<h2>关键点</h2>
<ul>
<li>Planet Fitness 的快速增长率正面临显著放缓。</li>
<li>其现在更具吸引力的估值可能会促使投资者更仔细地关注该股票。</li>
<li>我们更看好的 10 只股票 ›</li>
</ul>
<p>当前的财报季尚未结束，但 <strong>Planet Fitness</strong>（纽约证券交易所代码：PLNT）正有望成为这一时期较为显著的股票之一。</p>
<p>这只健身股——年初以来已经大幅下跌——在周四发布第一季度财报后，几乎失去了三分之一的价值。销售和盈利指引的下调，以及管理层决定不提高其高端黑卡会员的价格，似乎让投资者感到不安。该股票年初至今已下跌约 58%。</p>
<p><em><strong>人工智能会创造出世界上第一个万亿富翁吗？</strong> 我们的团队刚刚发布了一份关于一家鲜为人知的公司报告，该公司被称为 “不可或缺的垄断”，提供 Nvidia 和 Intel 都需要的关键技术。<strong>继续 »</strong></em></p>
<p>这可能让投资者感到困惑。是应该购买 Planet Fitness 还是远离这只突然变得更加波动的股票？</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg2OTEyMi9yaWRpbmctYW4tZXhlcmNpc2UtYmlrZS5qcGcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg2OTEyMi9yaWRpbmctYW4tZXhlcmNpc2UtYmlrZS5qcGcmdz03MDA"/></p>
<p>图片来源：Getty Images。</p>
<h2>发生了什么</h2>
<p>乍一看，Planet Fitness 的财报似乎表现良好。收入同比增长 22%，达到 3.37 亿美元。此外，尽管由于更高的营销支出和运营挑战，收入成本增加了 101%，但其净收入仍增长了 23%，达到 5200 万美元。</p>
<p>然而，收入成本迅速成为一个问题。除了决定保持黑卡会员的费用不变外，新会员注册同比下降了 36%，公司还增加了营销支出。</p>
<p>因此，它将预计 2026 年的收入增长调整为 7%，低于之前的 9% 的预测。同时，它还预测净收入将下降 2%，与之前 4% 至 5% 的增长指引形成对比。</p>
<h2>Planet Fitness 股票的新状态</h2>
<p>尽管如此，股价的暴跌看起来像是过度反应，不仅仅因为它处于自 2020 年以来的最低水平。当前的市盈率为 17，未来市盈率降至 13。</p>
<p>这种股票行为似乎在定价 Planet Fitness 业务永久放缓的前提，而现在还为时尚早，无法判断是否真的发生了这种情况。</p>
<p>诚然，随着股票在今年遭受重创，首席执行官 Colleen Keating 的领导力可能面临考验。此外，Planet Fitness 一直以来都是预算有限消费者的健身房，这一因素可能使公司更难提高价格。</p>
<p>尽管如此，公司预计将在现有 2909 个地点的基础上新增 180 到 190 个俱乐部，这对公司来说是一个显著的增加。此外，预计还有 150 到 160 个特许经营店将购买新设备，可能提升其竞争力。</p>
<p>这些看起来并不像是一家注定每年只能以 2% 的速度增长盈利的公司的举动。此外，公司推迟的黑卡提价最终可能会在某个时候实施，这应该有助于股价回升。</p>
<h2>未来的 Planet Fitness 股票</h2>
<p>鉴于 Planet Fitness 的现状，该股票在这些水平上看起来值得购买。</p>
<p>确实，未来的收入放缓和盈利下降令人担忧。此外，管理层不愿提高黑卡会员费用也不会增强投资者对该股票的信心。</p>
<p>然而，其未来市盈率为 13 应该会限制该股票的下行风险。如果围绕公司的情绪被证明过于悲观，Planet Fitness 股票可能会恢复。</p>
<h2>现在应该购买 Planet Fitness 的股票吗？</h2>
<p>在你购买 Planet Fitness 的股票之前，请考虑以下几点：</p>
<p><em>Motley Fool Stock Advisor</em> 分析师团队刚刚确定了他们认为的 <strong>10 只最佳股票</strong>，供投资者现在购买……而 Planet Fitness 并不在其中。入选的 10 只股票在未来几年可能会产生巨大的回报。</p>
<p>考虑一下 <strong>Netflix</strong> 在 2004 年 12 月 17 日进入这个名单时……如果你在我们推荐时投资了 1000 美元，<strong>你现在将拥有 471,827 美元</strong>！* 或者当 <strong>Nvidia</strong> 在 2005 年 4 月 15 日进入这个名单时……如果你在我们推荐时投资了 1000 美元，<strong>你现在将拥有 1,319,291 美元</strong>！*</p>
<p>现在值得注意的是，<em>Stock Advisor</em> 的总平均回报率为 986%——相比之下，标准普尔 500 指数的回报率为 207%。<strong>不要错过最新的前 10 名单，加入由个人投资者为个人投资者建立的投资社区，获取 <em>Stock Advisor</em>。</strong></p>
<p><strong>查看这 10 只股票 »</strong></p>
<p><em>*Stock Advisor 的回报截至 2026 年 5 月 10 日。</em></p>
<p><em>Will Healy 在提到的任何股票中没有持仓。Motley Fool 在 Planet Fitness 中持有头寸并推荐该股票。Motley Fool 有披露政策。</em></p>
<p>此处表达的观点和意见是作者的观点和意见，并不一定反映纳斯达克公司的观点。</p>

