Planet Fitness backs FY24 adjusted EPS growth view 7%-9%, consensus $2.43 – TipRanks.com

“For the year ending December 31, 2024, the company is updating the following expectations that were announced in the company’s press release dated May 9, 2024 as a result of the recently announced completion of the company’s debt refinancing transaction and ASR Agreement. The following are 2024 growth expectations over the company’s 2023 results: It now expects adjusted net income to increase in the 4% to 6% range (previously it expected 6% to 8%). It continues to expect adjusted net income per share, diluted to increase in the 7% to 9% range, based on adjusted diluted weighted-average shares outstanding of approximately 86.5 million (previously it expected 88.0 million), inclusive of the shares expected to be repurchased as part of the ASR Agreement. The company now expects 2024 net interest expense to be approximately $75.0 million, excluding the write-off of deferred financing costs associated with the company’s debt refinancing transaction (previously it expected $70.0 million).”