Planet Fitness Q1 2024 Adj EPS $0.41 Misses $0.50 Estimate, Sales $248.00M Miss $249.48M Estimate
Portfolio Pulse from Benzinga Newsdesk
Planet Fitness reported Q1 2024 adjusted EPS of $0.41, missing the $0.50 estimate, and sales of $248.00M, slightly below the $249.48M estimate. This represents an 11.60% increase in sales compared to the same period last year.

May 09, 2024 | 10:31 am
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Planet Fitness reported lower-than-expected Q1 2024 earnings and sales, missing EPS estimates by 18% and sales estimates slightly.
Missing both EPS and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. The miss, although slight in terms of sales, was significant for EPS, which is a critical measure of profitability.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100