Planet Fitness Stock Drops 6.7% as Same-Club Growth Slows
Planet Fitness (NYSE:PLNT) reported Q2 revenue of $365.2M, up 7.1% y/y, and GAAP net income of $67.1M. Shares fell about 6.7% after systemwide same-club sales rose 1.7% versus 8.2% a year earlier. The company opened 23 clubs to 2,930 locations, kept full-year guidance, and repurchased $200M of stock.




