Planet Fitness reported third‑quarter 2025 results on November 6 2025, with total revenue of $330.3 million, up 13.0% from $292.2 million a year earlier. Same‑club sales grew 6.9%, reflecting continued member retention and demand for its fitness services. Net income reached $58.8 million, translating to earnings per share of $0.70, which missed the consensus estimate of $0.72 by $0.02. The company also repurchased approximately $100 million of its shares, underscoring management’s confidence in the firm’s valuation and cash‑flow generation.
The revenue beat of $5.44 million over the analyst estimate of $324.86 million was driven by a robust mix of franchise and corporate‑owned club performance. The 13% year‑over‑year growth outpaced the 5.3% increase seen in Q3 2024, indicating accelerated demand in core segments. Operating margin expanded to 32.4% from 27.8% a year earlier, a sign that pricing power and operational leverage are offsetting higher cost inputs.
The EPS miss, while modest, can be attributed to a slight uptick in operating expenses that outweighed the margin expansion. The company’s cost‑control initiatives and scale benefits helped keep the miss narrow, but the $0.02 shortfall highlights the impact of rising input costs and the need for continued discipline.
Management raised its full‑year 2025 guidance, lifting revenue growth to approximately 11% from 10%, adjusted EBITDA growth to about 12% from 10%, and adjusted net‑income growth to 13‑14% from 8‑9%. The upward revisions signal confidence in sustained demand, effective cost management, and the ability to scale the asset‑light model. The guidance update reflects the company’s belief that its strategic initiatives—such as accelerating club openings and enhancing member experience—will continue to drive growth.
CEO Colleen Keating said, "We are making significant progress in executing on our long‑term strategy, as highlighted by our strong financial performance during the quarter, which enabled us to raise certain growth targets for our 2025 outlook." The statement underscores the company’s focus on strategic execution and confidence in its growth trajectory.
Investors responded positively to the results, citing the revenue beat, the guidance upgrade, and the share‑repurchase program as key drivers of confidence in Planet Fitness’s future performance.
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