TL;DR
Planet Fitness, a leading franchisor and operator of fitness centers in the US, saw its stock drop 25% year to date due to the coronavirus pandemic. The company's Q2 2020 sales were down 77.9% from the prior-year period due to temporary store closures.
As one of the leading franchisors and operators of fitness centers in the United States, Planet Fitness ( NYSE:PLNT ) had quite the run of success up until the coronavirus pandemic forced the stock to drop 25% year to date. The company’s sales in Q2 2020 (ended June 30) were down 77.9% from the prior-year period as a result of temporary store closures due to the coronavirus.
As one of the leading franchisors and operators of fitness centers in the United States, Planet Fitness (NYSE:PLNT) had quite the run of success up...
In this story
This story was originally published by Staff Editor in Athletech News on August 25, 2020. Burnaze summarizes and links to the original reporting.
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