Planet Fitness Under Fire For Overlooking Women's Safety In Ad Campaign Mocking Locker Room Concerns
Portfolio Pulse from Benzinga Neuro
Planet Fitness (NYSE:PLNT) faces backlash over a commercial accused of mocking women's safety concerns, particularly regarding locker room use. The ad, criticized for making light of serious safety issues, has sparked outrage on social media. This controversy adds to previous incidents questioning the gym's inclusive policies, which allow members to use locker rooms matching their gender identity. A notable incident in Alaska, where a man was found in the women's locker room, led to further scrutiny and a membership cancellation. Amid these controversies, Planet Fitness' stock has seen a decline, dropping 19.33% over the last year despite a recent 3.43% increase.
March 22, 2024 | 3:38 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Planet Fitness faces backlash for an ad campaign accused of neglecting women's safety, amidst ongoing debates over its inclusive locker room policies. This controversy, coupled with a specific incident in Alaska, has contributed to a decline in the company's stock value over the past year.
The negative publicity from the controversial ad and the backlash over locker room policies have likely contributed to a decline in consumer trust and investor confidence, leading to a decrease in stock value. The specific incident in Alaska and the overall debate on the gym's inclusive policies have exacerbated concerns, making the impact on the stock more pronounced.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100