At Least 10% of Planet Fitness's Revenue Is at Risk From Coronavirus

Planet Fitness (NYSE: PLNT) stands to have at least 10% of its revenue put at risk -- and probably a lot more -- now that the governors of New York, New Jersey, and Connecticut have ordered the closing of all gyms in the three states. The move was announced along with a larger array of pandemic-related measures that included restricting restaurants and bars to takeout, and limiting gatherings to 50 or fewer people.

Beginning at 8 p.m. Monday evening and continuing "until further notice," all gyms and fitness clubs in the tri-state area will close as the states attempt to limit the spread of the coronavirus.

Image source: Planet Fitness.

Continue reading

Source Fool.com