TD Cowen analysts believe Planet Fitness may increase its comparable sales guidance following these results. With earnings scheduled for August 12 and the company maintaining impressive gross margins of nearly 60%, InvestingPro subscribers can access 14 additional key insights about Planet Fitness's financial health and growth prospects through the platform's comprehensive Pro Research Report. Market checks have yielded positive indicators for Planet Fitness, with TD Cowen expressing confidence in the company's ongoing turnaround efforts. The firm suggests that business momentum is building and sees a clearer path forward for the company. Planet Fitness shares have gained 14% year-to-date, with the stock's valuation expanding to 19 times fiscal year 2 EBITDA. This valuation remains slightly above the company's 10-year average of 17.5x but below its 2019/early 2020 average of 22x.