Planet Fitness beats by $0.02, reports revs in-line; guides FY19 revs above consensus
- Reports Q4 (Dec) earnings of $0.34 per share, excluding non-recurring items, $0.02 better than the S&P Capital IQ Consensus of $0.32; revenues rose 30.1% year/year to $174.4 mln vs the $173.76 mln S&P Capital IQ Consensus.
- System-wide same store sales increased 10.1%. By segment, franchisee-owned same store sales increased 10.1% and corporate-owned same store sales increased 9.0%.
- Co issues upside guidance for FY19, sees FY19 revs of approx $657 mln vs. $637.84 mln S&P Capital IQ Consensus. System-wide same store sales in the high single digits; Adjusted net income to increase approximately 18% as compared to the year ended December 31, 2018; and Adjusted net income per diluted share to increase approximately 25% as compared to the year ended December 31, 2018