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Planet Fitness is raising prices even as it warns customers are growing cost-conscious - TL;DR CNBC

Planet Fitness is raising prices even as it warns customers are growing cost-conscious

Publishing timestamp: 2024-05-09 16:33:43


Summary

Planet Fitness is raising its base-level membership prices for new customers for the first time since 1998, despite warning that customers are becoming more cost-conscious. The company reported weaker-than-expected first-quarter revenue and cut guidance for the fiscal year. Analysts still see positive catalysts ahead for the company, including a new CEO and pricing changes.


Sentiment: MIXED

Tickers: LTHPLNT

Keywords: life time group holdings incbreaking news: businessbreaking news: economyeconomybusinessplanet fitness incbusiness newsearningsretail industry

Source: https://www.cnbc.com/2024/05/09/planet-fitness-raises-prices-even-as-customers-grow-cost-conscious.html


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