PLNT

<p>Planet Fitness 的股票在年初至今下跌了近 58%，原因是其发布了令人失望的财报，其中包括对销售和盈利预期的下调。尽管收入增长了 22%，达到了 3.37 亿美元，但新会员注册量下降了 36% 以及营销成本增加引发了担忧。公司将 2026 年的收入增长预测下调至 7%。分析师认为，股票可能被低估，前瞻市盈率为 13，显示出复苏的潜力。然而，管理层决定维持黑卡会员的定价引发了投资者的担忧。总体而言，当前价格水平下该股票可能值得购买，但建议保持谨慎</p>

<h2>Key Points</h2>
<div class="lb-trans"><h2>关键点</h2>
</div><ul>
<li>Planet Fitness's rapid growth rate is on track for a dramatic slowdown.</li>
<li>Its now more attractive valuation could induce investors to take a closer look at the stock.</li>
<li>10 stocks we like better than Planet Fitness ›</li>
</ul>
<div class="lb-trans"><ul>
<li>Planet Fitness 的快速增长率正面临显著放缓。</li>
<li>其现在更具吸引力的估值可能会促使投资者更仔细地关注该股票。</li>
<li>我们更看好的 10 只股票 ›</li>
</ul>
</div><p>The current earnings season is not over yet, but <strong>Planet Fitness</strong>(NYSE: PLNT) is on track to become one of the more notable stocks of this period.</p>
<div class="lb-trans"><p>当前的财报季尚未结束，但 <strong>Planet Fitness</strong>（纽约证券交易所代码：PLNT）正有望成为这一时期较为显著的股票之一。</p>
</div><p>The gym stock -- which was already down significantly for the year -- lost almost one-third of its value following its first quarter earnings release Thursday. Cuts to its sales and earnings guidance, as well as management's decision not to increase the price of its premium Black Card membership, appeared to spook investors. The stock is now down by about 58% year to date.</p>
<div class="lb-trans"><p>这只健身股——年初以来已经大幅下跌——在周四发布第一季度财报后，几乎失去了三分之一的价值。销售和盈利指引的下调，以及管理层决定不提高其高端黑卡会员的价格，似乎让投资者感到不安。该股票年初至今已下跌约 58%。</p>
</div><p><em><strong>Will AI create the world's first trillionaire?</strong> Our team just released a report on the one little-known company, called an &#34;Indispensable Monopoly&#34; providing the critical technology Nvidia and Intel both need. <strong>Continue »</strong></em></p>
<div class="lb-trans"><p><em><strong>人工智能会创造出世界上第一个万亿富翁吗？</strong> 我们的团队刚刚发布了一份关于一家鲜为人知的公司报告，该公司被称为 “不可或缺的垄断”，提供 Nvidia 和 Intel 都需要的关键技术。<strong>继续 »</strong></em></p>
</div><p>That may leave investors wondering what to do. Should they buy Planet Fitness or stay away from what has suddenly become an even more volatile stock?</p>
<div class="lb-trans"><p>这可能让投资者感到困惑。是应该购买 Planet Fitness 还是远离这只突然变得更加波动的股票？</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg2OTEyMi9yaWRpbmctYW4tZXhlcmNpc2UtYmlrZS5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F869122%2Friding-an-exercise-bike.jpg&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>What happened</h2>
<div class="lb-trans"><h2>发生了什么</h2>
</div><p>At first glance, Planet Fitness's earnings report appeared solid. Revenue was up 22% year over year to $337 million. Also, even with a 101% increase in the cost of revenue amid higher marketing spending and operational challenges, its net income surged 23% higher to $52 million.</p>
<div class="lb-trans"><p>乍一看，Planet Fitness 的财报似乎表现良好。收入同比增长 22%，达到 3.37 亿美元。此外，尽管由于更高的营销支出和运营挑战，收入成本增加了 101%，但其净收入仍增长了 23%，达到 5200 万美元。</p>
