Planet Fitness announced that former Chief Financial Officer Tom Fitzgerald will serve as Interim CFO effective March 9, 2026, following the departure of Jay Stasz. Stasz’s exit was not related to any financial dispute and the company stated that he is moving on to pursue other opportunities.
Fitzgerald returned to the company after a four‑year tenure as CFO from January 2020 through November 14, 2024. During that period he guided the firm through the COVID‑19 pandemic, a significant franchise acquisition, and a 12.1% revenue increase to $1.3 billion in fiscal 2025. For the interim six‑month term he will receive a base salary of $250,000 per month, with potential performance bonuses and stock‑option incentives as part of his compensation package.
The company reaffirmed its 2026 financial guidance, which now projects system‑wide same‑club sales growth of 4% to 5% and revenue growth of approximately 9%. This outlook follows a strong fiscal 2025 year in which total revenue rose 12.1% to $1.3 billion and net income attributable to Planet Fitness increased to $220.3 million, or $2.62 per diluted share, up from $174.2 million, or $2.00 per diluted share, the prior year. The 2026 guidance represents a deceleration from the 12.06% revenue growth achieved in 2025, a change that has drawn attention from investors.
Following the Q4 2025 earnings release on February 24, 2026, the market reacted with a 5.09% pre‑market decline, reflecting concerns over the softer 2026 outlook. Analysts noted that the 9% revenue growth projection, while still positive, signals a slowdown relative to the 12.1% growth seen in 2025, and the 4%‑5% same‑club sales guidance is below the 6.7% increase reported in the same period last year. The interim CFO appointment was viewed by some as a stabilizing factor, with Jefferies reaffirming a Buy rating and a $175 price target, while other analysts adjusted their targets downward.
Colleen Keating, CEO, said, "We are pleased to welcome Tom back to the Planet Fitness team as Interim CFO. Tom brings deep institutional knowledge of our business and industry, and a proven track record of strong financial and business leadership. Having guided the Company through significant periods of growth, Tom’s broad background across several multi‑unit brands and expertise driving value creation will support the execution of our long‑term strategy as we conduct the search for a permanent CFO." Fitzgerald added, "My time as CFO of Planet Fitness stands out as a highlight of my career, and I'm excited to return and support the Company through this interim period. Planet Fitness has a powerful brand, a highly resilient franchise model, and significant long‑term growth opportunity. As the Company conducts its search process for the next CFO, I look forward to working closely with Colleen and the leadership team to advance the Company’s strategic and financial objectives and strengthen our competitive edge."
The company has engaged an executive search firm to identify a permanent CFO, with a search timeline expected to span several months. Management emphasized that the interim appointment is intended to maintain continuity in financial leadership while the search proceeds, and that the company remains confident in its 2026 guidance and long‑term growth strategy.
The appointment of Fitzgerald as interim CFO signals Planet Fitness’s commitment to stability during a leadership transition. His prior experience and deep knowledge of the franchise‑based business model are expected to reassure investors and help the company navigate the upcoming search for a permanent CFO while maintaining focus on its growth initiatives and financial targets.
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