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Planet Fitness shares surge as company raises revenue outlook

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Planet Fitness now expects its revenue for the year to grow 14%, up from a previous estimate of 12%.

The gym chain also boosted its revenue outlook for the year.shares surged double-digits after beating expectations on both lines for the third quarter and raising its outlook for the year.

New and existing franchise owners received updated agreement details in mid-October that included key changes to the business structure, including:

 

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