Winners And Losers Of Q2: Planet Fitness (NYSE:PLNT) Vs The Rest Of The Leisure Facilities Stocks

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Winners And Losers Of Q2: Planet Fitness (NYSE:PLNT) Vs The Rest Of The Leisure Facilities Stocks As the Q2 earnings season comes to a close, it’s time to take stock of this quarter’s best and ...

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Leisure facilities seek to benefit but must innovate to do so because of the industry's high competition and capital intensity.Big picture, the Federal Reserve has a dual mandate of inflation and employment. The former had been running hot throughout 2021 and 2022 but cooled towards the central bank's 2% target as of late. This prompted the Fed to cut its policy rate by 50bps  in September 2024. Given recent employment data that suggests the US economy could be wobbling, the markets will be assessing whether this rate and future cuts  are the right moves at the right time or whether they're too little, too late for ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2125909593.SGD":"Natixis Thematics Meta R/A SGD","PSQ":"纳指反向ETF","BK4192":"特殊消费者服务","MTN":"Vail Resorts Inc","BK4539":"次新股","LU2125909247.SGD":"Natixis Thematics Meta H-R/A SGD","LU1923622614.USD":"Natixis Thematics Meta R/A USD","LU2211815571.USD":"ALLIANZ POSITIVE CHANGE \"AT\" (USD) ACC","BK4216":"消闲设施","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","LU0266013472.USD":"AXA WF - Framlington Longevity Economy A Cap USD","PLNT":"Planet Fitness Inc","LU2095319765.USD":"Natixis Thematics Subscription Economy R/A USD","QID":"纳指两倍做空ETF","LU2210150020.SGD":"Natixis Thematics Subscription Economy R/A SGD",".IXIC":"NASDAQ Composite","LU2210149790.SGD":"Natixis Thematics Subscription Economy R/A SGD-H","NYSE":"纽交所","LU0053671581.USD":"摩根大通美国小盘成长股 A(dist)","SQQQ":"纳指三倍做空ETF","LTH":"Life Time Group Holdings, Inc.","PLAY":"Dave & Buster","QLD":"纳指两倍做多ETF","BK4209":"餐馆","TQQQ":"纳指三倍做多ETF","EWCZ":"European Wax Center, Inc."},"translate_title":"第二季度的赢家和输家：Planet Fitness(NYSE：PLNT)与其他休闲设施股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PLAY":1,"NYSE":1,"MTN":1,"EWCZ":1,"PLNT":1,"LTH":0.9,".IXIC":0.8,"US10Y.BOND":0.6,"PSQ":0.6,"QID":0.6,"QLD":0.6,"SQQQ":0.6,"TQQQ":0.6,"US12M.BOND":0.6,"US2Y.BOND":0.6,"US30Y.BOND":0.6,"US3Y.BOND":0.6,"US5Y.BOND":0.6,"US6M.BOND":0.6,"US7Y.BOND":0.6,"US912797HE00.BOND":0.6,"NQmain":0.6,"MNQmain":0.6},"content_text":"Winners And Losers Of Q2: Planet Fitness (NYSE:PLNT) Vs The Rest Of The Leisure Facilities Stocks \n \n\nAs the Q2 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the leisure facilities industry, including Planet Fitness (NYSE:PLNT) and its peers. \nLeisure facilities companies often sell experiences rather than tangible products, and in the last decade-plus, consumers have slowly shifted their spending from \"things\" to \"experiences\". Leisure facilities seek to benefit but must innovate to do so because of the industry's high competition and capital intensity. \nThe 12 leisure facilities stocks we track reported a strong Q2. As a group, revenues were in line with analysts’ consensus estimates while next quarter’s revenue guidance was 13.8% below. \nBig picture, the Federal Reserve has a dual mandate of inflation and employment. The former had been running hot throughout 2021 and 2022 but cooled towards the central bank's 2% target as of late. This prompted the Fed to cut its policy rate by 50bps (half a percent) in September 2024. Given recent employment data that suggests the US economy could be wobbling, the markets will be assessing whether this rate and future cuts (the Fed signaled more to come in 2024 and 2025) are the right moves at the right time or whether they're too little, too late for a macro that has already cooled. \n In light of this news, leisure facilities stocks have held steady with share prices up 3.7% on average since the latest earnings results. \nPlanet Fitness (NYSE:PLNT)\n Founded by two brothers who purchased a struggling gym, Planet Fitness (NYSE:PLNT) is a gym franchise which caters to casual fitness users by providing a friendly and inclusive atmosphere. \nPlanet Fitness reported revenues of $300.9 million, up 5.1% year on year. This print exceeded analysts’ expectations by 3.5%. Overall, it was a strong quarter for the company with an impressive beat of analysts’ operating margin estimates and a decent beat of analysts’ earnings estimates. \n\"Since I stepped into the CEO role in June, I have become even more confident and excited about my decision to join such an iconic brand, supported by a strong foundation and team, a solid base of approximately 100 franchisees, and approximately 19.7 million members,\" said Colleen Keating, Chief Executive Officer.\n\n\n\nInterestingly, the stock is up 9.6% since reporting and currently trades at $78.94. \nIs now the time to buy Planet Fitness? Access our full analysis of the earnings results here, it’s free.\nBest Q2: Life Time (NYSE:LTH)\nWith over 150 locations and gyms that include saunas and steam rooms, Life Time (NYSE:LTH) is an upscale fitness club emphasizing holistic well-being and fitness. \nLife Time reported revenues of $667.8 million, up 18.9% year on year, outperforming analysts’ expectations by 5.2%. The business had a stunning quarter with an impressive beat of analysts’ same-store sales and earnings estimates. \n\n\n\nLife Time achieved the biggest analyst estimates beat among its peers. The market seems happy with the results as the stock is up 24% since reporting. It currently trades at $25.80. \nIs now the time to buy Life Time? Access our full analysis of the earnings results here, it’s free.\nWeakest Q2: Vail Resorts (NYSE:MTN)\nFounded by two Aspen, Colorado ski patrol guides, Vail Resorts (NYSE:MTN) is a mountain resort company offering luxury experiences in over 30 locations across the globe. \nVail Resorts reported revenues of $265.4 million, down 1.6% year on year, in line with analysts’ expectations. It was a softer quarter as it posted a miss of analysts’ skier visits and earnings estimates. \nAs expected, the stock is down 10.9% since the results and currently trades at $167.37. \nRead our full analysis of Vail Resorts’s results here. \nEuropean Wax Center (NASDAQ:EWCZ)\nFounded by two siblings, European Wax Center (NASDAQ:EWCZ) is a beauty and waxing salon chain specializing in professional wax services and skincare products. \nEuropean Wax Center reported revenues of $59.87 million, up 1.3% year on year. This result lagged analysts' expectations by 2.4%. Taking a step back, it was still a very strong quarter as it produced an impressive beat of analysts’ earnings estimates. \nThe stock is up 2.9% since reporting and currently trades at $7.13. \nRead our full, actionable report on European Wax Center here, it’s free. \nDave & Buster's (NASDAQ:PLAY)\nFounded by a former game parlor and bar operator, Dave & Buster’s (NASDAQ:PLAY) operates a chain of arcades providing immersive entertainment experiences. \nDave & Buster's reported revenues of $557.1 million, up 2.8% year on year. This number met analysts’ expectations. It was a strong quarter as it also produced an impressive beat of analysts’ earnings and operating margin estimates. \nThe stock is up 20.9% since reporting and currently trades at $36.10. \nRead our full, actionable report on Dave & Buster's here, it’s free. \n Join Paid Stock Investor Research\nHelp us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2477381771"}