Why this gym industry titan doesn't see gyms vanishing as more people adopt GLP-1 medication In this article : [Yahoo! Finance Canada]
Planet Fitness, Inc. (PLNT)
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Source: Yahoo! Finance Canada
Don't tell gym industry legend Mark Mastrov that GLP-1s will crush his beloved space like a 100-pound dumbbell being dropped on one's foot. "I've seen a lot of people out there I know personally who've said, look, I've gone on a GLP-1, I've lost 30 pounds," Mastrov said in a new episode of Yahoo Finance's Opening Bid Unfiltered podcast (see video above; listen below). "But what's so interesting is all of them are getting into the gym. Like they come to me saying, I want to join a gym, I want to get a trainer, I want to get after it." This embedded content is not available in your region. Mastrov is one of the gym industry's OGs. Now 68 years old and worth a reported $400 million, Mastrov co-founded 24 Hour Fitness in 1983. He transformed it from a single gym into a global powerhouse with over 420 clubs and 4.5 million members before selling it in 2005 for $1.6 billion. Born in Oakland, Calif., Mastrov identified a critical market gap — gyms weren't open 24/7 — and revolutio
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PLNT
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PLNT
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- 3/17/26 - Form 3
- 3/17/26 - Form 4
- 3/17/26 - Form 3
- PLNT's page on the SEC website