There are two things we need in this life to keep us sane: travel and leisure. And for some, instead of traveling, they turn to fitness as their leisure. If you are one of those people, pay close attention to the following: During trading on Thursday, shares of Planet Fitness (NYSE:$PLNT) demonstrated a strong move to the upside, increasing by 7.6%. Towards the start of the session, the Newington, New Hampshire-based company hit a nearly nine-month intraday high.
What caused the increase? The surge began after the fitness center franchiser and operator posted second quarter results that surpassed analyst estimates and hiked up their 2017 full-year outlook.
Here’s what you need to know about Planet Fitness’s second quarter earnings report:
- Second quarter earnings increased to $12.4 million (16 cents a share) from $4.1 million (11 cents a share) in 2016
- Revenue increased 17% to $107.3 million
- Same-store sales grew 9%
2017 Guidance:
- Revenue is forecast to come in between the range of $409 million to $415 million
- Same-store sales are expected to increase in the range of 8% to 9%
- Adjusted EPS is forecast to come in between the range of 76 cents to 78 cents
Featured Image: twitter
