This post was originally published on this site
As the pandemic fades and the global economy recovers, the fitness industry could present a great investment opportunity. According to Verified Market Research, the global health and fitness club market is expected to reach $136.59 Billion, growing at a CAGR of 7.61% between 2021 and 2028. This growth is projected to be fueled by the higher inclination toward health clubs for fitness.
Keeping that in mind, today, I’m going to analyze and compare two gym stocks, Planet Fitness (PLNT) and Life Time Group Holdings (LTH). Founded in 1992, Planet Fitness, together with its subsidiaries, owns and franchises a chain of low-cost gyms in the U.S. and worldwide. YTD, Planet Fitness stock has gained about 4.8%. Headquartered in Chanhassen, Minnesota, Life Time owns over 150 high-end fitness centers in a resort-like environment in the U.S. and Canada. Life Time has recently become public, presently trading around 8.7% above its IPO price.
