How the 'K-shaped' economy is showing up at two big U.S. gyms
How the 'K-shaped' economy is showing up at two big U.S. gyms
www.cnbc.com
How the 'K-shaped' economy is showing up at two big U.S. gyms
The outlooks of Life Time and Planet Fitness show the divergence in spending between higher- and lower-income consumers.
KEY POINTS
Life Time and Planet Fitness both reported strong growth, but their results highlighted a widening divide in consumer spending habits.
Life Time’s revenue jumped 12% as higher-income members paid higher dues and spent more on premium services like training, spa treatments and food.
Planet Fitness saw strong growth, but its weaker 2026 outlook raised concerns about slowing demand among lower- and middle-income members.