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Aug 10

Why Planet Fitness Will Survive the Recession – Motley Fool

In this Industry Focus: Consumer Goods Bonus episode, Emily Flippen and Motley Fool contributor Dan Kline discuss the latest quarterly results from Planet Fitness (NYSE:PLNT). They go through the company's financials and membership numbers, and talk about how it has done in the space compared to the competition, the challenges it's facing, how it's positioned in the world of COVID-19, and much more.

To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video.

This video was recorded on Aug. 5, 2020.

Emily Flippen: Welcome to Industry Focus. It's Wednesday, Aug. 5, and this is your bonus episode of Industry Focus. I'm your host Emily Flippen, [laughs] and I'm welcoming back Dan Kline, as promised yesterday, to follow-up on Planet Fitness. Planet Fitness reported earnings after the bell yesterday, and we thought it was only fair to give a short earnings review. Dan, thanks for joining again.

Dan Kline: Thanks for having me. Emily, we did it, we're in the bonus, we got the extra life, there's another Pac-Man sitting at the top of the screen.

Flippen: It's really, this is, again, very self-indulgent of us, because I know this is a company that we love to talk about. We were both bummed to have to talk about it before the earnings review, so I'm excited that we're able to release a short episode now, just taking a look at the earnings. I sent you along a really nice review, right before we started taping right now, saying, from a nice member who left us a review on iTunes, saying, they're hoping for the Planet Fitness deep dive, and so I hope that, kind of, lives up to those expectations.

But without any further ado, Dan, how were the earnings?

Kline: [laughs] Well, they weren't great, as expected. This company was largely closed for the quarter, but that said, their financial picture and their membership picture is really strong. Total revenue decreased from the prior year period by 77.9%; that's actually less of a hit than I expected. [laughs] I thought they'd have taken in no money; they took in a little bit of money. Net loss was about $29 million or $0.36 a share, that's compared to they made $34.8 million or $0.41 a share in the year-ago period. They opened 21 new stores during this. Emily, that is unfortunate for those franchisees, because while you and I joined Planet Fitness during this, I'm guessing a lot of people weren't rushing to join a gym that wasn't open.

But here's the good news, and this is what stunned me the most:Cash and cash equivalents, as of June 30, were $423.6 million. That means they could lose this amount of money for, like, I don't know, five years. They're in a really good position to survive. Would you think Planet Fitness would be sitting [laughs] on $423 million when they only lost $30 million or $29.2 million in the quarter?

Flippen: No, I wouldn't have assumed that, but I do think it comes back to that franchise model that we talked about yesterday. It means that this business is a pretty steady, recurring, cash-generating business. And as you said yesterday, 90% of their revenue is recurring. So, even with the subscriptions largely turned off for this quarter, I guess it goes to show that that model that has succeeded for so many years in the past has built up a pretty strong cushion for Planet Fitness to handle quarters like this far into the future.

Kline: Yeah, and it's one of those scenarios, where the money they took in was largely the new franchises having to buy equipment. So, they're really making money, they take a cut of the sales, they sell them the equipment, all of the money for marketing comes from the franchisees, there's a fund for that. So, there's not a lot of corporate expense to running this company.

But here's the good news, there's a lot of silver lining. Membership is only down 4%, 14.8 million people now, they used to have 15.5 million. They are at about 60% usage with their stores reopen. The worst is over. This is really encouraging. I mean, you might see some spot closures -- frankly, if gyms didn't reclose here in Florida, I doubt they're going to reclose anywhere. I don't know, Emily, I looked at this and I was really excited.

Flippen: Yeah, when I think about the cat getting put back in the bag here, I think it's probably virtually impossible for the state [and] federal governments to try to get gyms and other businesses reclosed, even if that is the best way to control the current outbreak. So, I'm inclined to believe that moving forward, it's likely that this is going to be one of the worst quarters for Planet Fitness for the foreseeable future. But I have to be honest, I'm a little concerned that membership -- you said it was only down 4%, and while that's good in the grand scheme of things, we know other gyms' memberships were more dramatically hit. At the same time, Planet Fitness was proactive about not charging people during the period in which their memberships or their gyms were not open. So, the idea that people were still canceling, even though they weren't getting charged during this pandemic for a relatively low-cost subscription, it's still a little bit concerning.

