The outlooks of Life Time and Planet Fitness show the divergence in spending between higher- and lower-income consumers.
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Two of the largest U.S. gym operators delivered the same headline in their latest earnings reports: strong growth.
But beneath the surface, Life Time Group Holdings
and Planet Fitness
told very different stories about the American consumer. They highlighted a widening divide between higher-income households that continue to spend freely and more price-sensitive consumers who are beginning to show signs of strain.
Affluent consumers are key to retail centers as the K-shaped economy hits lower-end shoppers hard, and that's leading the private…
Shares of Planet Fitness plunged Thursday after the fitness company slashed its guidance and canceled planned price hikes.
Economist Heather Long says the U.S. economy is diverging into three tiers of consumer behavior instead of two, amid an ongoing…
The K-shaped economy is as apparent than ever and isn't going away anytime soon, economists say.
There are signs that middle-income households have slowed spending. This makes the K-shaped economy look more like the “jaws of a…
Quarterly earnings reports from consumer companies are increasingly showing how consumers are diverging in their spending.
