Planet Fitness beat top- and bottom-line second-quarter expectations.
In a call with investors, executives of the low-cost gym chain pointed to its appeal to casual exercisers and ability to snap up vacant swaths of retail real estate.
"There are not a lot of retailers out there taking down 20,000-square-foot boxes [of real estate] a year," the company's chief financial officer, Dorvin Lively, said. "One of the benefits we get is we're one of the first ones to get called now, when something becomes available.". . . more