12 Best Leisure Stocks to Buy Right Now

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5. Planet Fitness, Inc. (NYSE:PLNT)

Number of Hedge Fund Holders: 41

Planet Fitness, Inc. (NYSE:PLNT) franchises and operates fitness centers in the United States. It operates through three segments: Franchise, Corporate-owned stores, and Equipment. The company operates approximately 2,617 stores in 50 states and other countries. It is making significant progress across its operations, growing its system-wide same-club sales by 5.5% in fiscal Q4 2024 and delivering a 19.4% revenue growth.

Planet Fitness, Inc. (NYSE:PLNT) also increased its adjusted EBITDA by 14.4% and added 86 new Planet Fitness clubs system-wide during the quarter, bringing its global club count to more than 2,700 clubs. The company also grew its membership by 1 million members in 2024 to approximately 19.7 million members.

Planet Fitness, Inc. (NYSE:PLNT) recently rolled out an enhanced economic model for operating and owning a Planet Fitness club. This model includes reductions in build costs, extensions of capital investment timelines, and the elimination of certain fees. The model is expected to help the company streamline its operations. It ranks fifth on our list of the 12 best leisure stocks to buy right now.

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