: Planet Fitness stock drops 5% after release of membership figures

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Planet Fitness Inc. PLNT, +3.18% stock fell in the extended session Monday after the gym chain reported year-end membership figures. Planet Fitness shares fell 5% after hours, following a 3.2% rise to end the regular session at $82.36. The company reported about 17 million members at the end of the year, a gain of 1.8 million members since the end of 2021. “We continued to grow the Planet Fitness footprint and brand presence, resulting in the largest fourth-quarter membership growth on record, driving strong momentum heading into 2023,” said Chris Rondeau, Planet Fitness chief executive, in a statement. The company said it will report full-year results and its outlook for 2023 on Feb. 23.

This article was originally published by Marketwatch.com. Read the original article here.

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