Planet Fitness, Inc. (NYSE: PLNT) reported its second quarter earnings after the markets closed on Wednesday. The company had $0.13 in earnings per share (EPS) on $79.0 in revenue compared to Thomson Reuters consensus estimates of $0.12 in EPS on $77.40 million in revenue.

This is the first earnings report from Planet Fitness as a public company.

Total revenues rose by 25.9% from the same period in the previous year, and on a pro forma basis adjusted net income increased by 28.9%. At the same time, system-wide same store sales increased 7.3%.

During the second quarter 38 new Planet Fitness stores were added system-wide. This brings the system-wide total stores to 1,014 at the end of June 2015.

The company gave its guidance for the 2015 full year. Planet Fitness expects EPS to be in the range of $0.47 to $0.48, revenue in the range of $314 million to $316 million, and system-wide same store sales growth between 7.0% and 7.5%. There are consensus estimates for the full year that call for $0.46 in EPS on $312.95 million in revenue.

Christopher Rondeau, CEO of Planet Fitness, commented on earnings:

We are very pleased with our second quarter performance, which was highlighted by solid sales growth, strong margins and the opening of our 1,000th store. Our recent results demonstrate the strength of our unique business model and we are confident that our focus on providing a high-quality fitness experience at an exceptional price point will continue to resonate with a broader consumer audience. With our strong group of well-capitalized and experienced franchisees, we believe we have a sound plan in place to expand our store footprint and drive significant growth and shareholder value over the long-term.

He added:

Having been with Planet Fitness for over 20 years, it was incredibly rewarding to reach another major milestone with the recent completion of our initial public offering. I’m very excited to begin the next chapter in the company’s history.

On August 11, Planet Fitness successfully completed its initial public offering (IPO) at $16.00 per share.  A total of 15,525,000 shares of common stock were sold to the underwriters, including 2,025,000 shares sold pursuant to the full exercise of the underwriters’ option to purchase additional shares.

Shares of Planet Fitness closed Wednesday up 1.4% at $18.50 on its 52-week trading range of $13.65 to $19.40. Following the release of the earnings report, shares were initially up 5.4% at $19.50 in the after-hours trading session. The stock has a consensus analyst price target of $20.50.

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