Planet Fitness Expects 2024 Revenue To Increase 6%-7%, Adjusted EPS To Increase 10%-11%
Portfolio Pulse from Benzinga Newsdesk
Planet Fitness anticipates a revenue increase of 6%-7% and an adjusted EPS growth of 10%-11% for 2024. The company plans to place new equipment in approximately 120 to 130 franchisee-owned locations and expects system-wide same store sales to be in the high single-digit percentage range.
February 22, 2024 | 11:35 am
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Planet Fitness expects a significant growth in revenue and adjusted EPS for 2024, alongside new equipment placements in franchisee-owned locations.
The positive growth forecast in both revenue and adjusted EPS indicates a strong financial outlook for Planet Fitness, which is likely to positively impact investor sentiment and the stock price in the short term. The investment in new equipment could enhance the customer experience, potentially leading to increased membership and retention rates, further supporting revenue growth.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100