Planet Fitness: Powering To New Highs
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Planet Fitness, Inc. has reported strong Q3 growth with a 5.3% increase in revenues and adjusted EBITDA of $123.1 million. Despite slower equipment sales, the franchise and subscription model remains robust, with 21 new stores opened. Concerns about debt persist, but increased guidance has triggered a stock rally.
November 07, 2024 | 4:30 pm
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Planet Fitness reported a 5.3% increase in Q3 revenues and adjusted EBITDA of $123.1 million. The company opened 21 new stores, highlighting international expansion. Despite debt concerns, increased guidance has led to a stock rally.
The strong Q3 performance with increased revenues and EBITDA, along with new store openings, indicates robust growth. The increased guidance has positively impacted the stock, outweighing debt concerns in the short term.
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