Planet Fitness (PLNT) Q3 2026 Earnings
How Did PLNT Stock React to Q3 2026 Earnings?
Did PLNT Beat Earnings? Q3 2026 Results
Yes. Planet Fitness reported Q3 2026 earnings of $0.83 a share on Nov 5, 2026, beating the $0.81 consensus estimate by 2.3%. Revenue was $360.0M against a $348.7M estimate.
Planet Fitness delivered a clean beat in its third quarter of 2026, extending its run of consensus EPS beats to five consecutive quarters as adjusted earnings of $0.83 per share cleared the $0.81 estimate by 2.28% and revenue of $359.98 million topped expectations by 3.24%, rising 9.0% year over year. The clearest engine behind both figures was a surge in National Advertising Fund revenue, which jumped $10.40 million after franchisees' NAF contribution rate moved from 2% to 3% at the start of 2026, while royalty revenue added another $3.90 million on new club growth and a 1.5% system-wide same club sales increase. Adjusted EBITDA climbed to $146.20 million, representing margins of roughly 41%. On the strategic front, the company completed its acquisition of Portuguese operator Be-Fit for approximately $102.50 million, entering its sixth international market, and launched a new $500.00 million buyback authorization. Management raised its full-year revenue growth target to approximately 8% and lifted same club sales guidance to roughly 1.5% to 2%, signaling growing confidence in the membership recovery underway.
- System-wide same club sales up 1.5%; franchise same club sales up 1.5%; corporate-owned same club sales up 1.8%
- NAF revenue up $10.4 million from the NAF contribution rate increase from 2% to 3% for 2026
- Royalty revenue up $3.9 million from new clubs and same club sales growth
- Equipment revenue up $9.6 million from higher replacement equipment sales to existing franchisee-owned clubs
- Adjusted EBITDA up $5.4 million to $146.2 million with margins of approximately 41%
- Share repurchases reduced the adjusted diluted share count to 75,046 thousand from 84,033 thousand, lifting adjusted EPS to $0.83
“We delivered same club sales growth ahead of our expectations and adjusted EBITDA margins of approximately 41% while making meaningful progress on the initiatives designed to accelerate member growth, reinforce affordability, and generate long-term value during the third quarter.”
Planet Fitness CEO, on the earnings call
What Is Planet Fitness's Outlook?
For full-year 2026, Planet Fitness raised several targets: - System-wide same club sales growth to approximately 1.5%–2% (previously ~1%). - Revenue growth to approximately 8% (previously 7%). - Adjusted EBITDA growth to approximately 6.5% (previously 6%). - System-wide new club openings to approximately 190–195, including Be-Fit (previously 180–190). It lowered other expectations: - New equipment placements in franchisee-owned locations to approximately 135–140 (previously 150–160). - Depreciation and amortization growth to approximately 7% (previously 10%). Capital expenditures are now expected to increase approximately 15% (previously 10%–15%). The company reiterated: - Adjusted diluted EPS growth of approximately 6%, based on about 77.0 million adjusted diluted weighted-average shares. - Net interest expense of approximately $115.0 million. - An approximately 3% decrease in adjusted net income. The Be-Fit acquisition is expected to be accretive to earnings in 2027.
PLNT YoY Financials
| Metric | Q3 2026 | Q3 2025 | Year over year |
|---|---|---|---|
| Revenue | $360.0M | $330.3M | +9.0% |
| Operating Income | $101.5M | $101.3M | +0.2% |
| Net Income | $52.0M | $58.8M | −11.6% |
PLNT Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.