Pivotal Point Tracking Planet Fitness (PLNT): 20.7 Million Members - Black Card Memberships Rise to 66.1% in Q3!

Planet Fitness, an operator and franchisor of fitness clubs with a low-cost concept, reported an adjusted earnings per share of $0.80 for Q3, exceeding the consensus estimate of $0.74. Revenue increased by 13% year-over-year to $330.3 million, also above expectations. The strength of Planet Fitness lies in its scalable franchise model and its focus on first-time users and price-sensitive customers. The company benefited from a sustained health and wellness trend and ended the quarter with an impressive 20.7 million members. A key growth driver...