1044 ET - Planet Fitness has a few avenues for winning in the public-gym sector if a recession hits, BMO Capital Markets analyst Simeon Siegel says in a research note after meeting with management. While the company's leaders didn't say a recession is on the horizon, they did note that Planet Fitness would benefit if a recession spurred tradedown out of more luxury fitness offerings, the analyst says. A recession could lead to lower interest rates, which would be favorable for franchisees and gym build-outs, and could also improve the availability of real estate and rental space, the analyst says. (dean.seal@wsj.com)
(END) Dow Jones Newswires
March 31, 2025 10:44 ET (14:44 GMT)
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