Planet Fitness, Inc. PLNT reported stellar third-quarter 2024 results, with adjusted earnings and revenues beating the Zacks Consensus Estimate and increasing year over year. The quarter’s performance was driven by contributions from new club openings and higher royalty revenues.

Shares of Planet Fitness bulked up after the company's third-quarter earnings beat analyst estimates. The gym operator’s stock rose 11% Thursday, and is on track for its highest close since Feb. 2022.

Planet Fitness Inc.’s stock rose 6% in premarket trading Thursday after the gym operator’s adjusted profit and revenue outperformed analyst estimates. The company said its “solid” results for the quarter included its first membership-fee price increase in more than 25 years.

Planet Fitness (NYSE: PLNT) Q3 2024 Earnings Call Nov 07, 2024, 8:00 a.m. ET

Shares of gym chain Planet Fitness (NYSE: PLNT) jumped on Thursday after the company reported financial results for the third quarter of 2024. As of 3:30 p.m. EST, Planet Fitness stock was up 11%, but it had been up by even more earlier in the day and had touched all-time highs.