Planet Fitness stock drops after cutting outlook on weak membership growth

Planet Fitness shares plunged after the fitness chain slashed its full-year forecast, citing weak membership sign-ups during its peak season, adverse weather conditions, and broader macroeconomic pressures. The company's revised outlook reflects slowing growth in new memberships, which has raised concerns among investors about the brand's ability to sustain its post-pandemic recovery. The stock decline underscores ongoing challenges in the fitness industry as consumer spending tightens.