Pomerantz Law Firm Files Class Action Lawsuit Against Planet Fitness
The lawsuit alleges securities fraud or other unlawful business practices by the company and its officers. Investors have until September 14, 2026, to seek appointment as lead plaintiff.
Pomerantz LLP has filed a class action lawsuit against Planet Fitness, Inc. ("Planet Fitness") and certain of its officers and/or directors. The suit alleges that the company and certain of its officers and/or directors engaged in securities fraud or other unlawful business practices.
Investors who purchased or otherwise acquired Planet Fitness securities during the Class Period are advised to contact Danielle Peyton by September 14, 2026, to seek appointment as lead plaintiff. The law firm encourages potential class members to inquire about the details of the litigation.
The lawsuit follows Planet Fitness's first quarter 2026 financial results and updated full-year outlook, released on May 7, 2026. The company disclosed a slower-than-expected start to net member growth, citing internal and external headwinds during its peak sign-up period. Planet Fitness also announced it was pausing a planned national Black Card price increase and reduced several of its 2026 growth expectations.
Following this news, Planet Fitness's stock price fell $19.95 per share, or 31.19%. The disclosures impacted the company's projected growth in same-store sales, revenue, adjusted EBITDA, adjusted net income, and adjusted earnings per share.