Why Planet Fitness Was Never Worried About Peloton

When the pandemic first hit North America, gyms were just behind airlines among the hardest-hit industries. Even before official shelter-in-place orders, many were quick to close down and transition to virtual everything — from streamed yoga and kickboxing classes to one-on-one remote sessions with a trainer.

Meanwhile, sales of Peloton  (PTON) – Get Free Report bikes soared while shares of national gym chain Planet Fitness  (PLNT) – Get Free Report fell to a record low of $33.93 on March 20, 2020.