Planet Fitness’ Unit Economics Show Signs of a Bright Future
August 25, 2020
As one of the leading franchisors and operators of fitness centers in the United States, Planet Fitness (NYSE:PLNT) had quite the run of success up until the coronavirus pandemic forced the stock to drop 25% year to date. The company’s sales in Q2 2020 (ended June 30) were down 77.9% from the prior-year period as a result of temporary store closures due to the coronavirus.
Planet Fitness’ franchise business model is attractive to investors as long as the… READ MORE @ The Motley Fool