Planet Fitness Intrinsic Value Calculator – Planet Fitness Reports FY2022 Q4 Earnings Results on February 23, 2023

Earnings Overview

On February 23rd, 2023, PLANET FITNESS ($NYSE:PLNT) reported its fiscal year 2022 fourth quarter earnings results as of December 31st, 2022. Total revenue had skyrocketed 486.8% compared to the same period the year before, amounting to USD 33.7 million. Additionally, net income was up 53.2%, coming in at USD 281.3 million.

Transcripts Simplified

For the fourth quarter, total revenue was $281.3 million compared to $183.6 million. The increase was driven by revenue growth across all three segments. The 10% increase in franchise segment revenue was primarily due to an increase in royalties from same-store sales growth and new stores as well as higher equipment placement and National Ad Fund revenue. The 123.9% increase in revenue in the corporate-owned store segment was primarily driven by the Sunshine Fitness transaction as well as same-store sales growth and new store openings.

Equipment segment revenue increased 56.7%, driven by higher equipment sales to existing and new franchisee-owned stores. Store operations expense, which relate to our corporate-owned store segment, increased to $57.6 million from $28.6 million, primarily due to the additional stores from the Sunshine acquisition. SG& A for the quarter was $28.7 million compared to $27.3 million.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Planet Fitness. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Planet Fitness. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Planet Fitness. More…

Key Ratios Snapshot

Some of the financial key ratios for Planet Fitness are shown below. More…

Price History

On Thursday, February 23, 2023, PLANET FITNESS reported its fiscal year 2022 fourth quarter earnings results. The company’s stock opened at $82.5 and closed at $83.3 on the same day, representing a 5.3% increase from its previous closing price of $79.1. The fourth quarter results came in strong as the company reported growing revenue due to an increase in the number of memberships, as well as an increase in margins due to cost-cutting initiatives.

Overall, PLANET FITNESS’s results met analyst expectations and the company is on track for solid growth in the coming quarters. The stock market’s reaction to the company’s earnings report was positive and investors are optimistic about the company’s future prospects. Live Quote…

Analysis – Planet Fitness Intrinsic Value Calculator

At GoodWhale, we have analyzed the financials of PLANET FITNESS and come to a conclusion regarding the intrinsic value of the company’s share. Our proprietary Valuation Line assessment has valued the stock at around $115.9. Currently, PLANET FITNESS stock is trading at $83.3, which is undervalued by 28.1%. This presents a great opportunity for investors to buy in at a discounted value and potentially turn a larger than normal profit on their investment. We believe PLANET FITNESS offers a strong investment opportunity with the current pricing. More…

Peers

Planet Fitness Inc is in competition with Destination Maternity Corp, Tractor Supply Co, and Accel Entertainment Inc. Each company is vying for a share of the market and the customer base. Each company has its own strengths and weaknesses, and each is trying to get an edge over the others.

– Destination Maternity Corp ($OTCPK:DESTQ)

Destination Maternity Corporation is a publicly traded retailer of maternity apparel in the United States. The Company operates through two segments: Motherhood Maternity(R) and A Pea in the Pod(R). As of October 28, 2017, the Company operated 1,948 retail locations, of which 1,060 were Motherhood Maternity stores, 514 were Destination Maternity stores, 274 were A Pea in the Pod stores and 100 were leased departments located within department stores and baby specialty stores. The Company’s retail locations are located in the United States, Puerto Rico, Canada and the United Kingdom. The Company offers a variety of apparel, including casual wear, work-out wear, sleepwear, lingerie and accessories. The Company also offers a line of nursing apparel and a line of children’s clothing.

– Tractor Supply Co ($NASDAQ:TSCO)

Tractor Supply Company is an American retail chain of stores that offer products for home improvement, agriculture, lawn and garden maintenance, and livestock, equine and pet care. It operates more than 2,000 stores in the United States.

Tractor Supply’s market cap is $23.79 billion as of 2022. The company’s return on equity is 45.88%. Tractor Supply is a leading retailer in the United States, offering products for home improvement, agriculture, lawn and garden maintenance, and livestock, equine and pet care. The company operates more than 2,000 stores across the country.

– Accel Entertainment Inc ($NYSE:ACEL)

Accel Entertainment Inc is a gaming technology company that provides gaming devices, systems and services for the gaming industry. The company has a market capitalization of $842.69 million and a return on equity of 32.45%. Accel Entertainment Inc provides gaming devices, systems and services for the gaming industry. The company offers gaming devices, systems and services for the gaming industry.

Summary

Planet Fitness reported strong fourth quarter earnings results for FY2022 on February 23, 2023. Total revenue was up 486.8% year over year and net income rose 53.2%, indicating a significant improvement from the same period last year. The stock price reacted positively to the news, indicating investor confidence in the company’s performance and potential for future growth.

Analysts recommend considering Planet Fitness for investment due to their impressive earnings momentum and potential for long-term gains, as well as their ability to weather economic downturns. Investors should monitor Planet Fitness’ performance over the coming quarters to get a better understanding of the company’s financial standing.