1549 ET - With recession fears on the rise, fitness remains a defensive industry, Baird analysts say in a research note, pointing to how gym membership estimates grew in both 2001 and during the Great Financial Crisis. Within such an industry, Planet Fitness's high-margin, subscription-based business model and value-based offering is an attractive setup, they say. They note the company has limited direct exposure to tariffs given a key equipment supplier has staged inventory to mitigate risks and the company has other offsets like scaled buying power. Foot traffic has also picked up recently, the analysts say. They say the company appears on track to meet or exceed initial full-year guidance. (kelly.cloonan@wsj.com)
(END) Dow Jones Newswires
April 08, 2025 15:49 ET (19:49 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。