The good news is that we're not wasting away while we're stuck at home. Peloton Interactive (NASDAQ: PTON) posted blowout financial results after Wednesday's market close. Strong membership growth and record engagement levels make it clear that fitness seekers are making the most of their time at home. But what happens after the shelter-in-place phase of this pandemic passes?
Investors got a stark contrast to Peloton's performance a day earlier when Planet Fitness (NYSE: PLNT) fell well short of Wall Street's revenue and profit targets in its latest quarter. The discount gym operator posted the first top-line decline in its publicly traded history. All of its 2,039 discount gyms were closed in mid-March, so engagement is nonexistent and the current quarter is going to be as bad you probably think.
Image source: Peloton.