BUZZ-Planet Fitness falls after forecasting annual comparable sales, profit below expectations

Updates

Shares of gym chain Planet Fitness PLNT.N down 8% at $91.2, their highest percentage loss since September 2023

Co forecasts annual system-wide same-store-sales to grow in range of 5%-6%, below analysts' expectations of 6.5% growth, according to data compiled by LSEG

Co expects annual adjusted net income to grow between 8% and 9%, below expectations of 14% increase

Adjusted net income per share diluted to increase in range of 11%-12%, below expectations of 16.9% growth

PLNT stock rose 35.4% in 2024