Planet Fitness shares surge as company raises revenue outlook
Publishing timestamp: 2023-11-07 12:24:35
Summary
Planet Fitness reported earnings and revenue that exceeded Wall Street's expectations for the third quarter. The gym chain also raised its revenue outlook for the year. Shares of Planet Fitness surged after the earnings report. The company's interim CEO, Craig Benson, outlined the company's growth strategy and mentioned changes to the business structure, including price increases and updated franchise agreements.
Sentiment: POSITIVE
Tickers: PLNT,
Keywords: retail industry, health care industry, business news, planet fitness inc, breaking news: business, business,
Source: https://www.cnbc.com/2023/11/07/planet-fitness-shares-surge-as-company-raises-revenue-outlook.html