Inclusive gym franchise company (NYSE:PLNT) reported Q2 CY2024 results topping analysts' expectations , with revenue up 5.1% year on year to $300.9 million. It made a non-GAAP profit of $0.71 per share, improving from its profit of $0.46 per share in the same quarter last year.
Planet Fitness (PLNT) Q2 CY2024 Highlights:
$280 million Accelerated Share Repurchase in second quarter
Revenue: $300.9 million vs analyst estimates of $290.7 million (3.5% beat)
EPS (non-GAAP): $0.71 vs analyst estimates of $0.66 (7.7% beat)
Gross Margin (GAAP): 59.4%, up from 58.7% in the same quarter last year
Adjusted EBITDA Margin: 42.4%, in line with the same quarter last year
Free Cash Flow of $40.18 million, down 36.6% from the previous quarter
Same-Store Sales rose 4.2% year on year (8.7% in the same quarter last year)
Market Capitalization: $6.30 billion
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