according to Imperial Capital maintains its Outperform rating on Planet Fitness Inc (NYSE: PLNT) after the fitness center chain reported solid quarterly results.
Planet Fitness reported fourth-quarter revenue and EBITDA above consensus.
The company also guided 2017 revenue consistent with consensus, while EBITDA forecast topped Street.
Shares of Planet Fitness closed Thursday’s regular trading at $21.17.
“We see a lot to like in PLNT; big long-term unit growth potential, steady same-store sales, high incremental margin, and likely de-leveraging.
as mentioned in Planet Fitness (PLNT), Shake Shack (SHAK), Glaukos (GKOS), Broadcom (AVGO) and Box (BOX) reported quarterly earnings after the close Wednesday.
Outlook: Shake Shack raised its full-year revenue target to $349 million to $353 million from $348 million to $352 million.
Full-year revenue of $405 million to $415 million vs. analyst targets for $411.2 million.
Box expects full-year revenue of $500 million to $504 million vs. analyst views for $500.6 million.
Broadcom and Glaukos reported strong results, but Shake Shack had weak same-store sales while Planet Fitness and Box gave mixed-to-weak guidance.
as mentioned in Since the call, Planet Fitness, which runs fitness centers (i.e.
Well first, a total of 74 new Planet Fitness franchise stores were opened in the quarter bringing the total to 1,313.
Planet Fitness (NYSE:PLNT) is one of the fastest growing franchises and a relatively new publicly traded company.
Adjusted net income per share for Planet Fitness grew to $0.20, and looks to move even higher in 2017.
Christopher Rondeau, Chief Executive Officer, said this about the quarter:”It was another terrific year for Planet Fitness.
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