Kline: I'm guessing that it's largely people who don't feel comfortable going to the gym and can't imagine feeling comfortable going to the gym anytime soon. I know that there's definitely people in my world, and you probably had this as well, but when I said I joined a gym or that I went to the gym to meet my trainer, are horrified. You know, that I might as well be saying, "I'm going to an all-you-can-eat buffet and I'm using my hands," you know. [laughs] I think there is a level, you know, it's all personal taste, but there's a cautious level. There's also probably some seniors and some older people who shouldn't be going to the gym, or immune-compromised people who right now can't imagine that they're going to go to the gym in the next six months or the next year. And I'm guessing it's not $10 members who quit, I bet it's more $23 members. And that's not a lot of money, but if you're out of work and you don't know what your financial picture looks like, it's still meaningful -- you know, it's a nice lunch.

Flippen: So, let's talk about what their revenue may look like in the future. You said their revenue was down almost 80% compared to the year-ago period, when you look at where the revenue is today versus where it could be maybe a quarter or two from now, how does that leave you feeling?

Kline: Well, the vast majority of their stores are reopened, that means they're re-collecting all that recurring membership revenue. They wouldn't give any guidance, they gave a really cryptic guidance, you said it to me, on what they're going to do with store openings, so they might take a hit in that area, which is actually a pretty big revenue driver for the company. But overall, I'm pretty confident that they're going to swing back to a profit. And sitting on that much cash, even if they're just breakeven for the next couple of quarters, this is actually a better investment than I thought it was.

Flippen: It's interesting, because we're seeing a lot of really great quarters coming out from a lot of their competitors for the at-home fitness trend. Planet Fitness clearly is not performing as well in that category as some of their at-home fitness competitors are. But I think when you look at the valuation that's attributed to it in the market today, it's a lot more reasonable than some of their competitors. Granted, I still think the valuation of Planet Fitness -- and not that I spend a ton of my time thinking about valuation [laughs] of Planet Fitness -- but I still think, baked into that expectation is expansion opportunities.

And you mentioned before, they opened 21 new Planet Fitness stores during the quarter, which I still think is pretty outstanding considering the fact that virtually the entire country was shut down, at least at one point during the previous quarter. The big question is, can they reach their expansion milestones for the next year, for the next two years? Do the people who are franchising these Planet Fitness locations still want to expand?

You alluded to some of this cryptic guidance that they gave in the call in response to an analyst's question. What was that cryptic guidance?

Kline: I'm sorry, I don't have it in front of me, but they basically talked around the question. They more or less said, we don't know. And I hate to say, but that's correct.

So, I would argue that there are people with money that are looking to invest, and they're more likely to open a business you can join with recurring revenue for $10 a month than they are to open, say, an upscale restaurant or lots of other businesses. Look, are they going to open as many gyms in the next six months as they would have? No, just because construction is slower. There's probably not a lot of people eager to, right now, open their gym. That said, when we're post-pandemic, and let's pretend six months from now we're largely in a post-pandemic, maybe even in a vaccinated world, I think this is going to be a really attractive business, because the people who were paying $80 or $90 a month for a gym, they might look at it and go, oh, that's too much. I'm not making as much money. And the person who bought a Peloton, and for the last six months, and by then it'll be 12 months, was sitting there and only using their Peloton. They might go, "You know what? I want to go to a gym, I want to take a class, I want to work out with some weights. But I'm paying $80 a month between my financing and my monthly membership fee with my Peloton. So I'm just going to join this cheap gym near my house."

The other thing they'll benefit from is, people will start commuting again. You know, I went to the gym on the way to or the way from work, back when I used to live in Connecticut and I used to commute to someplace a little bit away from my house. Right now, Emily, nobody is commuting. To go to the gym, you have to make a concerted decision to get into the car, and I know that's a little bit tricky for some people. So I don't know what it's going to look like for the next 18 months, but two years from now, I think there's going to be a lot of Planet Fitnesses opening.

