Planet Fitness - Fitness studio operator benefits from rising membership numbers thanks to discount model!
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Business driver: Planet Fitness (PLNT) has established itself as one of the fastest-growing players in the low-price segment with its franchise model, particularly appealing to consumers with average income. Currently, it boasts 20.7 million registered members. On November 6, Planet Fitness reported a better-than-expected Q3 result, with a 25% increase in adjusted earnings per share to $0.80 (consensus: $0.74). The revenue also exceeded analysts' estimates with a growth of 13.04% to $330.35 million compared to the forecast of $323.43...
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