Membership at Planet Health gyms has almost returned to its pre-pandemic peak, CEO Chris Rondeau instructed CNBC on Thursday, illustrating individuals’s eagerness to train outdoors of their house.

In an interview on “Mad Cash,” Rondeau mentioned the health club chain now has 15 million members, describing that determine as “unbelievable” after areas have been shuttered for months early through the Covid disaster after which even once they reopened, many individuals have been hesitant to return straight away.

“Our peak was 15.5 [million members]. We’re 97% all the way in which recaptured again to the place we have been pre-Covid,” Rondeau mentioned.

Rondeau’s feedback got here after Planet Health shares surged 11.7% Thursday to shut at $92.25, hitting a report excessive through the session. Traders cheered the corporate’s sturdy third-quarter monetary outcomes, which contained Planet Health’ first earnings beat for the reason that fourth quarter of 2019.

Complete income of $154.3 million was up 46.4% in contrast with the identical interval final 12 months, when the pandemic weighed closely. Planet Health additionally raised full-year steering on numerous metrics, together with income and new retailer openings.

“We noticed the very best third quarter internet member development in firm historical past,” Rondeau mentioned. “Individuals are selecting bricks and mortar. They’re coming again quicker than we have ever seen. They’re rejoining our golf equipment quicker than we have ever seen. The Gen Z’s are becoming a member of quicker than we have ever seen. All of the winds are blowing the fitting course, and the sails are broad open.”

After Thursday’s closing bell, Peloton posted a wider-than-expected loss in its fiscal first quarter, together with income that fell in need of Wall Road’s estimates. Shares of the health bike maker, which benefited mightily through the pandemic, fell greater than 25% in after-hours buying and selling.

Peloton’s outcomes come in opposition to the backdrop of individuals returning to gyms like Planet Health.

“I by no means waivered. Me and my staff, the franchisees, we knew as soon as we acquired on the opposite aspect of this, individuals are going to gravitate again [to gyms],” he mentioned. He added, “We’re positively stronger now on the opposite aspect of this, and our moat is even that a lot wider.”

Watch Jim Cramer's full interview with Planet Fitness CEO Chris Rondeau



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