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Demand for Gym Equipment likely to increase after end of pandemic

Fitness Stocks are putting themselves into position to serve a growing demand.

•• 3 Min
Demand for Gym Equipment likely to increase after end of pandemic

One thing we know for sure is that the pandemic will eventually be behind us. And that couldn't be long. According to the experts, we can probably look forward to a few years of vaccinations and booster vaccinations. But the fear of a deadly pathogen to which we are exposed around other people will subside, and we will return to the world in full. Markets tend to ignore predictable changes ahead, so we can probably begin to anticipate those changes as we hunt for new growth in the world of stocks. One area that could benefit disproportionately is the fitness area, which includes gyms, fitness equipment, fitness expertise, and live sports for relaxation and watching. We shouldn't just expect more people to come to the gym again. People will also care more about health and fitness, as well as their appearance and wellbeing, as we become involved in a more social existence. With that in mind, let's take a look at some of the emerging active leaders in this room including Planet Fitness Inc (NYSE: PLNT), Tivity Health Inc (NASDAQ: TVTY), B2Digital Inc (OTCMKTS: BTDG), and Peloton Interactive Inc (NASDAQ: PTON). Planet Fitness Inc (NYSE: PLNT) is a franchisor and operates fitness centers under the Planet Fitness name. The company operates in three segments: franchise, proprietary stores, and equipment. The Franchise segment operates in franchise business in the United States, Puerto Rico, Canada, the Dominican Republic, Panama, Mexico, and Australia. The Corporate-Owned Stores segment operates company-owned stores in the United States and Canada. The Equipment segment deals with the sale of fitness equipment to franchise stores in the United States. Planet Fitness Inc (NYSE: PLNT) recently announced that starting August 1, members and guests will be required to wear a mask at all times in all stores that are open. Currently, all Planet Fitness employees are required to wear masks. To date, the company has opened approximately 1,450 locations in 46 states, the District of Columbia, Canada, and Australia. "With the COVID-19 pandemic we continue to fight amid an ongoing global health crisis, wellness has never been more important to our collective community as it is today," said Chris Rondeau, chief executive officer of Planet Fitness. "Gyms are part of the solution and a key part of the healthcare system as they provide people with much-needed access to exercise and staying healthy. Given our leadership position in the industry, we believe it is our responsibility to keep our members, employees and communities going protect so that we can all safely focus on our health, which is more important today than ever, "said Chris Rondeau, chief executive officer of Planet Fitness. The stock has suffered a bit lately, with PLNT stock taking a hit in recent action, falling about -5% over the past week. Last month, stocks suffered significant selling pressure and fell about -14%. Planet Fitness Inc. (NYSE: PLNT) posted revenues of $ 127.2 million in its most recently reported quarterly figures, representing a revenue growth of -14.5%. In addition, the company has a strong balance sheet, with cash on hand well above current liabilities ($ 610.7 million versus $ 180.2 million). Tivity Health Inc (NASDAQ: TVTY) provides fitness, nutrition, and social connectivity solutions in the United States. The company operates in two segments: health and nutrition. The Health Care segment offers SilverSneakers senior fitness programs for members of Medicare Advantage and Medicare Supplement programs; Prime Fitness, a program for access to fitness facilities by commercial health plans, employers, and other sponsor organizations; Health plans through the WholeHealth Living program; and health services such as chiropractic care, acupuncture, physical therapy, occupational therapy, speech therapy, and others. The nutrition segment offers weight control products and services under the names Nutrisystem, South Beach Diet and Wisely Well.

DemandPandemicB2Digital

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