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- 1 Fitness stocks offer promising prospects to investors.
- 2 With a range of diversified products, they keep their businesses profitable.
- 3 These stocks become a wise pick for every market participant.
Fitness is a billion-dollar business with a global valuation of $81.5 Billion in 2023. Fitness companies offer a wide array of products and solutions. From gym membership to equipment and supplements, they deliver everything. Since fitness is one of the top lifestyle priorities today, its market is flourishing. Especially after the pandemic, the industry saw a huge spike in numbers.
That makes the stocks of fitness companies very valuable. They also seem to be a great pick for investors looking for long-term growth. At the same time, they dole out profits at regular intervals as well. So, all things considered, fitness stocks are definitely a boost for the portfolio.
Fitness Stocks Likely To Benefits The Holders
Following are the stocks of companies that are doing great in the fitness sector.
Planet Fitness (NYSE: PLNT)
Planet Fitness runs very low-cost gyms at more than 2,000 locations across the US. Its monthly fee starts at $10 and it has become a favorite of many people. The company has plans to add 2K more outlets to its existing chain. By making fitness more affordable, it has become a great choice for fitness enthusiasts and market participants.
Peloton (NASDAQ: PTON)
Peloton delivers home workout equipment and runs a network of connected stationed equipment. The USP of the company is its subscriptions to bikes and treadmills. The platform has a user base of 3 Million subscribers who pay a monthly fee. As per the reports, the platform has a gross margin that exceeds 60%. The company remained profitable even during the pandemic.
Nautilus (NYSE: NLS)
Nautilus owns two major equipment brands Bowflex and Schwinn while offering its own range. During the pandemic, its sales surged, and it reported exceptional profits. It also launched its connected fitness called JRNY which expects to gather 250,000 subscribers. The company operates with strong margins and yields profits at regular intervals. It does great in the small-cap markets always.
Lululemon Athletica (NASDAQ: LULU)
Lululemon offers yoga pants and accessories that were sold quite impressively even during the pandemic. The company expanded its gross margin and generated great sales from e-commerce platforms. Additionally, its brick-and-mortar stores are doing pretty well now. In 2020, it acquired Mirror and is uniquely positioned to leverage its retail stores today.
Garmin (NASDAQ: GRMN)
Garmin offers a range of fitness devices like heart rate monitors, cycling power meters, fitness trackers, and smartwatches. As the demand for personalized fitness is growing, the scope for its manufacturers is also increasing. Furthermore, it is spending heavily on research and development. The investors are quite positive about this particular stock.
Conclusion
Fitness stocks emerged as a big hero for investors with so many benefits. They eke out profits in short as well as long term. Additionally, the companies look quite ambitious in growth and expansion. All these factors become a big reason for staking up fitness apps. They become a great option for retail and institutional investors alike. Therefore, a planned investment in fitness stocks is recommended for everyone.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