Flippen: Yeah, I put you on the spot there with that question. And the good news is, as you were speaking, I pulled up what I, kind of, wanted to reference here. They got a pretty direct question from one of the analysts during the call, who essentially said, we all know the big question here is, what is there in terms of new placement for gyms in the relatively near future? And as you alluded to, the answer was a very roundabout answer that essentially boiled down to an implication that current franchise owners are not [laughs] super-interested in going out and trying to build out new locations now until they have some sense about what the future of the clubs that they own right now is.

And I think, when you think about the declining membership base, and potentially some downgrades of membership, it's a reasonable assumption that people who are currently franchising a Planet Fitness will want to see their businesses return to a relative normal before looking to expand. But before I let you go here, I also want to talk about something that you mentioned yesterday, because it ties into the answer we got on this question. It's about real estate, and the idea that as gyms and other retailers start to go under, there's going to be more accessible real estate for Planet Fitness. What I thought was really interesting in this call is that they didn't actually say whether or not they expect to have more retail availability, especially at a cheaper price. The implication was, Planet Fitnesses are getting rent deferrals, there are a fair number of other businesses that are also getting rent deferrals, and nobody seems to be interested in signing new leases right now.

Kline: [laughs] Yeah, I think that's absolutely true. That said, there are going to be healthy gyms or pre-COVID healthy gyms that go out of business. That's going to be too attractive for Planet Fitness to pass up. The existing franchisors, they're basically saying, right now we have added cost, we don't know if we're going to sign up new members, we don't know what percentage of our existing members we're going to lose, so let's wait a little bit. But that's not exactly saying "no." Realistically, Emily, if I had a lot of money, I would happily open a Planet Fitness. Would I do it in November? No, I probably wouldn't, unless I can approach a landlord and say, "Here's the deal, I'll sign a five-year lease, but I don't want to start paying rent until there is a 2% COVID-19 rate," or a vaccine or whatever the number is.

Because, look, I think for a lot of people, it's a hassle to go to the gym and wear a mask, and it's not as fun to work out. So they're probably seeing 60% usage for clubs that aren't that busy in the first place. They're probably wondering, "Am I going to get another wave of cancellations?" I don't think that's going to happen. I think in the long term, you know, people who go to the gym, go to the gym. We already know that a pretty large percentage of Planet Fitness members didn't go to the gym anyway, so they're not really missing out [laughs] during the pandemic. So, they're going to monitor, but it will get back to normal. This is a very well-priced product for a recession world or even a world where, let's say, we quickly recover, but where people are still keeping a little bit of an eye on their pocketbook.

Flippen: Well, Dan, I appreciate you indulging me and coming back for a second bonus episode today to report on these earnings. It'll be a fun business to watch into the future.

Kline: Looking forward to it.

Flippen: Listeners, that does it for this bonus episode of Industry Focus. As usual, if you need to reach us, you can always email us at IndustryFocus@Fool.com or tweet at us @MFIndustryFocus.

As always, people on the program may own companies discussed on the show, and The Motley Fool may have formal recommendations for or against any stocks mentioned, so don't buy or sell based solely on what you hear.

Thanks to Tim Sparks for his work behind the screen today. For Dan Kline, I'm Emily Flippen, thanks for listening and Fool on!

Read the original here:
Why Planet Fitness Will Survive the Recession - Motley Fool


Aug 10

Red Bank Fitness in the Park Returns – TAPinto.net

RED BANK, NJ: Perhaps youve caught the COVID 10-15 (pounds gained?)

You can shake it up, stretch it out or clear your mind with Zumba, Pilates, or Yoga in Riverside Gardens Park every Wednesday.

Fitness in the Park is brought to you by theRed Bank Parks and Recreation Departmentand sponsored by the Red Bank YMCA.

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YMCA of Greater Monmouth County President & CEO Laurie Goganzer said,"The Community YMCA is excited to once again lead Fitness in the Park to help keep our neighbors in Red Bank active. The series ofoutdoorZumba,Pilates and Yogais great way to bring our community together to improve health and well-being for all."

Heres the 2020 Schedule:

August 12 - Pilates

August 19 - Yoga

August 26 - Zumba

September 2 - Pilates

September 9 - Yoga

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Red Bank Fitness in the Park Returns - TAPinto.net


Aug 10

New guidelines on gyms, fitness centers in Washington has owners and members frustrated – KING5.com

Sami Sweeney owns Pure Barre in Bellevue and started a petition to get the attention of lawmakers to address what she says are too strict guidelines on reopening.

