Here's Why Planet Fitness Stock Fell Today

·2 min read

Shares of exercise gym chain Planet Fitness (NYSE: PLNT) were down on Tuesday after its financial results for the second quarter of 2022 failed to live up to Wall Street's expectations. As of 3:30 p.m. ET, Planet Fitness stock was down 6%, having been down 10% earlier in the session. Planet Fitness generates revenue in three ways: franchise fees, revenue from company-owned locations, and equipment sales to franchises.