Why Planet Fitness Was Never Worried About Peloton

Published by
The Street

By Veronika Bondarenko As the pandemic fades into the background, the fitness industry is seeing a return to more normal patterns. When the pandemic first hit North America, gyms werejust behind airlines among the hardest-hit industries. Even before official shelter-in-place orders, many were quick to close down and transition to virtual everything — from streamed yoga and kickboxing classes to one-on-one remote sessions with a trainer. Meanwhile, sales of Peloton (PTON) – Get Free Report bikes soared while shares of national gym chain Planet Fitness (PLNT) – Get Free Report fell to a record …

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