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Industry Focus

CG Bonus Episode: Planet Fitness Earnings Review

Industry Focus

The Motley Fool

Interview, Money, Consumergoods, Business, Businessnews, Ceo, Technology, Investing, Stocks, Energy, Fool, Financial, Economy, Healthcare, News, Banking, Motley, Tech, Business News, Investments

4.6854 Ratings

🗓️ 5 August 2020

⏱️ 13 minutes

🧾️ Download transcript

Summary

Back as promised! Host Emily Flippen welcomes back Motley Fool contributor Dan Kline to follow-up on yesterday’s discussion on Planet Fitness in light of the company’s most recent earnings report.

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Transcript

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0:00.0

Welcome to Industry Focus. The podcast that dives into a different sector of the stock market each day.

0:11.0

I'm your host Emily Flippin. I'm Jason Moser. I'm Nick Seyphill. I'm Dylan Lewis. And today

0:16.0

we're talking financials. Today we're talking consumer goods.

0:19.1

Wild-C-C-Cher! Wednesday. And we're talking energy. And today we're talking tech. Let's dive in.

0:27.2

Welcome to Industry Focus. It's Wednesday, August 5th and this is your bonus

0:32.1

episode of Industry Focus. I'm your host, Emily Flippin, and I'm welcoming

0:36.6

back Dan Klein, as promised yesterday, to follow up on Planet Fitness. Planet Fitness reported earnings after the bell yesterday and we thought it was only fair to give a short earnings review.

0:48.0

Dan, thanks for joining again.

0:50.0

Thanks for having me. Emily, we did it. We're in the bonus. We got the extra life. There's another pack man sitting at the top of the screen.

0:55.6

It's really this is again very self-indulgent of us because I know this is a company that we love to talk about. We were both bum to have to talk about it before the earnings

1:05.4

review. So I'm excited that we're able to release a short episode now. Just taking a look at their

1:10.6

earnings, I sent you along a really nice review right before you started taping right now.

1:15.8

Saying from a nice member who left us a review on iTunes saying they were hoping for the

1:20.4

Planet Fitness Deep Dive and so I hope that kind of lives up to those

1:24.0

expectations but without any further ado Dan how are the earnings? Well they

1:30.1

weren't great as expected this company was largely closed for the quarter.

1:35.4

But that said, their financial picture

1:37.4

and their membership picture is really strong.

1:39.8

So total revenue decreased from the prior year period by 77.9%.

1:46.3

That's actually less of a hit than I expected.

1:49.4

I thought they'd take in no money.

1:51.2

They took in a little bit of money.

...

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