Planet Fitness Lifts Outlook as 3Q Revenue Climbs

By Connor Hart

Planet Fitness raised its outlook for the year after revenue rose in the latest quarter, boosted by the chain's efforts to increase member growth.

The gym operator also on Thursday said it has begun a strategic review of re-franchising opportunities for its corporate-owned clubs in the U.S., and that the board authorized a new share-repurchase program of up to $500 million.

Third-quarter profit came in at $52 million, or 70 cents a share, compared with a profit of $58.8 million, also equivalent to 70 cents a share, in the year prior.

Stripping out certain one-time items, earnings were 83 cents a share. Analysts polled by FactSet expected adjusted earnings of 81 cents a share.

Total revenue climbed 9% to $360 million, topping Wall Street models for $348.3 million.

System-wide same-club sales increased 1.5%. Comparable sales beat analyst views for a 0.3% gain, but slowed substantially from the 6.9% gain that Planet Fitness reported the year prior.

Chief Executive Colleen Keating said the chain is making progress against initiatives designed to accelerate member growth and reinforce affordability.

"We are also energized by the international expansion opportunities available to us, most recently our acquisition of Be-Fit in Portugal, which marks our entry into a sixth international market and our second country in Europe," she said.

Looking ahead, Planet Fitness continues to expect adjusted per-share earnings to rise about 6%. Revenue is now projected to increase about 8%, up from a prior outlook of up 7%.

The company additionally said it now anticipates system-wide same-club sales growth of about 1.5% to 2% for the year, up slightly from a prior outlook of up about 1%.

Shares ticked up 1.3%, to $58.10, ahead of the opening bell.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

November 05, 2026 09:36 ET (14:36 GMT)