In a world where health and wellness are becoming increasingly important, investing in fitness stocks may be a smart move. The fitness industry is known for its stable cash flows, making it a potentially lucrative sector for investors. Here are three top fitness stocks to consider:
1. Planet Fitness (PLNT): With nearly 20 million members and over 2,500 locations worldwide, Planet Fitness is a major player in the fitness industry. Despite the challenges of the COVID-19 pandemic, the company rebounded quickly and saw record-high revenues and net income last year. With a focus on low-cost memberships and a strong franchise model, Planet Fitness is a top pick for exposure to the fitness industry.
2. Lululemon Athletica (LULU): Known for its stylish and functional yoga apparel, Lululemon has built a strong brand in the fitness apparel space. The company has expanded its product line to include a wide range of fitness and lifestyle categories, leading to robust growth and record revenues. While the stock has faced challenges this year, Lululemon remains a top fitness stock with strong prospects ahead.
3. On Holding (ONON): Revolutionizing the athletic footwear market with its innovative CloudTec technology, On Holding has gained traction among professional athletes and casual runners. The company’s net sales have continued to rise, even in a challenging spending environment. With a loyal following among affluent consumers and industry-leading profit margins, On Holding is a top fitness stock to watch.
Investing in fitness stocks can offer promising returns, especially in a society where health and wellness are increasingly prioritized. Consider these top fitness stocks for potential growth and stability in your investment portfolio.