Latest news with #ColleenKeating
Yahoo
07-08-2025
- Business
- Yahoo
Planet Fitness Q2 System-Wide Same Club Sales Up 8.2%
By Karen Roman Planet Fitness, Inc. (NYSE: PLNT) said second quarter total revenue rose 13.3% to $340.9 million compared to the year prior, while also reaching its 10-year anniversary as a public company. Adjusted net income grew $10.4 million to $72.6 million, or $0.86 per diluted share, compared to $62.2 million, or $0.71 per diluted share, it stated. System-wide same club sales increased 8.2% and total membership ended the quarter with approximately 20.8 million, up more than 1 million from the year prior, it said. 'In the second quarter, we delivered strong financial performance and remain confident in our full-year outlook for 2025, even amid near-term economic variability,' said Colleen Keating, Planet Fitness CEO. READ MORE The ONE Group Q2 Revenue Continues To Rise Amidst New Venue Openings Never Miss our Weekly Highlights Contact: Exec Edge Editor@ Click to follow us on LinkedIn Sign in to access your portfolio
Yahoo
06-08-2025
- Business
- Yahoo
Planet Fitness Finally Made Canceling Easier. Why Its CEO Thinks That Could Help Growth
Key Takeaways Planet Fitness is seeing a "slight elevation" in canceled plans after allowing members of all clubs to close memberships online, company executives said Wednesday. The fitness club chain chose to enact a so-called "click-to-cancel" policy because it could help attract members in the future, CEO Colleen Keating said. Shares of Planet Fitness finished Wednesday down some 3%.Making it easier to cancel gym memberships will—in time—bring in more customers, Planet Fitness says. As of May, customers at all Planet Fitness (PLNT) locations have been able to cancel their subscriptions online, CEO Colleen Keating said on a conference call Wednesday. The company is seeing a 'slight elevation' in canceled plans, but the churn may level off in three months based on prior experience, Keating said. 'We believe this is the right thing to do—both to support our members and their experience, and as the industry leader,' she said, according to a transcript made available by AlphaSense. 'Allowing members to more easily manage their membership will only benefit us when they think about rejoining a club in the future,' she said, telling investors that gyms are poised to grow because younger generations are particularly focused on fitness. Planet Fitness voluntarily implemented a so-called 'click-to-cancel' policy. A federal rule would have required gyms, media companies, retailers, and other types of businesses to make it easier to cancel memberships online, but an appeals court blocked the move in July. The New Hampshire-based company narrowed its outlook for same-club sales through the full fiscal year, now anticipating a 6% increase, compared to 5% to 6% growth previously. The adjustment reflects membership churn and the volatile economy, CFO Jay Stasz said. Planet Fitness reported quarterly revenues and profits that rose from a year ago and exceeded Wall Street analysts' expectations, but shares finished Wednesday down some some 3%. Still, the stock has climbed about 7% since the start of the year. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
05-06-2025
- Business
- Yahoo
PLNT Q1 Earnings Call: Brand Evolution and Pricing Drive Member Growth Amid Tariff Concerns
Inclusive gym franchise company (NYSE:PLNT) missed Wall Street's revenue expectations in Q1 CY2025, but sales rose 11.5% year on year to $276.7 million. Its non-GAAP EPS of $0.59 per share was 4.1% below analysts' consensus estimates. Is now the time to buy PLNT? Find out in our full research report (it's free). Revenue: $276.7 million (11.5% year-on-year growth) Adjusted EPS: $0.59 vs analyst expectations of $0.62 (4.1% miss) Operating Margin: 28.6%, up from 26.5% in the same quarter last year Same-Store Sales rose 6.1% year on year, in line with the same quarter last year Market Capitalization: $8.83 billion Planet Fitness' first quarter performance was shaped by increased member engagement, strategic marketing, and ongoing product enhancements. CEO Colleen Keating highlighted the successful rollout of a refreshed brand campaign, noting that member visits per month reached their highest level in five years. The company also saw continued growth in its higher-priced Black Card membership tier, supported by targeted promotions and a narrowed pricing gap with the Classic Card. Management attributed the quarter's results to a balanced approach of rate increases and net membership growth, with Gen Z emerging as the fastest-growing demographic. CFO Jay Stasz pointed to effective cost control and a continued focus on franchisee unit economics as key operational themes. Looking ahead, management expects its strategic imperatives—brand repositioning, enhanced club formats, and expanded strength equipment—to support steady growth despite macroeconomic uncertainty and potential tariff impacts. CEO Colleen Keating said, 'We remain steadfastly focused on unit economics,' emphasizing that tariff exposure is being managed through vendor negotiations and alternative sourcing. The rollout of click-to-cancel functionality, required by new regulations, is also expected to impact churn rates in the near term but could improve join conversion over time. With new club openings weighted toward the back