Planet Fitness grew Q3 revenue by 5% with a mixture of new locations and same-store sales growth of 4.3%. And not only did the top line grow, the company also grew the bottom line. It reported Q3 operating income of $81 million, up from $72 million in the prior-year period.

Shares of Planet Fitness bulked up after the company's third-quarter earnings beat analyst estimates. The gym operator’s stock rose 11% Thursday, and is on track for its highest close since Feb. 2022.

Planet Fitness Inc.’s stock was rallying by nearly 14% on Thursday after the gym operator’s adjusted profit and revenue outperformed analyst estimates. The company said its “solid” results for the quarter included its first membership-fee price increase in more than 25 years.

My name is Kayla, and I will be your conference operator today. At this time, I would like to welcome everyone to the Q3 Planet Fitness earnings call. [Operator instructions] I would now like to turn the call over to Stacey Caravella,

Fintel reports that on November 8, 2024, Macquarie downgraded their outlook for Planet Fitness (NYSE:PLNT) from Outperform to Neutral. Analyst Price Forecast Suggests 3.98% Downside As of October 22,