CG: Pre-Earnings Planet Fitness Deep Dive
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 4 August 2020
⏱️ 41 minutes
🧾️ Download transcript
Summary
Motley Fool contributor Dan Kline joins Host Emily Flippen to take a deep dive into one of the hottest fitness stocks on the market today, and no, it’s not Peloton. Planet Fitness has struggled as the pandemic forced many of its clubs to close down, but does the work-from-home trend benefit or hurt this discount gym over the long term? Join us as we take a deeper look at Planet Fitness ahead of its earnings report on the 4th.
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Transcript
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| 0:00.0 | Welcome to Industry Focus. The podcast that dives into a different sector of the stock market each day. |
| 0:11.0 | I'm your host Emily Flippin. I'm Jason Moser. I'm Nick Seyphill. I'm Dylan Lewis. And today |
| 0:16.0 | we're talking financials. Today we're talking consumer goods. |
| 0:19.2 | Wild-Curt! Wednesday. And we're talking energy. And today we're talking tech. Let's dive in. |
| 0:27.2 | Welcome to Industry Focus. It's Tuesday August 4th and I'm your host of this |
| 0:31.3 | Consumer Goods focused episode Emily Flippin as we alluded to last week |
| 0:36.0 | Today I am joined by Dan Klein to take a deep dive into a company that we both know really well that's Planet Fitness and they were their port |
| 0:44.3 | earnings after market closed today so we're going to be taking a deep dive and then |
| 0:47.9 | also talking about what we expect for them coming up later today. |
| 0:50.8 | Yeah Emily this is a company I'm really excited about. |
| 0:54.6 | They own a space and you know you mentioned you just joined. |
| 0:58.0 | You joined for the same reason I joined. |
| 1:00.4 | Sort of. |
| 1:01.6 | Right now there's not a lot of travel travel part of my logic is I will go to |
| 1:04.4 | planet fitnesses when I when I travel but we both live in a building that has a gym |
| 1:08.9 | there have been some issues with my my building's gym it recently, but it's been closed off and on. |
| 1:15.7 | And when it's open, every other machine is randomly taped off, which is not how social distancing |
| 1:21.2 | works. It's stay six feet away from other people, not work out your bicycle. not but when I'm not working out with my trainer I will go to Planet Fitness and they are the perfect price point for that level of customer. |
| 1:38.0 | You don't have to go very often to feel very satisfied with your planet fitness membership. |
| 1:43.0 | Yeah, I as you said I'm a relatively new planet fitness member for exactly the reason that you mentioned, |
| 1:49.0 | which is to say that ultimately the gyms that I was going to the gym at our work which I am no longer |
| 1:55.0 | visiting the gym in my building which has since been closed are no longer accessible and |
... |
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