BELLEVUE, Wash. Updatedguidelines for fitness centers and gyms in our state take effect August 10, and some gym owners say they are too strict.

Among the changes is a 300-square-foot amount of space per participant for any indoor fitness activities. While larger gyms may be able to manage that, smaller gyms and studios could be faced with hard decisions.

I'm personally feeling, you know, really, really frustrated, said Blair McHaney, CEO of the Washington Fitness Alliance (WFA).

The WFA has been working with Gov. Inslees office to come up with guidelines that would allow for people to be safe but for the gyms to still operate as a business.

As coronavirus cases began to increase, Gov. Inslee announced rollbacks that included limiting the number of people in a fitness center to five regardless of its size.

What we did is we looked at the states that were performing the very best thing and mitigating COVID-19, and we looked at their guidance and it's generally 150 square feet per person to maintain 6 feet of social distancing, McHaney said.

McHaney said his coalition couldnt get Gov. Inslees office to go lower than 300 square feet. McHaney said while larger clubs may be able to mitigate that change, it will be devastating to smaller clubs.

Our board is not here to advocate for big clubs, the WFA is here to advocate for fitness and indoor recreation. And we can't leave those guys out. We can't leave them out, he said.

McHaney noted despite positive conversations with the governors office, the process felt rushed. He said they are working on drafting a letter that uses data to support their assertion that the guidelines are too restrictive.

We just got new data today, tracking 24,000,000 member check-ins from clubs that have been reopened from all across the country, and less than .005% occurrence rate when you look at the number of check-ins and the number of cases that have been called in, he said.

Sami Sweeney owns Pure Barre in Bellevue. She said theyve been operating in a limited capacity since King County moved into Phase 2, but the new guidelines would be too much.

We're gonna be down to two people per class and we cant operate, wed have to close down with just two people per class, Sweeney said.

Her husband Brandon said he was planning to open a boxing gym in downtown Seattle before the pandemic hit, but the new guidelines would make it cost-prohibitive for him to do so.

We don't know a single business in this industry. That would ever be able to live with the new guidelines, he said.

Sami started a petition that has nearly 13,000 signatures, pleading with Gov. Inslee to hear them out on reopening guidelines. She said she would welcome any extra inspections to prove their cleanliness.

I would love to have somebody come and see our operations and how we how just how overall clean, and spaced out it actually is, Sweeney said.

Both Sami and Brandon remain optimistic things will work out.

I think everyone sees the risk that all these studios are gonna fail here in the next month or so if we cant change it, she said.

Continue reading here:
New guidelines on gyms, fitness centers in Washington has owners and members frustrated - KING5.com


Aug 10

Fitness centers feel the heat as August marks 5 months since COVID-19 closed their doors – News 12 Westchester

August marks five months since COVID-19 closed fitness centers.

Beth Chamberlin, who owns Nyack Boot Camp in Nyack, says she feels as if she is forgotten.

"We aren't hearing anything, haven't gotten any indication. We're literally going month to month," she says.

The PPP loan that provided eight weeks of financial assistance is no match for the five months and counting that gyms have been closed. Even with a pivot to virtual workouts, she's seen a 15% decline in memberships.

Fitness centers struggling to survive are now fighting back with a $500 million class-action lawsuit.

But for Lifeplex Health Club in Monsey, the lawsuit comes too late. It is closing for good after 23 years in business.

Initially in phase four, Gov. Cuomo pulled fitness center reopenings at the last minute due to worries the ventilation systems would recirculate the virus. Those in the industry say physical fitness is key to fighting the pandemic.

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Fitness centers feel the heat as August marks 5 months since COVID-19 closed their doors - News 12 Westchester


Aug 10

Strive to Thrive contest resumes after OhioHealth Ontario Health & Fitness reopens – Richland Source

MANSFIELD After 10 weeks of being on pause, the Strive to Thrive contest will resume on Aug. 10 and close out the final three weeks of the competition.

In March, the competition came to an abrupt and unexpected halt due to COVID-19 shutting down many facilities, gyms included.