</div><p>Still, the cost of revenue quickly became a concern. On top of the decision to hold the cost of the Black Card membership steady, new member sign-ups fell by 36% year over year, and the company increased marketing spending.</p>
<div class="lb-trans"><p>然而，收入成本迅速成为一个问题。除了决定保持黑卡会员的费用不变外，新会员注册同比下降了 36%，公司还增加了营销支出。</p>
</div><p>Consequently, it adjusted its expected 2026 revenue growth to 7%, down from a previous forecast of 9%. It also forecast a 2% net income decrease, in contrast to its previous guidance for a 4% to 5% increase.</p>
<div class="lb-trans"><p>因此，它将预计 2026 年的收入增长调整为 7%，低于之前的 9% 的预测。同时，它还预测净收入将下降 2%，与之前 4% 至 5% 的增长指引形成对比。</p>
</div><h2>The new state of Planet Fitness stock</h2>
<div class="lb-trans"><h2>Planet Fitness 股票的新状态</h2>
</div><p>Nonetheless, the plunge in the stock price looks like an overreaction, and not just because it's at its lowest levels since 2020. The trailing P/E ratio is now at 17, and its forward P/E is down to 13.</p>
<div class="lb-trans"><p>尽管如此，股价的暴跌看起来像是过度反应，不仅仅因为它处于自 2020 年以来的最低水平。当前的市盈率为 17，未来市盈率降至 13。</p>
</div><p>This sort of stock behavior seems to be pricing in the premise of a permanent slowdown in Planet Fitness' business, and it is too early to tell whether that is what's happening.</p>
<div class="lb-trans"><p>这种股票行为似乎在定价 Planet Fitness 业务永久放缓的前提，而现在还为时尚早，无法判断是否真的发生了这种情况。</p>
</div><p>Admittedly, with the stock being hammered this year, CEO Colleen Keating's leadership may face a test. Also, Planet Fitness has traditionally been the gym of the budget-conscious consumer, a factor that could make it harder for the company to raise prices.</p>
<div class="lb-trans"><p>诚然，随着股票在今年遭受重创，首席执行官 Colleen Keating 的领导力可能面临考验。此外，Planet Fitness 一直以来都是预算有限消费者的健身房，这一因素可能使公司更难提高价格。</p>
</div><p>Still, the company expects between 180 and 190 new club openings, a significant addition for a company with 2,909 locations as of March 31. Also, another 150 to 160 franchisee-owned locations are expected to buy new equipment, likely boosting its competitiveness.</p>
<div class="lb-trans"><p>尽管如此，公司预计将在现有 2909 个地点的基础上新增 180 到 190 个俱乐部，这对公司来说是一个显著的增加。此外，预计还有 150 到 160 个特许经营店将购买新设备，可能提升其竞争力。</p>
</div><p>These do not look like the actions of a company that's permanently doomed to grow earnings at 2% per year. Additionally, the Black Card increase the company delayed will probably go through at some point, which should help the stock recover.</p>
<div class="lb-trans"><p>这些看起来并不像是一家注定每年只能以 2% 的速度增长盈利的公司的举动。此外，公司推迟的黑卡提价最终可能会在某个时候实施，这应该有助于股价回升。</p>
</div><h2>Moving forward with Planet Fitness stock</h2>
<div class="lb-trans"><h2>未来的 Planet Fitness 股票</h2>
</div><p>Given the state of Planet Fitness, the stock looks to be a buy at these levels.</p>
<div class="lb-trans"><p>鉴于 Planet Fitness 的现状，该股票在这些水平上看起来值得购买。</p>
</div><p>True, the upcoming revenue slowdown and earnings decline are causes for concern. Also, management's reluctance to increase the cost of Black Card membership is not going to bolster investors' confidence in the stock.</p>
