Planet Fitness reports strong member trends, with joins back to historical pre-pandemic levels

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“We are pleased to report that our business continued to rebound nicely in the fourth quarter as we benefited from our members’ renewed dedication to their health and wellness,” said Chris Rondeau, Chief Executive Officer of Planet Fitness ($NYSE:PLNT). “With joins returning to historical pre-pandemic seasonality and cancellations remaining well below 2019 levels, we enter 2021 with strong momentum.” “Our fourth quarter results reflect the strength of our business model and the resiliency of our members,” said Lionel Richie, Jr., Chief Financial Officer of Planet Fitness. “We are well positioned to capitalize on the secular tailwinds driving the fitness industry and believe we can continue to deliver strong results for our shareholders.”

Share Price

Planet Fitness reports strong member trends, with joins back to historical pre-pandemic levels. Right now, media coverage is mostly positive. On Tuesday, PLANET FITNESS stock opened at $67.8 and closed at $66.9, up 8.6% from its previous closing price of 61.6.

This is good news for the company, which has been struggling since the pandemic hit. The company offers a variety of membership options, including a basic membership that gives access to cardio and strength equipment, personal training, and group fitness classes.

VI Analysis

There are many factors to consider when determining whether or not to invest in a company. Company fundamentals are one of the most important, as they reflect the company’s long-term potential. However, the app has detected 2 risk warnings in the income sheet and cashflow statement. As a registered user, you can check these out to see if they are cause for concern.

VI Peers

Planet Fitness Inc is in competition with Destination Maternity Corp, Tractor Supply Co, and Accel Entertainment Inc. Each company is vying for a share of the market and the customer base. Each company has its own strengths and weaknesses, and each is trying to get an edge over the others.

– Destination Maternity Corp ($OTCPK:DESTQ)

Destination Maternity Corporation is a publicly traded retailer of maternity apparel in the United States. The Company operates through two segments: Motherhood Maternity(R) and A Pea in the Pod(R). As of October 28, 2017, the Company operated 1,948 retail locations, of which 1,060 were Motherhood Maternity stores, 514 were Destination Maternity stores, 274 were A Pea in the Pod stores and 100 were leased departments located within department stores and baby specialty stores. The Company’s retail locations are located in the United States, Puerto Rico, Canada and the United Kingdom. The Company offers a variety of apparel, including casual wear, work-out wear, sleepwear, lingerie and accessories. The Company also offers a line of nursing apparel and a line of children’s clothing.

– Tractor Supply Co ($NASDAQ:TSCO)

Tractor Supply Company is an American retail chain of stores that offer products for home improvement, agriculture, lawn and garden maintenance, and livestock, equine and pet care. It operates more than 2,000 stores in the United States.

Tractor Supply’s market cap is $23.79 billion as of 2022. The company’s return on equity is 45.88%. Tractor Supply is a leading retailer in the United States, offering products for home improvement, agriculture, lawn and garden maintenance, and livestock, equine and pet care. The company operates more than 2,000 stores across the country.

– Accel Entertainment Inc ($NYSE:ACEL)

Accel Entertainment Inc is a gaming technology company that provides gaming devices, systems and services for the gaming industry. The company has a market capitalization of $842.69 million and a return on equity of 32.45%. Accel Entertainment Inc provides gaming devices, systems and services for the gaming industry. The company offers gaming devices, systems and services for the gaming industry.

Summary

There are a few key reasons to consider investing in Planet Fitness.

First, the company is seeing strong member trends, with joins back to historical pre-pandemic levels. Second, right now media coverage is mostly positive. Third, the stock price moved up the same day. Of course, it’s always important to do your own research before investing in any company. But if you’re looking for a potential growth stock in the fitness industry, Planet Fitness is definitely worth considering.