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Planet Fitness, Inc. (PLNT) franchises and operates fitness centers.
It operates through three segments: Franchise, Corporate-owned stores, and Equipment.
The Franchise segment is involved in franchising business in the United States, Puerto Rico, Canada, and the Dominican Republic.
The Corporate-owned stores segment operates corporate-owned stores in the United States and Canada.
The Equipment segment engages in the sale of fitness equipment to franchisee-owned stores.
The Company's stores are typically over 20,000 square feet, with a selection of purple and yellow Planet Fitness-branded cardio, circuit- and weight-training equipment and staff trainers offering free fitness instruction to members in small groups through its PE@PF program. Its fitness centers are located in urban areas and company uses spaces that were previously used as large box stores or shopping centers.
As of December 31, 2017, the company had 1,518 fitness centers owned and franchised stores in 47 states, including the District of Columbia, Puerto Rico, the Dominican Republic, and Canada.
Shares are heading higher in a bullish "double bottom" shown in blue. The company is scheduled to report its earnings on August 6th.
On May 2nd, the company reported 1st Quarter March 2019 earnings of $0.35 per share on revenue of $148.8 million. The consensus earnings estimate was $0.34 per share on revenue of $152.7 million.
The company said it continues to expect 2019 earnings of approximately $1.53 per share on revenue of approximately $658.8 million. The current consensus earnings estimate is $1.54 per share on revenue of $664.1 million for the year ending December 31, 2019.
52-Weeks Trading Range: $44.97 - $81.90
Entry Point: $77.50
Stop Loss: $73.50
Target Price: $85.25
Closed at $65