half of the year and ongoing tests of premium amenities, Planet Fitness believes its value proposition remains resilient, particularly among younger consumers. Management attributed the quarter's results to targeted marketing, club format enhancements, and a mix of price-driven and membership-led growth, while flagging tariff uncertainty and a regulatory change as operational headwinds. Black Card Membership Penetration: The proportion of members in the higher-priced Black Card tier rose to 65%, driven by successful first-month-free promotions and a narrowed price gap versus the Classic Card. This shift boosted average revenue per member and reflects consumer willingness to pay for added value. Brand Campaign and Member Engagement: The refreshed 'We Are All Strong' campaign improved brand perception and increased purchase intent from both former and prospective members. Management reported a 30%+ rejoin rate and the highest member club utilization in five years, indicating stronger engagement and retention. Club Format and Equipment Mix: Nearly 1,800 clubs now feature a more balanced mix of strength and cardio equipment, a change made in response to member feedback. Franchisees have overwhelmingly opted for this new layout, and management expects the transition to be completed across all clubs by year-end. Tariff Mitigation Efforts: The company is working closely with vendors to offset the impact of new tariffs on equipment. CFO Jay Stasz detailed efforts to leverage scale, negotiate with manufacturers, and explore alternative sourcing to protect franchisee economics, stating that current tariff levels do not materially impact 2025 targets. Regulatory Change—Click-to-Cancel: The mandated rollout of online membership cancellation is underway. While expected to increase churn initially, early tests showed it can also lift join conversion rates, potentially offsetting negative effects over time. Planet Fitness expects growth to be driven by ongoing brand investment, expanded club amenities, and careful management of external risks such as tariffs and regulatory changes. Brand and Product Investments: Management is prioritizing data-driven marketing campaigns, new club layouts, and expanded strength offerings to attract new members and boost retention. The High School Summer Pass program is also set to drive seasonal member engagement and longer-term conversion. Tariff and Cost Management: The company is proactively addressing tariff-related cost pressures by negotiating with vendors, sourcing equipment from alternative markets, and leveraging its purchasing scale. While current tariffs are not expected to affect 2025 guidance, management remains vigilant about potential future increases. Regulatory and Churn Impact: The full implementation of click-to-cancel functionality is expected to cause a short-term uptick in membership cancellations, but management believes improved member experience and transparency will help sustain growth. Early tests suggest increased join rates may counterbalance higher churn. In the coming quarters, the StockStory team will watch (1) the impact of the nationwide click-to-cancel rollout on both churn and join rates, (2) the pace and profitability of new club openings in the U.S. and international markets, and (3) the effectiveness of brand and product innovations—such as expanded strength equipment and premium Black Card amenities—in driving member growth and retention. Ongoing tariff developments and franchisee sentiment will also be important markers to monitor. Planet Fitness currently trades at a forward P/E ratio of 34.8×. At this valuation, is it a buy or sell post earnings? The answer lies in our full research report (it's free). The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today. Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
Yahoo
29-05-2025
- Business
- Yahoo
Strength Starts Here: Planet Fitness' Annual High School Summer Pass™ Program Returns to Utah This June
Teens can pre-register today and work out for free from June 1 – August 31 at Utah's 15 clubs and over 2,700 nationwide and get stronger together SALT LAKE CITY, May 29, 2025--(BUSINESS WIRE)--Planet Fitness, one of the largest and fastest-growing franchisors and operators of fitness centers with more members than any other fitness brand, announces the return of its annual High School Summer Pass™ program. Celebrating its fifth year, the initiative invites high school teens ages 14 – 191 to go all in on the gym this summer to fuel their passions by working out for free at any of its 15 Utah locations and 2,700+ Planet Fitness locations throughout the U.S. and Canada. Utah teens can visit to register for the program with club access beginning Sunday, June 1 through Sunday, August 31. Find the club nearest you here. Since launching the program in 2019, Planet Fitness has invested more than $300M in waived membership dues to promote youth health and wellness, and improve the physical and mental health of millions of teens.2 Planet Fitness' High School Summer Pass program has helped millions of teens establish healthy fitness habits during the summer months, a critical time when many young people lack access to organized physical activities. To better understand what today's Utah teens are experiencing—and how to support them—Planet Fitness conducted a nationwide study,3 revealing the following