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Tuesday, November 7, 2017

-=Planet Fitness (PLNT) reported earnings on Tue 7 Nov 017 (a/h)

Planet Fitness beats by $0.03, beats on revs; raises FY17 EPS, rev and comp guidance; Q3 comps +9.3% 
  • Reports Q3 (Sep) earnings of $0.19 per share, excluding non-recurring items, $0.03 better thanthe Capital IQ Consensus of $0.16; revenues rose 12.1% year/year to $97.5 mln vs the $93.55 mln Capital IQ Consensus. Co reports system-wide same store sales increased 9.3%. Adjusted EBITDA increased 22.4% to $43.4 million from $35.4 million in the prior year period.
  • Co issues raised guidance for FY17, sees EPS of $0.80-0.82 from $0.76-0.78, excluding non-recurring items, vs. $0.78 Capital IQ Consensus Estimate; raises FY17 revs to $425-430 mln from $409-415 mln vs. $415.41 mln Capital IQ Consensus Estimate;raises FY17 System-wide same store sales growth in the 9.5% to 10% range (prior guidance +8-9%) 

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