Planet Fitness: Cramer's Top Takeaways….. an “Government Determination” phase, Cramer sat down with Chris Rondeau, CEO of Planet Fitness Inc. (PLNT – Get Report) , the healthclub chain with 1,500 places and shares that added seventy two% final yr.
Rondeau stated that when retailers shut shops, that's nice information for Planet Fitness, as landlords are clamoring for places that drive tons of visitors, particularly throughout off hours. The Planet Fitness mannequin has confirmed itself to work all over the place, and the chain now has places in all 50 states.
Planet Fitness: Cramer's Top Takeaways
Rondeau added that forty three% of their members have by no means belonged to fitness center earlier than. They recognize the snug, non-intimidating environment, whereas the corporate maximizes efficiencies via its scale.
Planet Fitness is way from executed rising, Rondeau stated, as the corporate has improvement agreements already in place for an additional 1,000 places throughout the nation.
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