Planet Fitness posts Q3 earnings beat, raises 2026 outlook and launches $500 million buyback
Planet Fitness reported third‑quarter 2026 revenue of $360.0 million, up 9.0% year‑over‑year, and net income of $52.0 million, or $0.70 per diluted share. Adjusted earnings were $0.83 per share and adjusted EBITDA rose to $146.2 million. The company announced a new $500 million share‑repurchase authorization, a strategic review of its domestic corporate‑owned clubs, and the acquisition of Be‑Fit, a Portuguese chain of 25 clubs.
Why it matters
The $500 million buyback expands capital return to shareholders, while the raised 2026 revenue growth target to 8% and EBITDA growth target to 6.5% signal higher future earnings potential (the company said in its outlook update,). The Be‑Fit acquisition adds a foothold in Portugal, expanding the international footprint.
Key facts
- 1Total revenue increased 9.0% to $360.0 million for the quarter ended September 30, 2026. prnewswire.com
- 2Net income was $52.0 million, or $0.70 per diluted share. prnewswire.com
- 3Adjusted earnings per share were $0.83 and adjusted EBITDA was $146.2 million. prnewswire.com
- 4System‑wide same‑club sales grew 1.5% year‑over‑year. prnewswire.com
- 5The board authorized a new share‑repurchase program of up to $500 million. prnewswire.com
- 6Planet Fitness entered the Portugal market by acquiring Be‑Fit, a chain of 25 clubs. prnewswire.com
Summary written by AlphAI AI Desk from 9 of 9 sources. Not investment advice. Figures are as stated by the linked sources.