
Domino's Pizza has reported a resurgence in sales, surpassing estimates, indicating a positive trajectory for the firm. Concurrently, Planet Fitness announced its third-quarter earnings, revealing a total revenue increase of 5.3% year-over-year to $292.2 million. The net income attributable to Planet Fitness rose to $42 million, or $0.50 per diluted share, up from $39.1 million, or $0.46 per diluted share, in the same period last year. Following this strong performance, Planet Fitness's stock surged by 15% in premarket trading, reaching a new all-time high. The company also announced a $500 million share buyback authorization and raised its forward guidance, reflecting confidence in its continued growth. Other companies such as Papa John’s and WK Kellogg’s also saw their stocks rise after exceeding revenue estimates.
Our Retail team's "Best Idea" Long Planet Fitness $PLNT just crushed earnings 🦾 The stock rose to a new ATH +15% due to a successful price hike, and raised forward guidance. Do get more homerun stock ideas, click here to subscribe: https://t.co/V9hCTdfFQD https://t.co/yyqZfw0GDj
Between April and September 2024, @PlanetFitness experienced year-over-year (YoY) visit growth ranging from 3.9% to 14.2%, generally outperforming the wider category. #PLNT #earnings #fintwit #fitness
Best Idea Long Planet Fitness $PLNT out with a very strong quarter and new ATH w/ stock +15%. Beat across the board, acceleration in comps and margins, raised guide, and new $500M buyback authorization. Now we get to see the positive impact from taking up Classic Membership price… https://t.co/qLdXUHHRH0