<div class="lb-trans"><p>确实，未来的收入放缓和盈利下降令人担忧。此外，管理层不愿提高黑卡会员费用也不会增强投资者对该股票的信心。</p>
</div><p>However, its forward P/E ratio of 13 should limit the stock's downside risk from here. If the sentiment around the company proves to have been overly pessimistic, Planet Fitness stock will probably recover.</p>
<div class="lb-trans"><p>然而，其未来市盈率为 13 应该会限制该股票的下行风险。如果围绕公司的情绪被证明过于悲观，Planet Fitness 股票可能会恢复。</p>
</div><h2>Should you buy stock in Planet Fitness right now?</h2>
<div class="lb-trans"><h2>现在应该购买 Planet Fitness 的股票吗？</h2>
</div><p>Before you buy stock in Planet Fitness, consider this:</p>
<div class="lb-trans"><p>在你购买 Planet Fitness 的股票之前，请考虑以下几点：</p>
</div><p>The <em>Motley Fool Stock Advisor</em> analyst team just identified what they believe are the <strong>10 best stocks</strong> for investors to buy now… and Planet Fitness wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.</p>
<div class="lb-trans"><p><em>Motley Fool Stock Advisor</em> 分析师团队刚刚确定了他们认为的 <strong>10 只最佳股票</strong>，供投资者现在购买……而 Planet Fitness 并不在其中。入选的 10 只股票在未来几年可能会产生巨大的回报。</p>
</div><p>Consider when <strong>Netflix</strong> made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, <strong>you’d have $471,827</strong>!* Or when <strong>Nvidia</strong> made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, <strong>you’d have $1,319,291</strong>!*</p>
<div class="lb-trans"><p>考虑一下 <strong>Netflix</strong> 在 2004 年 12 月 17 日进入这个名单时……如果你在我们推荐时投资了 1000 美元，<strong>你现在将拥有 471,827 美元</strong>！* 或者当 <strong>Nvidia</strong> 在 2005 年 4 月 15 日进入这个名单时……如果你在我们推荐时投资了 1000 美元，<strong>你现在将拥有 1,319,291 美元</strong>！*</p>
</div><p>Now, it’s worth noting <em>Stock Advisor’s</em> total average return is 986% — a market-crushing outperformance compared to 207% for the S&amp;P 500. <strong>Don't miss the latest top 10 list, available with <em>Stock Advisor</em>, and join an investing community built by individual investors for individual investors.</strong></p>
<div class="lb-trans"><p>现在值得注意的是，<em>Stock Advisor</em> 的总平均回报率为 986%——相比之下，标准普尔 500 指数的回报率为 207%。<strong>不要错过最新的前 10 名单，加入由个人投资者为个人投资者建立的投资社区，获取 <em>Stock Advisor</em>。</strong></p>
</div><p><strong>See the 10 stocks »</strong></p>
<div class="lb-trans"><p><strong>查看这 10 只股票 »</strong></p>
</div><p><em>*Stock Advisor returns as of May 10, 2026.</em></p>
<div class="lb-trans"><p><em>*Stock Advisor 的回报截至 2026 年 5 月 10 日。</em></p>
</div><p><em>Will Healy has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Planet Fitness. The Motley Fool has a disclosure policy.</em></p>
<div class="lb-trans"><p><em>Will Healy 在提到的任何股票中没有持仓。Motley Fool 在 Planet Fitness 中持有头寸并推荐该股票。Motley Fool 有披露政策。</em></p>
</div><p>The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.</p>
<div class="lb-trans"><p>此处表达的观点和意见是作者的观点和意见，并不一定反映纳斯达克公司的观点。</p>
</div>

Planet Fitness Stock Plunged Following Earnings. Should You Buy?

nasdaq

Planet Fitness - CL

Planet Fitness 的股票在财报发布后大幅下跌。你应该考虑购买吗？