Planet Fitness earnings date
Planet Fitness (3PL) Q3 2026 Earnings Report
DE:3PL Q3 2026 EPS Results
- Actual EPS
- EUR 0.75
- Consensus EPS
- EUR 0.73
- Beat/Miss
- Beat by +EUR 0.02
- One Year Ago EPS
- EUR 0.72
DE:3PL Q3 2026 Revenue Results
- Actual Revenue
- EUR 324.40M
- Expected Revenue
- EUR 313.92M
- Beat/Miss
- Beat by +EUR 10.48M
- YoY Revenue Growth
- +8.97%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/05/2026
- Time
- Before Open
- Conference Call
- Thursday, November 5, 2026
Planet Fitness's next earnings date is estimated for February 25, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
The call was broadly positive. Planet Fitness delivered better-than-expected same-club sales, increased revenue and adjusted EBITDA, raised full-year revenue, EBITDA, same-club sales and club-opening guidance, expanded its member base, added a profitable Portugal platform and authorized additional share repurchases. These positives were tempered by lower adjusted net income, margin compression, fewer equipment placements, tight real estate conditions, higher churn among newer and younger members, and a $10 promotion that was not system-wide accretive.
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.
- Member Base Remained StrongPlanet Fitness ended the quarter with approximately 21.5 million members, consistent with the end of Q2 and up approximately 4% year-over-year. Average monthly attrition was 3.6%, broadly consistent with the historical range and recent trends.
- Same-Club Sales Exceeded ExpectationsSystem-wide same-club sales grew 1.5% in Q3, including 1.5% growth for franchisee clubs and 1.8% growth for corporate clubs. Management said results were better than expectations and raised full-year same-club sales guidance to approximately 1.5% to 2% from approximately 1%.
- Revenue and Adjusted EBITDA IncreasedThird-quarter total revenue grew 9% to $360 million, with all three segments up year-over-year. Adjusted EBITDA increased 3.9% to $146.2 million, and adjusted EBITDA margin was approximately 41%, or 40.6%.
- Black Card Penetration Continued to RiseBlack Card penetration increased 160 basis points year-over-year to approximately 68%. Management noted that penetration has increased from 62.5% in 2022 to close to 68% currently, supporting its view that the company has pricing power.
- New Club Openings Outlook IncreasedPlanet Fitness opened 33 new clubs in Q3 and 71 year-to-date through Q3. Full-year system-wide new club opening guidance increased to approximately 190 to 195 from the prior range of 180 to 190, including the 25 clubs acquired in Portugal.
- Portugal Acquisition Added a Profitable European PlatformThe company acquired Be-Fit in Portugal, a portfolio of 25 clubs and approximately 80,000 members, for approximately EUR 102.5 million, including approximately EUR 100 million paid in cash at closing and up to EUR 2.5 million in contingent cash consideration. Management described the portfolio as profitable, with mature clubs generating strong EBITDA margins, and said the acquisition is expected to be accretive to earnings in 2027.
- International Expansion Opportunity Across IberiaThe Portugal acquisition provides a national platform that complements Planet Fitness's growing Spain business. Management said the company sees potential to double its footprint across Iberia over the next 3 to 5 years, while maintaining its disciplined strategy of entering 1 to 2 new international markets per year and ultimately refranchising the Portugal clubs.
- Share Repurchases Returned Significant CapitalOver the past 12 months, Planet Fitness deployed $650 million to repurchase approximately 11% of its adjusted weighted shares outstanding. In Q3, it repurchased 1 million shares for $50 million at an average price of $48.63, and year-to-date repurchases totaled 6.4 million shares for $300 million at an average price of $47.16.
- New $500 Million Repurchase Authorization ApprovedThe Board approved a new share repurchase program for up to $500 million, replacing the existing program. Management said the authorization reflects the Board's continued confidence in the business and commitment to returning capital to shareholders.
