Planet Fitness: Visible Catalysts, But I Am Still Waiting For Growth To Accelerate

The Good Brigade Summary Following my coverage of Planet Fitness (NYSE:PLNT) in Mar'23, which I recommended a hold rating as I saw no fundamental improvements and that there were no catalysts that would have driven a strong recovery in the near term, this post is to provide an update on my thoughts on the business and stock. I believe PLNT has shown improvement over the past few months, and there are visible catalysts that could drive growth acceleration in the coming quarters (most likely in FY25). I also ...