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Why Planet Fitness Stock Jumped Today

TheMotleyFool

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Shares of Planet Fitness (NYSE: PLNT) climbed more than 12% on Thursday after the fitness center chain delivered strong third-quarter earnings.

Planet Fitness' revenue surged 46.4% year over year to $154.3 million. New store openings and a 7.2% rise in same-store sales helped the company pump out these impressive gains.

"We are emerging from the COVID-19 pandemic stronger than ever," CEO Chris Rondeau said in a press release. "In the third quarter, we returned to positive systemwide same-store sales growth and achieved the highest sequential net member growth of any third quarter in company history."

Source Fool.com

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