Dive into the latest shakeup in the fitness industry with us! Chris Rondeau, the stalwart CEO of Planet Fitness, has just concluded a remarkable 30-year run at the helm. The aftermath? A seismic 16% drop in company stocks in just one day, and a staggering 24% dip from its recent peak this month. We've also been tracking the rollercoaster rides of F45 Fitness (down 95%) and Xponential Fitness - two other publicly traded fitness giants. For those not familiar, Planet Fitness is an American fitness center franchise based in Hampton, New Hampshire, boasting a whopping 2,308 locations across the US. It's a behemoth in the fitness club realm, with 2,076 of these being franchise-operated and the remainder under corporate management.
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