Planet Fitness stock falls 4.15 percent on September 23

Planet Fitness stock fell 4.15 percent to USD 40.83 in intraday NYSE trading on September 23, 2026, while the company reported second-quarter revenue of USD 365.22 million. The contrast is sharp: quarterly sales continued to grow, but the stock traded only USD 3.80 above its 52-week low of USD 37.03.

Quarterly revenue reaches USD 365.22 million

Planet Fitness generated USD 365.22 million in Q2 2026, compared with USD 340.879 million in Q2 2025. That represents a 7.1 percent year-over-year increase, according to MarketBeat.

The same Q2 2026 report showed adjusted earnings per share of USD 0.88 against a USD 0.85 consensus estimate. The USD 0.03 beat gives the earnings release a positive operating signal even as the share price remains under pressure.

Locations keep expanding

Planet Fitness says its franchise network includes more than 2,900 locations, and its September 14, 2026 investor-relations update highlighted a High School Summer Pass program that reached approximately 3.7 million teens. The company describes franchising as a central part of its growth model, alongside corporate-owned clubs and equipment sales, according to Planet Fitness.

For investors, the key tension is valuation versus operating progress. Revenue rose 7.1 percent year over year and adjusted EPS exceeded consensus by USD 0.03, yet the stock traded 64.3 percent below its 52-week high of USD 114.26 on September 23, 2026.

Stock stays above yearly low

Planet Fitness stock was trading at USD 40.83 on the NYSE on September 23, 2026, down USD 1.77 or 4.15 percent. The market capitalization was USD 3,243,648,667, placing the current valuation near the lower end of the USD 37.03 to USD 114.26 52-week range.