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MOST RECENT CONFERENCE CALL TRANSCRIPT
Planet Fitness, Inc. (PLNT) Q1 2026 Earnings Call Transcript _ Seeking Alpha
2026 Outlook
For the year ending December 31, 2026, the Company is reiterating the following expectations:
- New equipment placements of approximately 150 to 160 in franchisee-owned locations.
- System-wide new club openings of approximately 180 to 190 locations.
Based on lower net joins than planned in the first quarter, which has an outsized impact on full year results due to the seasonal nature of the Company’s subscription revenue model and the decision to pause the Black Card price increase, the Company is updating certain of its 2026 growth expectations over 2025 results as follows:
- System-wide same club sales growth of approximately 1% (previously 4% to 5%).
- Revenue to increase approximately 7% (previously approximately 9%).
- Adjusted EBITDA to increase approximately 6% (previously approximately 10%).
- Adjusted net income to decrease approximately 2% (previously an increase of 4% to 5%).
- Adjusted net income per share, diluted to increase approximately 4% (previously 9% to 10%), based on adjusted diluted weighted-average shares outstanding of approximately 79.0 million (previously 80.0 million), inclusive of shares expected to be repurchased.
The Company now expects 2026 net interest expense to be approximately $111.0 million (previously $114.0 million). It also continues to expect capital expenditures to increase approximately 10% to 15% driven by additional clubs in our corporate-owned portfolio and depreciation and amortization to increase approximately 10% compared to 2025.