Planet Fitness Reiterates FY2024 Outlook: Adj EPS Of $2.40-$2.44 vs $2.43 Est; Sales Of $1.11B-$1.14B vs $1.13B Est
Portfolio Pulse from Benzinga Newsdesk
Planet Fitness has reiterated its FY2024 outlook, projecting adjusted EPS of $2.40-$2.44, sales of $1.11B-$1.14B, and various growth metrics over 2023 results. The company expects new equipment placements and store openings, along with increases in same store sales, revenue, adjusted EBITDA, and adjusted net income.
August 06, 2024 | 10:33 am
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Planet Fitness has reiterated its FY2024 outlook, projecting adjusted EPS of $2.40-$2.44 and sales of $1.11B-$1.14B. The company expects growth in new equipment placements, store openings, same store sales, revenue, adjusted EBITDA, and adjusted net income.
Reiterating the FY2024 outlook with positive growth expectations in key financial metrics and operational expansions is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100