Planet Fitness Sees FY24 Revenue Growth Of 4%-6% Vs 6%-7% Prior
Portfolio Pulse from Benzinga Newsdesk
Planet Fitness has revised its FY24 growth expectations downward across several financial metrics, including revenue, adjusted EBITDA, adjusted net income, and adjusted net income per share, diluted. The company now anticipates revenue growth of 4%-6%, adjusted EBITDA growth of 7%-9%, adjusted net income growth of 6%-8%, and adjusted net income per share growth of 7%-9%, all of which are lower than its previous forecasts.
May 09, 2024 | 10:54 am
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Planet Fitness has adjusted its FY24 financial growth expectations downward, indicating a more conservative outlook than previously anticipated.
The downward revision in growth expectations for FY24 across key financial metrics such as revenue, adjusted EBITDA, adjusted net income, and adjusted net income per share suggests a more cautious outlook from the company. This could lead to negative investor sentiment in the short term as expectations are adjusted to the new forecasts, potentially impacting the stock price negatively.
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