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-0.00227531285551764 -0.0177149358036729 -0.000487567040468083 -0.00113765642775882 -0.0175524134568503 -0.0175524134568503 -0.0175524134568503 -0.0175524134568503
Stock impact report

Is Planet Fitness Capable of Muscling Through Tough Times? [The Motley Fool]

Planet Fitness, Inc. (PLNT) 
Last planet fitness, inc. earnings: 2/25 04:05 pm Check Earnings Report
Company Research Source: The Motley Fool
For brick and mortar destinations temporarily shuttered by the coronavirus pandemic, balance sheet health is everything. It's anyone's best guess as to when the U.S. economy will move from chaos to normalcy. But by studying liquidity and cash position, we can forecast which beaten up brick & mortar chains will overcome most of the pain.Planet Fitness(NYSE:PLNTImage Source: Getty Images.An enviable positionPlanet Fitness's conservative cash burn rate, which is the rate at which a company uses available cash on hand over a given time period, sits at just over 7% a quarter -- a stark contrast compared to the string of credit revolvers recently exhausted by traditional retailers just to survive. Current company liquidity covers all expenses for the rest of the year and well into 0 in a zero revenue scenario. This bleak sales projection seems overly pessimistic. Unlike many other businesses, gyms can open as part of the phase one easing of social distancing based on guidance offered by the Show less Read more
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