A well-known brand in the fitness sector, Planet Fitness is renowned for its reasonably priced gym memberships and “Judgement Free Zone” ethos. Whether or if Planet Fitness is publicly traded is one subject that frequently comes up. Planet Fitness, Inc. (PLNT) is a publicly traded firm on the New York Stock Exchange, so the answer is yes.
Planet Fitness’ market value was over $7 billion as of August 2021. Since the company’s initial public offering (IPO) in 2015, the stock has experienced enormous growth, with shares appreciating by more than 500% in just six years. The company’s achievement in growing its franchise sites and drawing in a diverse customer can be credited with this expansion.
But even though Planet Fitness is a well-liked and reasonably priced alternative for gym members, some might wonder whether paying extra for exercise courses is worthwhile. The response to this query may change based on personal preferences and fitness objectives. For some people, the structure and incentive that a classroom environment offers may be worth the additional expense. Others could want to exercise independently and save money.
This raises a more significant query regarding the cost of gym subscriptions in general. Although some people might claim that gym memberships are pricey, it’s crucial to take into account the facilities and services that the particular club offers. For instance, a gym with cutting-edge equipment and several locations could be more expensive than a facility with fewer, simpler amenities.
The gym Barbell Brigade, which caters to strength athletes and powerlifters, is on the other extreme of the spectrum. Strength training is the main focus of Barbell Brigade, which sets it apart from Planet Fitness. Numerous services are provided by the gym, such as powerlifting coaching, dietary guidance, and a retail space. Since its establishment in 2012, Barbell Brigade has grown a devoted fanbase despite not being publicly traded. In relation to that, how did Barbell Brigade begin? Bart Kwan and Gio Antico, who both had a strong interest in strength training and recognized the need for a gym that catered particularly to that clientele, launched the facility. The pair got their start by creating YouTube exercise videos that immediately gathered a following. They were able to get money for their own gym from that point on, and they have now grown to include two sites in California.
In conclusion, it is true that Planet Fitness is a publicly traded corporation, but whether or not its cost-effective memberships and “Judgement Free Zone” tenet are the appropriate fit for you is up to you. The price of a gym membership can vary significantly based on the amenities and services provided, and whether or not it is worthwhile to pay extra for exercise programs. In the meantime, Barbell Brigade, which was established in 2011, provides a distinctive experience for strength athletes.