Planet Fitness cuts FY24 adjusted EPS view to up 7%-9% from up 10%-11%

Consensus $2.49. Cuts FY24 revenue view to up 4%-6% from up 6%-7%, consensus $1.14B. Cuts FY24 adjusted EBITDA view to up 7%-9% from up 10%-11%. The company said, “The Company continues to expect 2024 net interest expense to be approximately $70.0 million. It also expects capital expenditures to increase approximately 25% driven by additional stores in our corporate-owned portfolio and depreciation and amortization to increase in the 11% to 12% range.”