While Gov. Mike DeWine allowed gyms to reopen starting May 26, OhioHealth Ontario Health & Fitness Center did not reopen until July 22.

Being part of OhioHealth, they were looking at the larger picture for the hospital system itself, and during the time that we were shut down a lot of our staff were redeployed to assist with other things that were going on in the hospital like temperature checks at the doors and just helping with a lot of those other kinds of things that weren't really positions or jobs that needed to be done, said Carol Mabry, program coordinator for the Ontario Health & Fitness Center.

The Strive to Thrive competition will resume with seven contestants, two officially dropping out due to not wanting to put their families or themselves at risk.

Contestant Eddie Gallo cant wait for the contest to resume after successfully getting his diabetes under control with the help of the competition.

It's gonna be tough, I think, he said. You don't have to have that initial soreness and stuff all over again that youve already gotten accustomed to, so it'll be a little adjustment. Ill just be glad to get back to the gym and have that opportunity to use the equipment and be with (his trainer) and have a little bit of insight and encouragementhopefully keep things on track for the rest of the year.

The weight loss competition inspired by NBCs The Biggest Loser consists of weekly personal training sessions, nutritional education and group competitions. One major difference, however, will be that no one will be eliminated.

All contestants have received personal training sessions, a FitBit and a free membership to OhioHealth training facilities from Jan. 6 to (now) Aug. 24. An overall winner will be named based on his/her body composition analysis using OhioHealth's InBody 230.

Contestants were given the option to take a yoga or spinning class during the Strive To Thrive March community event.

The winner will receive a year-long membership to OhioHealth training facilities.

Gallo has never been interested in winning and already plans on getting a gym membership if he loses due to being more comfortable and active in that setting.

Ive got a little bit of equipment at home but it just seems like there's too much going on, or something that distracts you or somebody else's schedule intervenes and we don't really have the time to dedicate to doing it at home, Gallo said. So its almost like that thing where you need to go to that other place to make yourself be accountable for making it worthwhile. Its one of the reasons I've missed the gym so much during that time.

Below are the contestant standings the last time measurements were taken on March 15. We'll update the standings with the remaining contestants the week of August 17.

Since reopening the gym, Mabry shes seen an increase in membership and even their personal goal of reaching 100 visits a day.

We rolled out with a small schedule. We have to limit the (group class) sizes to nine people, so that we can make sure everybody's able to socially distance. But we definitely saw an increase just the last couple of days once classes started back up, versus the week and a half prior.

Although the competition wont get to end the way they pictured, Mabry is excited to get the remaining contestants back on track.

We're thrilled that the fitness center is reopened and that people are starting to come back in and that most of the Strive contestants are going to be coming back in to get back on track or continue on their journey, because some have done a good job, Mabry said.

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Strive to Thrive contest resumes after OhioHealth Ontario Health & Fitness reopens - Richland Source


Aug 10

This 74-Year-Old Woman Went Viral for Her Remarkable Fitness Transformation – Yahoo Lifestyle

Photo credit: Joan MacDonald - Instagram

From Men's Health

Theres no age limit on beginning to prioritize your health and well-being. For Joan MacDonald, motivation to strengthen her body came two years agowhen she was over 70.

Now at 74 years old, Joan has gone viral for her incredible fitness journey, amassing a following of more than 800,000 fans on Instagram. On her page, her bio has a single simple phrase: You cant turn back the clock but you can wind it up again.

Joan's coach is actually her daughter Michelle MacDonald, who is a professional trainer. On her Instagram, Joan posts countless videos from the gym doing impressive exercises for someone even half her age. From crushing bicep curls t0 doing hip thrusts, Joan does it all. And working on her physique with her daughter has taught Joan valuable lessons you can take straight to the gym.

Recently, for instance, Joan published a popular post addressing the importance of gym style as a motivating factor. Addressing her personal experience, she writes that she hated trying on clothes prior to starting training, and used to wear baggy shorts and shirts 24/7. When her daughter insisted she buy new workout clothes for her fitness journey, Joan noticed a sudden shift.

Story continues

When I saw myself in flattering clothes in cute colors, I could see that my inner dialogue had to go, she writes on Instagram. I actually had muscles! I actually had a good shape taking form! I felt so good inside to see that in those new clothes.

