Planet Fitness Reports Q3 2026 Growth Driven by Membership and Franchise Revenue
Planet Fitness (PLNT) reported third-quarter revenue of $360.0 million, a 9.0% increase driven by growth across all business segments. The company saw system-wide same-club sales grow by 1.5%, exceeding management's previous expectations. Membership reached 21.5 million, representing a 4% year-over-year increase, while Black Card penetration rose to 68%. Despite top-line growth, adjusted net income fell to $61.9 million from $67.0 million in the prior year due to higher interest expenses and depreciation. The company also noted a decline in adjusted EBITDA margin to 40.6%, primarily attributed to higher NAF contribution rates. Management highlighted real estate market constraints as a factor slowing domestic club development, though they successfully expanded internationally through the $114.8 million acquisition of the Be-Fit platform in Portugal.
Tickers: $PLNT
Topics: Adjusted EPS EBITDA Membership Growth Revenue Growth