PTON - Is This Gym Stock the Peloton Killer?
At-home exercise stocks like Peloton (NASDAQ: PTON) and Nautilus soared in 2020 with people stuck inside trying to find ways to work out during the depths of the pandemic. This came at the obvious expense of traditional brick-and-mortar gym operators, an industry decimated by the economic turmoil last year.
Planet Fitness (NYSE: PLNT) was the main victim of the at-home fitness trend, but its most recent quarter's results paint a positive picture. For this large and fast-growing fitness-center franchisor and operator, the turnaround seems underway.
Does this spell doom for Peloton?
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Is This Gym Stock the Peloton Killer?