Planet Fitness Inc. said its first-quarter normalized net income amounted to $5.4 million, a rise of 14.2% from $4.7 million in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin fell to 7.0% from 8.2% in the year-earlier period.
Total revenue climbed 33.6% on an annual basis to $76.9 million from $57.6 million, and total operating expenses increased 46.4% from the prior-year period to $62.6 million from $42.8 million.
Reported net income totaled $8.4 million, compared with $6.0 million in the prior-year period.
