
Planet Fitness Stock Plunges After Slashing Guidance, Halting Price Hikes
Planet Fitness stock plunged by 30% after the company slashed its guidance, withdrew its three-year outlook, and canceled planned price increases for its Black Card memberships. This news overshadowed its Q1 earnings beat, which saw non-GAAP EPS of $0.74 and revenue of $337.2M.
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Planet Fitness stock plunges 30% after company slashes guidance, cancels planned price hikes
Shares of Planet Fitness plunged Thursday after the fitness company slashed its guidance and canceled planned price hikes.
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