Planet Fitness (3PL) AI Stock Analysis

Company Guidance

For 2026, Planet Fitness increased its outlook for system-wide same club sales growth to approximately 1.5% to 2%, expects approximately 190 to 195 new clubs compared with 180 to 190 previously, and lowered new equipment placements to franchisee-owned location to 135 to 140 from 150 to 160; total revenue is expected to grow approximately 8%, adjusted EBITDA approximately 6.5%, adjusted net income to decrease approximately 3%, and adjusted net income per diluted share to grow approximately 6% based on adjusted diluted weighted average shares outstanding of approximately 77 million. Net interest expense is still expected to be approximately $115 million, replacement equipment sales will make up approximately 70% of Equipment segment revenue, equipment margin rate is expected to be approximately 30%, capital expenditures are now up 15%, and depreciation and amortization is expected to be up 7% versus previously up approximately 10%; the outlook does not include any impact from a potential sale of corporate-owned clubs. The company plans highly targeted regional Black Card price increases in the second quarter of 2027, expects total unit growth in 2026 to be 6%, expects similar level of growth in the franchise unit growth in 2027, and expects the Portugal acquisition to be accretive to earnings in 2027 with potential to double its footprint across Iberia over the next 3 to 5 years.