Key Highlights

  • Planet Fitness (NYSE:PLNT) closed at USD 58.97 in the latest session, up 2.83%, with gains of 9.80% over one week, 40.66% over one month, 14.43% over three months and 38.68% over six months, per a published market data snapshot dated November 5, 2026.
  • Third quarter revenue, in the November 5, 2026 release, reached USD 360.0 million, a 9.0% rise from USD 330.3 million, while adjusted diluted EPS was USD 0.83 compared with USD 0.80 twelve months earlier.
  • Attributable Net Income slipped to USD 52.0 million from USD 58.8 million, GAAP diluted EPS held steady at USD 0.70, and adjusted EBITDA climbed to USD 146.2 million from USD 140.8 million.
  • Revenue growth guidance for 2026 rose to roughly 8% from 7%, and a fresh USD 500 million buyback program takes the place of the 2025 program.

Third Quarter Revenue and Club Expansion

Planet Fitness (NYSE:PLNT) climbed 40.66% over the past month, with a 9.80% gain across the past week and a 2.83% advance in the latest session to USD 58.97. The release dated November 5, 2026 covered the quarter ended September 30, 2026 and reported revenue of USD 360.0 million, up 9.0%, while system-wide sales grew USD 53.4 million, reaching USD 1.3 billion. Membership stood at about 21.5 million, system-wide same club sales increased 1.5%, and 33 clubs opened during the quarter, 25 Franchisee owned and 8 corporate owned, bringing the total to 2,962. Most of the one month advance arrived before this release, which suggests expectations were priced in ahead of the report.

Raised Outlook, Buybacks and Club Growth Assumptions

The case rests on a low base rebound paired with a better outlook and buybacks. Guidance moved higher across the board: 2026 revenue growth now sits near 8% (previously 7%), same club sales growth near 1.5% to 2% (previously about 1%), and adjusted EBITDA growth near 6.5% (previously 6%). Adjusted EPS growth stayed at about 6%, planned club openings sit around 190 to 195, and net interest expense is expected to hover near USD 115.0 million. In the quarter, buybacks retired about 1.0 million Class A shares costing USD 50.0 million, and a further USD 500 million was authorized. A smaller share count raises per share Earnings even if net income holds still. Coverage reported share moves of minus 9.5% following the second quarter and up 12.6% following the third quarter of 2025, meaning results days can move the stock sharply.

Valuation Multiple, Profit Trend and Liquidity Risks

Planet Fitness (NYSE:PLNT) is up 14.43% over three months and 38.68% over six, with no year to date reading visible. Buyback arithmetic implies a market Capitalization near USD 4.2 billion (calculated, because USD 50.0 million equals 1.2% of market value), which falls within the USD 2 billion to USD 10 billion band. Adjusted net income slid to USD 61.9 million from USD 67.0 million, and GAAP profit fell as well, so the valuation case leans on growth. With same club sales up only 1.5%, and a 40.66% monthly run already in hand, profit taking remains possible. Trading liquidity in mid caps runs thinner than in large caps, and a slowdown in member growth could reverse the move.

Where Things Stand

Planet Fitness (NYSE:PLNT) rose during a month that preceded a quarter with USD 360.0 million of revenue, a raised 2026 outlook and a USD 500 million buyback. In the published market data snapshot of November 5, 2026, the stock ranks among the Mid cap names with the strongest one month gains, at USD 58.97. Whether the advance holds depends on same club sales running near 1.5% to 2% and on margins. Nothing here is advice.