Planet Fitness Inc
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
PLNT$61.34+0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations (Unaudited) for the
Condensed Consolidated Statements of Operations (Unaudited)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| (in thousands, except per share amounts) | 2024 | 2023 | 2024 | 2023 |
| Revenue: | ||||
| Franchise | $82,873 | $80,587 | $254,783 | $237,313 |
| National advertising fund revenue | 19,542 | 17,578 | 59,442 | 52,378 |
| Corporate-owned clubs | 128,132 | 113,245 | 375,976 | 332,885 |
| Equipment | 61,699 | 66,141 | 151,003 | 163,664 |
| Total revenue | 292,246 | 277,551 | 841,204 | 786,240 |
| Operating costs and expenses: | ||||
| Cost of revenue | 45,701 | 53,751 | 116,628 | 132,561 |
| Club operations | 71,614 | 63,120 | 216,119 | 188,011 |
| Selling, general and administrative | 32,647 | 33,290 | 93,453 | 93,705 |
| National advertising fund expense | 19,720 | 17,618 | 59,624 | 52,496 |
| Depreciation and amortization | 41,033 | 37,477 | 120,230 | 110,254 |
| Other losses (gains), net | 280 | (56) | 698 | 7,705 |
| Total operating costs and expenses | 210,995 | 205,200 | 606,752 | 584,732 |
| Income from operations | 81,251 | 72,351 | 234,452 | 201,508 |
| Other income (expense), net: | ||||
| Interest income | 5,610 | 4,245 | 16,687 | 12,339 |
| Interest expense | (26,603) | (21,704) | (72,569) | (64,771) |
| Other (expense) income, net | (558) | 148 | 1,132 | 631 |
| Total other expense, net | (21,551) | (17,311) | (54,750) | (51,801) |
| Income before income taxes | 59,700 | 55,040 | 179,702 | 149,707 |
| Provision for income taxes | 16,523 | 13,474 | 49,824 | 38,855 |
| Losses from equity-method investments, net of tax | (782) | (242) | (3,198) | (580) |
| Net income | 42,395 | 41,324 | 126,680 | 110,272 |
| Less: net income attributable to non-controlling interests | 386 | 2,190 | 1,722 | 7,299 |
| Net income attributable to Planet Fitness, Inc. | $42,009 | $39,134 | $124,958 | $102,973 |
| Net income per share of Class A common stock: | ||||
| Basic | $0.50 | $0.46 | $1.45 | $1.22 |
| Diluted | $0.50 | $0.46 | $1.45 | $1.21 |
| Weighted-average shares of Class A common stock outstanding: | ||||
| Basic | 84,570 | 84,610 | 86,090 | 84,558 |
| Diluted | 84,728 | 84,886 | 86,289 | 84,870 |
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