Notes
Planet Fitness ( $PLNT) Q4 Earnings
🔸 Adj. EPS: $0.70 (vs. $0.62 est., $0.60 y/y)
🔸 Revenue: $340.5M (+19% y/y, vs. $324.3M est.)
🔸 Franchise Rev: $109M (+11% y/y, vs. $105.7M est.)
🔸 Corporate Stores: $126.3M (+8.5% y/y, vs. $129.2M est.)
🔸 Equipment Sales: $105.1M (+49% y/y, vs. $84.5M est.)
🔸 Franchise Comp Sales: +5.7% (vs. +4.83% est., +7.6% y/y)
🔸 Adj. EBITDA: $130.8M (+14% y/y, vs. $119.3M est.)
🔸 Total Stores: 2,722 (+5.7% y/y, vs. 2,719 est.)
#Upgrades - Sep 05, 2024
$BZH: Wedbush Upgrades to Outperform from Neutral - PT $45 (from $41)
$EGP: Mizuho Upgrades to Outperform from Neutral - PT $200 (from $175)
$JWN: Barclays Upgrades to Equalweight from Underweight - PT $23 (from $18)
$KREF: KBW Upgrades to Outperform from Market Perform - PT $13
$NMRK: KBW Upgrades to Outperform from Market Perform - PT $16.50
$PLNT: Exane BNP Paribas Upgrades to Outperform from Neutral - PT $97
$ROKU: Wells Fargo Upgrades to Equal Weight from Underweight - PT $72 (from $50)
$STWD: KBW Upgrades to Outperform from Market Perform - PT $22.50 (from $20.50)
$XPEV: JPMorgan Upgrades to Overweight from Neutral - PT $11.50 (from $8)