Reiterates 2024 outlook Consummated $800 million refinancing transaction Executed $280 million Accelerated Share Repurchase in second quarter HAMPTON, N.H. , Aug.
6, 2024 /PRNewswire/ -- Today, Planet Fitness, Inc. (NYSE: PLNT ) reported financial results for its second quarter ended June 30, 2024. "Since I stepped into the CEO role in June, I have become even more confident and excited about my decision to join such an iconic brand, supported by a strong foundation and team, a solid base of approximately 100 franchisees, and approximately 19.
7 million members," said Colleen Keating , Chief Executive Officer. "During the quarter, we continued to demonstrate the unique strength of our asset-light, highly franchised business model by refinancing a portion of our debt and entering a $280 million accelerated share repurchase program as we strive to deliver enhanced shareholder value." Ms.
Keating continued, "As we enter our next chapter, we are committed to further defining our growth ambition and capitalizing on the meaningful opportunities across the industry both in the U.S. and internationally.
This includes maintaining a steadfast focus on delivering an unparalleled member experience, evolving our brand messaging and operating under the principle that when our franchisees win, we win. By doing so, I'm confident in our potential for long-term sustainable growth of stores and members, and our ability to deliver significant value for shareholders." Second Quarter Fiscal 2024 Hi.