HAMPTON, N.H. - Today, Planet Fitness, Inc. (NYSE: PLNT ) announced its financial results for the fourth quarter, surpassing analyst expectations with adjusted earnings per share (EPS) of $0.60, $0.02 higher than the consensus estimate of $0.58. The company's revenue for the quarter reached $285.1 million, exceeding the anticipated $282.87 million and marking a 1.4% increase from the same quarter last year. Planet Fitness attributed its strong quarter to the success of its New Growth Model, which aims to enhance franchisee returns and reduce capital requirements. Interim CEO Craig Benson emphasized the model's potential to expand the company's store portfolio sustainably. The company also reported a significant increase in system-wide same store sales, which rose by 7.7%. For the fiscal year 2024, Planet Fitness anticipates revenue growth between 6% to 7%, with adjusted EBITDA expected to rise by 10% to 11%.