Richard Drew/AP Photo
Planet Fitness has stayed afloat during the pandemic and avoided permanent closures.
CEO Chris Rondeau said this was partly because of its increased focus on digital, including a new subscription workout service. COVID fatigue is real. People are coming out and joining, and they re not canceling at elevated levels right now, Rondeau said.
Planet Fitness CEO Chris Rondeau believes the US is headed toward a post-pandemic fitness boom like we ve never seen, he said.
While competitors like Gold s Gym and 24 Hour Fitness went from temporarily closing locations to ultimately turning off the lights for good at some in 2020, Planet Fitness has managed to stay afloat without a single permanent closure across its 2,000 national gyms.
PTON Stock: The Dip in Peloton Is a Buy Opportunity You Shouldn't Pass investorplace.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investorplace.com Daily Mail and Mail on Sunday newspapers.
Author Bio
Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.
Peloton Interactive (NASDAQ:PTON) has emerged victorious from a legal fight with one of its rivals. On Monday, the exercise equipment and class specialist prevailed in a patent infringement lawsuit brought by Icon Health & Fitness, owners of the well-established NordicTrack line of exercise machines.
Peloton Defeats Bike+ Patent Infringement Lawsuit Brought by NordicTrack Maker fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.