Planet Fitness Q4 EPS Tops by 5%, Revenue Up 10.5% but 2026 Guidance Lags
Planet Fitness reported Q4 adjusted EPS of $0.83, topping estimates by $0.04, while revenue rose 10.5% to $376.3 million versus $367.9 million forecast. The company forecast 2026 EPS of $3.35–$3.38 and revenue of $1.443 billion, below consensus, and expects 180–190 new club openings.
1. Q4 Financial Results
Planet Fitness delivered Q4 adjusted EPS of $0.83, beating estimates by $0.04, and revenue of $376.3 million, a 10.5% increase year-over-year. System-wide same club sales rose 5.7%, franchise revenue climbed 9.6%, corporate club revenue was up 7.4%, and equipment segment revenue grew 15.3%, driving adjusted EBITDA to $146.3 million.
2. Expansion and Membership Growth
During the quarter, the company opened 104 new clubs, including 93 franchised and 11 corporate locations, bringing its portfolio to 2,896 units globally. Membership reached approximately 20.8 million, underscoring strong demand for the brand's value proposition.
3. Strong Cash Position
The firm ended Q4 with $345.7 million in cash and $195.0 million in marketable securities, plus $66.3 million in restricted cash for a total liquidity of $607 million, providing flexibility for growth initiatives.
4. Full-Year 2026 Guidance
Planet Fitness projected 2026 adjusted EPS of $3.35 to $3.38 below the $3.54 consensus and revenue of $1.443 billion under the $1.459 billion estimate. The company plans 180 to 190 new club openings, 150 to 160 equipment placements at franchised sites, and forecasts 4% to 5% same club sales growth and approximately 10% EBITDA expansion.