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Stock impact report

Will Planet Fitness Get a Post-Coronavirus Bounce? [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
Planet Fitness(NYSE:PLNTIn this environment, it is not surprising that management joined other companies in withdrawing 00 guidance. There are signs that social distancing is having the desired effect and reducing the rate of infections, but certain government officials are warning that cities and states will not reopen all at once to prevent a renewed outbreak. With the decision up to each state, Georgia recently announced certain businesses, including gyms, are allowed to reopen by the end of the week. Planet Fitness has 6 clubs in the state, but it is unclear if it will reopen them.Other states like California (0 clubs) and New York (90 clubs) are pledging a go-slow approach. This means Planet Fitness is likely in for tough sledding for some time, but it has a sustainable business that should recover quickly once the worst of the health crisis passes, even in a tough economy.Image source: Getty images.An affordable workoutThe economy is likely to remain sluggish even after local go Show less Read more
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