Joan adds that though style is often seen as trivial, its actually a great motivational tool and has a powerful impact on self-worth. When you feel you look good, you start to treat yourself with more kindness.

If I can learn that lesson in my seventies you can too, she writes. Now you wont catch me heading to the gym (or my living room, as the case may be) without taking the time to chose a favorite outfit. My daughter tells her clients, You have to invest the same love and compassion for yourself at the start of your transformation that would to your own daughter if she was in your shoes."

"You would encourage her, compliment her on her successes no matter how small, and you would treat her to some workout clothes that were flattering, wouldnt you? So learn to do that for yourself, and replace that negative inner dialogue with a positive one. Now Im sharing this with you.

The advice to prioritize self-worth, compassion and inner strength rather than focusing on a number on the scale is a healthy, sustainable way to approach fitness. And Joan doesnt want anyone to wait to start treating themselves kindly.

Please dont wait til youre perfect to take pride in yourself, Joan writes. You have to already see your perfection, your effort and your courage today. Love yourself enough to change, and show yourself that love daily.

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This 74-Year-Old Woman Went Viral for Her Remarkable Fitness Transformation - Yahoo Lifestyle


Aug 10

Bear of the Day: Planet Fitness (PLNT) – Zacks.com

Planet Fitness (PLNT - Free Report) reported weaker second-quarter 2020 results, as earnings and revenues both missed the Zacks Consensus. The top and the bottom lines also declined sharply year over year owing to the coronavirus pandemic.

Subsequently, the company has withdrawn its 2020 guidance due to the uncertainty tied to the crisis.

Quarterly Details

On August 4, Planet Fitness reported an adjusted loss per share of 32 cents, wider than the Zacks Consensus Estimate of a loss of 17 cents. In the prior-year quarter, the company had reported adjusted earnings per share of 45 cents.

Quarterly revenues of $40.2 million missed the consensus mark of $43.3 million by 2.5%. The top line also declined 77.9% from the year-ago quarter primarily due to the weak performance across Franchise, Corporate-owned Stores and Equipment segments.

Franchise revenues fell 70.8% year over year to $21 million. The Corporate-owned Stores segments revenues declined 76.3% year over year to $9.4 million. In the Equipment segment, revenues declined 86% year over year to $9.8 million owing to lower equipment sales to new and existing franchisee-owned stores.

Moreover, EBITDA in the Franchise segment declined 92.9% year over year to $3.5 million. The decline was primarily attributed to temporary shutdowns owing to COVID-19. At the Corporate-owned stores segment, EBITDA fell 135% year over year to ($6.3) million. EBITDA in the Equipment segment declined 92.2% year over year to $1.3 million.

Total adjusted EBITDA at the end of the second quarter deteriorated to ($9.3) million from $76.5 million in the year-ago quarter.

The Technical Outlook

My colleague Jeremy Mullin wrote about PLNT as the Bear of the Day in early May right before their Q1 report, as downward analyst estimate revisions ahead of that event had already taken the stock to the cellar of the Zacks Rank.

Here's what he observed at the time when shares had bounced hard in April and were still trading near $60...

Planet Fitness is a Zacks Rank #5 (Strong Sell) that is one of the leading franchisors and operators of fitness centers. The stock fell over 70% after all the gyms in the country were closed due to COVID-19. However, with the potential for a reopen of gyms and the economy it bounced significantly, moving up over 170%.

Now that the run higher has stalled at technical resistance, it looks like the stock could fall again.

Overview of Company

The Hampton, New Hampshire company has over 14 million members and 2000 stores in 50 states. PLNT is valued over $5 Billion and has a Forward PE of 52. This high valuation gives the stock a Zacks Style Score of F in value.

Gyms Closed

The big issue the company faces is that its business is closed due to COVID-19. This obviously is hurting the company as it cant collect the revenue from members that are typically going to the gym. The company has frozen all memberships in April, which means the quarter will essentially have no member revenue if they dont open soon.

While there has been momentum for economies to open, gyms are tricky in a COVID environment. Investors should question whether people will feel comfortable going back to a place where sweat droplets are essentially everywhere.