key insights: Mental Health is a Major Concern: 66 percent of parents are concerned about their teen's well-being and stress levels and 72 percent of parents believe that consistent exercise can improve their teen's mental wellness. Unfortunately, around three in five teens report their stress and anxiety are not improving and getting worse as they get Older. Working Out is a Solution: Encouragingly, 90 percent of teens say exercise helps them feel happy, with 88 percent noting improved mood after exercise. Exercise is More Than Physical Health: Teens believe physical activity helps deal with emotional ups and downs of being a teenager, 93 percent agree that regular exercise is beneficial when handling challenges. Screen Time is Consuming: 81 percent of teens acknowledge that social media and video games take up a significant portion of their day. In fact, nearly four in five teens report that avoiding social media is helpful. Summer Brings a Fitness Slump: 50 percent of teens report that their fitness levels tend to decline when school is out for summer break. "At Planet Fitness, we offer a high value experience to both our members and High School Summer Pass participants in a welcoming, Judgement Free environment where everyone can get a great workout," said Colleen Keating, Chief Executive Officer. "With free access to our clubs throughout the summer, we're providing teens with the tools they need to develop healthy 5 fitness habits that can last a lifetime. We look forward to welcoming teens this summer to experience the mental and physical health benefits of exercise in the Judgement Free Zone®." "We're thrilled to bring back the High School Summer Pass program to our Utah clubs for the fifth consecutive year," said Christian Shipley, senior director of operations for Planet Fitness. "Summer is a crucial time for teens to stay active, build confidence, and focus on their physical and mental wellness goals. By providing free access to our judgement free clubs, we're helping Utah teens create healthy habits that will benefit them well beyond the summer months. We're excited to welcome them in and help them take charge of their health and wellness journey." All Utah High School Summer Pass participants will have access to: Planet Fitness' complete range of strength equipment, including new plate-loaded machines, best-in-class cardio equipment, and stretching space as well as new power racks, new impact pads, and all new cardio machines at Utah's Orem and West Valley locations. Free fitness training from certified fitness trainers 4 Teen-specific workout plans designed to build strength safely and effectively The free Planet Fitness App featuring hundreds of on-demand digital exercises A welcoming, non-intimidating community environment For more information on High School Summer Pass, including how to sign up for the free summer membership at any of the Utah locations and more than 2,700 Planet Fitness others in the U.S. and Canada, visit 1 Teenagers ages 14 – 19 can visit any Planet Fitness location in the United States and Canada. Teens must work out at the location they sign up at and are not permitted to use other locations. Teens under 18 or the age of majority in the applicable jurisdiction, must sign-up with a parent or guardian in-club or online at Once the parent or guardian waiver is signed for teens under 18 or the age of majority in the applicable jurisdiction, teens can work out alone. Students who are already 18 or the age of majority in the applicable jurisdiction do not need a parent or guardian to be present during the sign-up process. 2 Ten million teen participants since 2019, $10 per month, three-month program 3 Online survey conducted by Wired Research to 1,000 parents of teens ages 14-19 and their respective teens, with a margin of error of +/- 3.1 percent. 4 Locations are independently owned and operated; please check your local club for details. About Planet Fitness Founded in 1992 in Dover, NH, Planet Fitness is one of the largest and fastest-growing franchisors and operators of fitness centers in the world by number of members and locations. As of March 31, 2025, Planet Fitness had approximately 20.6 million members and 2,741 clubs in all 50 states, the District of Columbia, Puerto Rico, Canada, Panama, Mexico, Australia and Spain. The Company's mission is to enhance people's lives by providing a high-quality fitness experience in a welcoming, non-intimidating environment, which we call the Judgement Free Zone®. More than 90% of Planet Fitness clubs are owned and operated by independent business men and women. View source version on Contacts Media Contact Cole StenzelPublic Relations Manager801-746-1668cstenzel@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
29-05-2025
- Health
- Business Wire
Strength Starts Here: Planet Fitness' Annual High School Summer Pass™ Program Returns to Utah This June
