By Exec Edge Editorial Staff
Revenue soared at Planet Fitness, Inc. (NYSE: PLNT) during the second quarter as gym-goers returned to pre-pandemic workout routines, helping drive a surge in same-store sales.
Total revenue increased from the prior year period by 63.5% to $224.4 million, with system-wide same store sales up 13.6%.
“Our high-quality, affordable fitness experience resonates now more than ever as Americans are seeking value and feeling the rising costs of everyday items such as food and gas,” said Chris Rondeau, Chief Executive Officer. “We believe that people will continue to prioritize their health and wellness while being more cost-conscious, and we offer a welcoming environment for people of all fitness levels. During the second quarter, our join trend returned to pre-pandemic seasonality with the addition of approximately 300,000 net new members, ending the quarter with more than 16.5 million.”
The company also announced it has promoted 22-year veteran Jamie Medeiros to a newly-created role of Chief Brand Officer.
The company reiterated its full year guidance, assuming “there is no significant worsening of the COVID-19 pandemic that seriously impacts performance, including prolonged store closures or other mandated operational restrictions.”
Cathie Wood is finding it hard to catch 2020 in a bottle again. The growth investor who became a market icon as the co-founder and CEO of the popular Ark Invest exchange-traded funds (ETFs) has been losing more than winning these days.
We pick three technology stocks that are better buys than NVIDIA (NVDA), given its gloomy near-term prospects amid declining demand for gaming chips, supply-chain issues and restrictions on selling top AI chips to China.
A steady dividend payout with periodic increase is part of Verizon's (VZ) long-term strategy to provide attractive risk-adjusted returns to its stockholders.
“I still think it’s going to get worse,” Mobius said. “No, we have not hit bottom yet,” Burry wrote.
Great Panther Mining Limited (TSX: GPR) (NYSE-A: GPL) ("Great Panther" or the "Company"), reports a corporate update following the announcement on September 6, 2022, regarding the filing of a notice of intention to seek creditor protection (the "NOI").
Unfortunately for some shareholders, the Star Bulk Carriers Corp. ( NASDAQ:SBLK ) share price has dived 25% in the last…
With Apple set to release a new generation of sleek products – including the iPhone 14, new smartwatches and updated AirPods – investors are excited about the pop the AAPL stock might see amid the fanfare. A perennial tech juggernaut … Continue reading → The post If You Invested $1,000 in Apple 5 Years Ago, What Would It Be Worth Now? appeared first on SmartAsset Blog.
Nio (NYSE: NIO) delivered its second-quarter results Wednesday morning, and though its losses increased, investors appeared to focus more on the report's positives: The stock spiked by as much as 7.4% in morning trading after an initial drop. As of 11:53 a.m. ET, Nio shares remained 3.3% above Tuesday's closing price. For Q2, Nio reported sales of more than $1.5 billion, an increase of 21.8% over the prior-year period.
Yahoo Finance anchors discuss an analyst rating on Tesla stock.
Sounding a note of musical irony, Van Morrison sang, “My Mama told me there’d be days like this.” And in an distinctly unironic note, top analysts may start saying the same thing. With rising inflation, rising interest rates, and a falling stock market, we’re in for more volatile days like this. Looking at the big picture from JPMorgan, Dubravko Lakos-Bujas, the firm’s global head of equity macro research, notes the energy crisis – the natural gas shortages in Europe, the high price of oil world
In this article, we discuss Jeremy Grantham’s warning and his 10 favorite stocks. If you want to see more stocks in this selection, click Jeremy Grantham’s 5 Favorite Stocks. Jeremy Grantham is a famed British investor who co-founded GMO Asset Management and serves as its chief investment strategist. Grantham is known for predicting market bubbles, […]
Clean energy stocks are rising today, and some speculative names like QuantumScape (NYSE: QS) are leading the way. Shares of the solid-state battery company were trading near the day's highs up 7.5% as of 3:30 p.m. ET. The 15th annual Global Transportation & Sustainable Mobility Conference hosted by investment banking company Cowen will run from today through Friday.
The chip sector has been getting destroyed … and for good reason. The U.S., putting the clamps down on who can sell what equipment to what country, is seriously hurting companies' revenue. Inventories of chips have gone from nowhere to be found to a glut.
In this article, we discuss the 10 best cheap stocks to buy right now. If you want to skip our detailed analysis of these stocks, go directly to the 5 Best Cheap Stocks to Buy Right Now. With rising interest rates and fears of recession, the stock market has been volatile in 2022. Additionally, the […]
Advanced Micro Devices (AMD) closed at $78.72 in the latest trading session, marking a -1.89% move from the prior day.
Alphabet, parent of search and cloud giant Google, aims to adapt quickly to the current macroeconomic upheaval.
Right now, there are at least two ultra-high-yield dividend stocks that could double your principal by the end of 2028. AGNC Investment (NASDAQ: AGNC) and Annaly Capital Management (NYSE: NLY) currently offer investors dividend yields of 12.2% and 13.8%, respectively. Are these stocks worth the risk?
In this article, we discuss the 8 stocks that Japanese billionaire Masayoshi Son is dumping. If you want to skip our discussion on the recent losses incurred by Mr. Son, go to Japanese Billionaire Masayoshi Son is Dumping These 4 Stocks. Masayoshi Son’s SoftBank Group Corp. (OTC:SFTBY) reported its highest-ever quarterly loss of over $23 […]
Berkshire Hathaway's quarterly 13F filing won't give you the full picture regarding Buffett's $5.9 billion hidden portfolio.
Since Federal Reserve Chairman Jerome Powell spoke at the Jackson Hole symposium last month, markets have been slipping – and largely in response to his comments. The central bank head made it clear in his comments that he’ll continue pushing interest rates up in an effort to combat inflation, which is currently running at 8.5% annually. It appears that investors are in the process of pricing in that stance, and expectations are that the Fed will institute another 0.75% rate hike later this mont