by one dollar now
  • K
    KAYKHAM
    With everything is going up in prices, plnt should benefit from this. I see big beats in earning.
  • B
    Bikerguy
    I’m good friends with the regional manager, We spoke at length about the growth that they are seeing store to store district district and region to region year over year today versus before Covid. They have a 3% increase in enrollment that’s it. The general problem that they’re experiencing like everybody else is labor and hiring managers for clubs Most of the people that are applying for a manager position have little to no qualifications. The person also went on to tell me that the region that she is in was acquired by a hedge fund they have 120 clubs in their region and the new matrix that the owners are looking at our black club memberships black club enrollments. The black card enrollments are flat there’s been no increase as virtually everybody that signs up is doing it for their basic low and one club membership the alleged suppose benefits for a black card outside of planet fitness with corporations for discounts are not an incentive enough for people to spend the extra $12 a month. I have to say as a shareholder I’m very disappointed in hearing only a 3% increase in enrollment I would’ve suspected 15 to 20% increase since the world is opening back up and we’re looking at other businesses that are Reliant upon consumers going into a location say restaurants movie theaters they are all up 15-20% or greater. And planet fitness needs to have an immediate corrective course of action because of my eyes 3% is Flat. We spoke for about an hour and a half total there’s other areas of concern that I voiced from what I see when going into the clubs where I work out as a primary club and the other clubs in the area that I also work out at we discussed their sales training program which is virtually nonexistent. Needless to say flat to 3% earnings growth is not going to provide any increase shareholder value in the near term.
  • L
    Lauren
    Have you guys ever heard of (http://Themaxgains.tech)? The picks on there are way better than PLNT
  • J
    James
    went to a restaurant last night there were a good number of young people 25 to 40 plus that should be in planet fitness the argument that people will drop out because of bad economy i dont buy it cut out one or two drinks a mouth will pay pay for membership
  • m
    matthew
    I have seen the PLNT commercials often and just shorted the stock. I like Dennis Rodman after the 'Last Dance' series. I gained a new respect for the troubled man. The angry heavy man saying "that makes me mad and later that makes me happy" is bizarre in an add. The second wave of European covid will take PLNY down 50% just like peloton. Sooner than later. A lot more fitness and weight loss options now than a few years ago.
  • J
    J
    Just how overvalued was PLNT? The chain of strip mall gyms has fallen 20% from its high and is still valued at >12x revenue and >150 PE. These are high growth, high margin software company multiples. 12x revenue!!
  • g
    gary
    Planet Fitness Earnings
    Revenue for the chain rose 30.1% to $174.4 million. The results just beat Wall Street's forecast for $173.69 million. Wall Street expected Planet Fitness earnings per share to jump 33% to 32 cents. But the earnings came in higher, at 34 cents.

    Same-store sales rose 10.1%, marking the company's 48th straight quarter of positive same-stores sales gains.

    For the full year, Planet Fitness forecast a roughly 15% revenue gain. Analysts currently expect $637.15 million in revenue for 2019. That would mark an 11% gain from the $572.9 million Planet Fitness logged for all of last year.

    Planet Fitness also said it expected a 25% jump in adjusted earnings per share. Wall Street forecast EPS of $1.43 for 2019, which would be a 17% gain from the $1.22 per share Planet Fitness earned in 2018.

    The company said it expected same-store sales to increase "in the high single digits." That's a slight deceleration from the 10.2% posted last year.

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    Planet Fitness Stock
    Planet Fitness stock jumped 2.5% to 58.30 after hours in the stock market today. The IBD 50 stock on Friday briefly topped a 59.62 flat-base entry, touching a record 61.51 before drifting lower. Shares continued falling Monday.

    Planet Fitness stock on Tuesday was finding support at its 50-day line. The 50-day line is a key test of investors' support in a stock. Planet Fitness stock traded tightly for much of this year.

    'Amazonian' Business Model?
    The attempted breakout by Planet Fitness stock on Friday came after a Jefferies analyst said the company had an "Amazonian business model" that protected it from competition.

    The analyst, Randal Konik, likened the company to a "platform," along the lines of Netflix (NFLX) and Amazon, that could drive sales and consumer commitment.

    That platform, he said, consisted of digital services like an app that makes for smoother service. More "premium memberships," advertising, and a broader array of gym equipment could help create more loyal customers. The company's Black Card perks program has room to grow. Franchising should keep expansion brisk and lighten the company's costs.

    And in some ways, Amazon (AMZN), which has forced physical retailers to clear out of stores over the years, has also helped companies like Planet Fitness grow.

    "From our group of experienced franchisees who are eager to expand their footprints to increasingly favorable real estate trends, our growing national and local advertising budgets and our initiatives aimed at enhancing the member experience, we believe there are tremendous opportunities to build on our recent accomplishments," Planet Fitness CEO Chris Rondeau said in a statement on Tuesday.

    'Robust' Fitness Industry
    Planet Fitness last year said it would "work to build upon our current momentum as brick-and-mortar retail continues to be under pressure from online businesses." Management added that "landlords are increasingly looking to Planet Fitness to drive traffic in their centers."

    Konik said that the fitness industry remains "robust," as rival high-value, low-price gyms expand as well.

    But the discount fitness center market remains fairly scattered. Only a handful have more than 100 stores to their name, compared to Planet Fitness' 1,650. Konik said Planet Fitness' "marketing engine allows it to pull away from the pack."

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    BLOW OUT EARNINGS - Revenue for the chain rose 30.1% to $174.4 million. The results just beat Wall Street's forecast for $173.69 million. Wall Street expected Planet Fitness earnings per share to jump 33% to 32 cents. But the earnings came in higher, at 34 cents.
  • W
    Why is Yahoo punishing me?
    Planet Fitness reports bigger quarterly loss than expected..
  • w
    wolf of washington st
    this is still higher than pre covid so....... based on every other stock this may be going down.....
  • J
    Jack
    Liabilities greater than assets is pretty scary. There will be some if not a lot of franchises that will not be able to keep it’s commitments to Corp-scary. How do they plan to pay 2 billion dollars in debt when net income for the quarter is a small 10 million and no income potentially for foreseeable future-scary. Stock price to me seems like it should be about $30 per share