Planet Fitness, Inc. (NYSE:PLNT) Q3 2024 Earnings Conference Call November 7, 2024 8:00 AM ET
Company Participants
Stacey Caravella – Vice President-Investor Relations
Colleen Keating – Chief Executive Officer
Jay Stasz – New Chief Financial Officer
Tom Fitzgerald – Chief Financial Officer
Conference Call Participants
Simeon Siegel – BMO Capital Markets
Sharon Zackfia – William Blair
Jonathan Komp – Baird
Rahul Krotthapalli – JPMorgan
Megan Clapp – Morgan Stanley
John Heinbockel – Guggenheim Partners
Joe Altobello – Raymond James
Max Rakhlenko – TD Cowen
Randy Konik – Jefferies
Operator
Thank you for standing by. My name is Kayla, and I will be your conference operator today. At this time, I would like to welcome everyone to the Q3 Planet Fitness Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions]
I would now like to turn the call over to Stacey Caravella, Vice President of Investor Relations. You may begin.
Stacey Caravella
Thank you, operator, and good morning, everyone. Speaking on today’s call will be Planet Fitness’ Chief Executive Officer, Colleen Keating; and Chief Financial Officer, Tom Fitzgerald. Also joining us is Jay Stasz, our newly appointed CFO effective on November 15. They will all be available for questions during the Q&A session following the prepared remarks. Today’s call is being webcast live and recorded for replay.
Before I turn the call over to Colleen, I’d like to remind everyone that the language on forward-looking statements included in our earnings release also applies to our comments made during the call. Our release can be found on our investor website along with any reconciliation of non-GAAP financial measures mentioned on the call with their corresponding GAAP measures.
Now I will turn the call over to Colleen.
Colleen Keating
Thank you, Stacey, and thank you, everyone, for joining us for the Planet Fitness Q3 earnings call. I’m thrilled to be here speaking with you this morning to talk about our quarterly results and the strength of our business. During the third quarter, we grew same club sales by 4.3%, delivered 5.3% revenue growth and increased adjusted EBITDA by 10%. We ended the quarter with approximately 19.6 million members. I’m proud of our performance and of the important work our team has done to execute on our near-term focus areas while laying the foundation for our longer term ambitions.