SALT LAKE CITY--(BUSINESS WIRE)-- Planet Fitness, one of the largest and fastest-growing franchisors and operators of fitness centers with more members than any other fitness brand, announces the return of its annual High School Summer Pass™ program. Celebrating its fifth year, the initiative invites high school teens ages 14 – 19 1 to go all in on the gym this summer to fuel their passions by working out for free at any of its 15 Utah locations and 2,700+ Planet Fitness locations throughout the U.S. and Canada. Utah teens can visit to register for the program with club access beginning Sunday, June 1 through Sunday, August 31. Find the club nearest you here. Since launching the program in 2019, Planet Fitness has invested more than $300M in waived membership dues to promote youth health and wellness, and improve the physical and mental health of millions of teens. 2 Planet Fitness' High School Summer Pass program has helped millions of teens establish healthy fitness habits during the summer months, a critical time when many young people lack access to organized physical activities. To better understand what today's Utah teens are experiencing—and how to support them—Planet Fitness conducted a nationwide study, 3 revealing the following key insights: Mental Health is a Major Concern: 66 percent of parents are concerned about their teen's well-being and stress levels and 72 percent of parents believe that consistent exercise can improve their teen's mental wellness. Unfortunately, around three in five teens report their stress and anxiety are not improving and getting worse as they get Older. Working Out is a Solution: Encouragingly, 90 percent of teens say exercise helps them feel happy, with 88 percent noting improved mood after exercise. Exercise is More Than Physical Health: Teens believe physical activity helps deal with emotional ups and downs of being a teenager, 93 percent agree that regular exercise is beneficial when handling challenges. Screen Time is Consuming: 81 percent of teens acknowledge that social media and video games take up a significant portion of their day. In fact, nearly four in five teens report that avoiding social media is helpful. Summer Brings a Fitness Slump: 50 percent of teens report that their fitness levels tend to decline when school is out for summer break. 'At Planet Fitness, we offer a high value experience to both our members and High School Summer Pass participants in a welcoming, Judgement Free environment where everyone can get a great workout,' said Colleen Keating, Chief Executive Officer. 'With free access to our clubs throughout the summer, we're providing teens with the tools they need to develop healthy 5 fitness habits that can last a lifetime. We look forward to welcoming teens this summer to experience the mental and physical health benefits of exercise in the Judgement Free Zone®.' 'We're thrilled to bring back the High School Summer Pass program to our Utah clubs for the fifth consecutive year,' said Christian Shipley, senior director of operations for Planet Fitness. 'Summer is a crucial time for teens to stay active, build confidence, and focus on their physical and mental wellness goals. By providing free access to our judgement free clubs, we're helping Utah teens create healthy habits that will benefit them well beyond the summer months. We're excited to welcome them in and help them take charge of their health and wellness journey.' All Utah High School Summer Pass participants will have access to: Planet Fitness' complete range of strength equipment, including new plate-loaded machines, best-in-class cardio equipment, and stretching space as well as new power racks, new impact pads, and all new cardio machines at Utah's Orem and West Valley locations. Free fitness training from certified fitness trainers 4 Teen-specific workout plans designed to build strength safely and effectively The free Planet Fitness App featuring hundreds of on-demand digital exercises A welcoming, non-intimidating community environment For more information on High School Summer Pass, including how to sign up for the free summer membership at any of the Utah locations and more than 2,700 Planet Fitness others in the U.S. and Canada, visit 1 Teenagers ages 14 – 19 can visit any Planet Fitness location in the United States and Canada. Teens must work out at the location they sign up at and are not permitted to use other locations. Teens under 18 or the age of majority in the applicable jurisdiction, must sign-up with a parent or guardian in-club or online at Once the parent or guardian waiver is signed for teens under 18 or the age of majority in the applicable jurisdiction, teens can work out alone. Students who are already 18 or the age of majority in the applicable jurisdiction do not need a parent or guardian to be present during the sign-up process. 2 Ten million teen participants since 2019, $10 per month, three-month program 3 Online survey conducted by Wired Research to 1,000 parents of teens ages 14-19 and their respective teens, with a margin of error of +/- 3.1 percent. 4 Locations are independently owned and operated; please check your local club for details. About Planet Fitness Founded in 1992 in Dover, NH, Planet Fitness is one of the largest and fastest-growing franchisors and operators of fitness centers in the world by number of members and locations. As of March 31, 2025, Planet Fitness had approximately 20.6 million members and 2,741 clubs in all 50 states, the District of Columbia, Puerto Rico, Canada, Panama, Mexico, Australia and Spain. The Company's mission is to enhance people's lives by providing a high-quality fitness experience in a welcoming, non-intimidating environment, which we call the Judgement Free Zone®. More than 90% of Planet Fitness clubs are owned and operated by independent business men and women.
