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PLNT - Planet Fitness Stock Had a Terrible Quarter. Here's Why It's Still a Buy
Planet Fitness Inc.
Gyms have been one of the business models hurt most by the pandemic. Lockdowns had forced most gyms to shut down, and some simply never reopened. For gyms open today, strict capacity restrictions provide yet another temporary headwind for success.
Considering all of this, it's no wonder that Planet Fitness (NYSE: PLNT) had such a bad quarter. Regardless, it is a strong long-term buy.