Technical Resistance

The March lows brought PLNT down to $23.77 from $88.77 the month before. Those lows were a great buy, as the stock has rallied all the way to the mid-$60s in the recent weeks. However, the move has stalled at a 61.8% Fibonacci retracement, which happened to be lined up with the 200-day moving average.

The stock could find support around the $50 level, but a break of the recent momentum could bring the April lows of $40 into play.

(end of excerpt from Jeremy's May 1 article)

Planet Fitness may become a routine again in workout enthusiasts' lives, but right now the company numbers aren't pulling their weight. When analysts have more visibility on gym membership sales and profits, their estimates may stop going down. The Zacks Rank will let you know.

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Bear of the Day: Planet Fitness (PLNT) - Zacks.com


Aug 10

Gritstone Climbing and Fitness LLC hosts grand opening – WBOY.com

MORGANTOWN, W.Va. Gritstone Climbing and Fitness held its grand opening Saturday in the Sabraton area of Morgantown where residents could check out the facility seeing what they have to offer.

Owners of Gritstone Climbing and Fitness say are building West Virginias premiere climbing facility with roped climbing, lead, speed, bouldering, youth climbing, and more. The owners said the design and idea of the facility has been in the works for the last three and a half years. The climbing gym offers more than just a place of exercise, it also offers feel of a cultural center and recreational type facility while making new friends.

Climbing components of what we have, we have these gorgeous tall, 50-foot-tall walls. We have a variety of rope climbing, top rope climbing, lead climbing, and on belay climbing, we have bouldering, said John Burkhart, Owner and General Manager of Gritstone Climbing and Fitness LLC.

The gym also offers a weight room, yoga studio, and also a kids climbing walls with youth programing. Sweet Southern Smoke set up in the parking lot with their BBQ items for those who came out to the opening providing a warm meal.

Gritstone is a cultural center as well and a hub of education and activity. So, we have plans to bring, for youth we have youth camp, recreational climbing clubs, competitive climbing programs that we are building. we have adult fitness and exercise programing, and a yoga program. Also interested in bring cultural activities like speaker series and educational seminars to the facility, said Burkhart.

Owners of Gritstone Climbing and Fitness said patrons were excited entering the facility and were ready to start climbing the walls.

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Gritstone Climbing and Fitness LLC hosts grand opening - WBOY.com


Aug 10

UMF Fitness and Recreation Center to reopen on limited basis on Aug. 12 – Daily Bulldog

Ben White, director of the UMF Fitness and Recreation Center.

FARMINGTON - The University of Maine at Farmington Fitness and Recreation Center is pleased to announce that after a recent shutdown due to COVID-19, it will reopen, on a limited basis, to the campus and local communities beginning Wednesday, Aug. 12.

The facility will be open Monday thru Friday from 6 a.m.-1 p.m. and 3 p.m.-8 p.m. It will be closed Saturday and Sunday. It will also be closed Tuesday, Aug. 18, Monday, Aug. 24, and Tuesday, Sept. 1, for COVID-19 testing for incoming students, faculty and staff.

We are so excited we are able to open our doors again to the campus and local community, said Ben White, director of the UMF Fitness and Recreation Center. As with so much of life these days, there are a host of things that have changed, including new safety measures and protocols, but this is a positive first step."

Initial openings will include: strength and cardio areas, group fitness, one-to-one personal training and Mainely Outdoors gear rental.

In keeping with its mission to promote personal fitness and a healthy lifestyle, the FRCs opening will make the health and safety of its patrons and staff its first priority.

Access to the facility will require that all individuals follow State of Maine regulations and UMaine System guidelines, including wearing an appropriate face mask/covering that covers the nose and mouth.

In addition, individuals:

For more information and a complete list of safety measures and protocols, visit: http://www2.umf.maine.edu/frc/frc-reopening-information/

Read more here:
UMF Fitness and Recreation Center to reopen on limited basis on Aug. 12 - Daily Bulldog


Aug 10

Welcome to "The Woods": New 20-acre fitness park in Benton Harbor, MI – WNEM Saginaw

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Welcome to "The Woods": New 20-acre fitness park in Benton Harbor, MI - WNEM Saginaw



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