Planet Fitness, Inc. (NYSE:PLNT) shares traded higher Friday as investors weighed strong quarterly execution against a reduced full-year outlook.
The fitness chain also faced fresh analyst pressure after a Wall Street analyst downgraded the stock, citing slowing membership momentum and limited near-term catalysts.
On Thursday, the company reported first-quarter financial results and cut its fiscal-year 2026 guidance below estimates.
Q1 Highlights
Planet Fitness reported adjusted earnings per share of 74 cents, beating the consensus estimate of 63 cents. In addition, it reported revenue of $337.23 million, beating the consensus estimate of $299.32 million and representing a 21.9% year-over-year increase.
Planet Fitness said system-wide same club sales increased 3.5% in the quarter, while system-wide sales rose $88 million year-over-year to $1.4 billion.
Bank of America Securities analyst Andrew G. Didora downgraded the stock from Buy to Neutral, lowering the price forecast from $110 to $59.
Analyst’s Take
The …
This post was originally published here
