06:57 AM EDT, 05/09/2024 (MT Newswires) -- Planet Fitness ( PLNT ) reported Q1 adjusted earnings Thursday of $0.53 per diluted share, up from $0.41 a year earlier.

Analysts polled by Capital IQ expected $0.50.

Revenue for the quarter ended March 31 was $248.0 million compared with $222.2 million a year earlier.

Analysts polled by Capital IQ expected $248.6 million.

The company now expects full-year adjusted EPS to increase by 7% to 9%, from 10% to 11% previously, and revenue growth of 4% to 6%, from 6% to 7% previously. Analysts polled by Capital IQ expect adjusted EPS of $2.49 on revenue of $1.14 billion.

Shares of Planet Fitness ( PLNT ) were down over 11% premarket.

Price: 55.00, Change: -6.85, Percent Change: -11.08