- Marketing and Brand Refresh Gained Early TractionAn interim creative campaign launched in late August generated focus-group feedback indicating stronger resonance with the target demographic. A new campaign is expected to launch in late December ahead of the New Year season. The company is also refreshing its brand identity across new clubs, remodels, existing clubs and digital channels.
- Dynamic Creative Optimization and AI Deployment ExpandedThe rolling launch of the dynamic creative optimization engine began in September to tailor messaging to target audiences. Planet Fitness is also using AI-enabled predictive analytics to identify churn propensity, with a next phase planned to provide retention offers through a next-best-action engine. AI and machine learning are also being used for targeted marketing, agentic search optimization and pricing analytics.
- Member Engagement and Retention Programs AdvancedThe company introduced a three-part member engagement strategy focused on the first 100 days, signature events and a reimagined PE@PF program. The initiatives combine personal guidance, education, structured engagement and personalized digital communication to help members build confidence, develop habits and strengthen their sense of belonging.
- PE@PF Testing Produced Positive FeedbackPlanet Fitness tested four new small-group PE@PF class formats, with two delivering outsized performance versus historical PE@PF results and very positive member feedback. A broader rollout is planned for the first quarter of 2027.
- Bridge Club Format Expanded Across the EstateThe vast majority of the domestic estate now has some version of a format-optimized layout, and approximately 50% of the domestic estate has moved to the full Bridge Club format. Management said clubs using the Bridge Club format have higher member joins, retention and NPS.
- Recovery Offering ExpandedBy year-end 2026, the company expects approximately 500 clubs to offer Red Light saunas, with further penetration planned in 2027. Red Light saunas had particularly high utilization and favorable member feedback in a five-modality test conducted across 100 clubs.
- Franchisee Economics and Prototype Initiatives Supported GrowthManagement said franchisee health is in a good place, noted that new and existing franchisees remain interested in expanding, and introduced a new prototype with build costs roughly 10% lower. The company is also reviewing its corporate-owned club base as a potential growth unlock by selling selected clubs to new or existing franchisees.
- 2026 Revenue and EBITDA Guidance IncreasedFull-year revenue growth guidance increased to approximately 8% from 7%, and adjusted EBITDA growth guidance increased to approximately 6.5% from 6%. Adjusted diluted earnings per share growth is expected to be approximately 6% based on approximately 77 million adjusted diluted weighted average shares outstanding.
- Capital Allocation Flexibility Remained StrongAs of September 30, 2026, the company had $515 million of cash, cash equivalents and marketable securities. The Portugal acquisition was funded entirely with cash on hand and no incremental borrowing, and management said the balance sheet remains positioned to support repurchases, international development and continued business investment.
DE:3PL Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 25, 2027 | 2026 (Q4) | 0.75- | 0.75 | ― | ― |
| Nov 05, 2026 | 2026 (Q3) | 0.730.75 | 0.72 | 3.75% (+0.03) | |
| Aug 06, 2026 | 2026 (Q2) | 0.760.79 | 0.78 | 2.33% (+0.02) | |
| May 07, 2026 | 2026 (Q1) | 0.570.67 | 0.53 | 25.42% (+0.14) | |
| Feb 24, 2026 | 2025 (Q4) | 0.710.75 | 0.63 | 18.57% (+0.12) | |
| Nov 06, 2025 | 2025 (Q3) | 0.670.72 | 0.58 | 25.00% (+0.14) | |
| Aug 06, 2025 | 2025 (Q2) | 0.710.78 | 0.64 | 21.13% (+0.14) | |
| May 08, 2025 | 2025 (Q1) | 0.550.53 | 0.48 | 11.32% (+0.05) | |
| Feb 25, 2025 | 2024 (Q4) | 0.560.63 | 0.54 | 16.67% (+0.09) | |
| Nov 07, 2024 | 2024 (Q3) | 0.520.58 | 0.53 | 8.47% (+0.05) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
