May 24, 2022 / 01:20PM GMT
Maksim Rakhlenko - Cowen and Company, LLC, Research Division - VP
Great. Thanks a lot, everyone, for joining us this morning. I'm Max Rakhlenko, Cowen's retail and fitness analyst. And I'd like to welcome Chris Rondeau, Planet Fitness' CEO; and Tom Fitzgerald, CFO. Planet Fitness is one of the largest and fastest-growing franchisers and operators of gyms in the U.S. with over -- with about 2,300 locations across the U.S. and select international markets. We have an outperform rating and $110 price target. And the company recently reported strong 1Q earnings, which included member account reaching 16.2 million and comps of plus 15.9%. So Chris and Tom, thanks so much for joining us.
Questions and Answers:
Maksim Rakhlenko - Cowen and Company, LLC, Research Division - VPSo just to kick things off, Chris, can you provide an update to where your key member and workout KPIs are today? And are your expectations for the pace of the recovery to continue to improve over the coming quarters? Or how do you think things will play out this year? And then just any
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