Fitness stocks

Established in 1994 with its headquarters in Riyadh, Saudi Arabia, Sport Clubs Company manages and operates a prominent network of fitness centers across the Kingdom. The company oversees a total of 54 gymnasiums, offering diverse fitness training programs and services. Its portfolio is segmented into 41 "Body Masters" branded clubs tailored for men, and 15 "Body Motions" clubs specifically designed for women. Beyond operating its fitness facilities, Sport Clubs Company also engages in the distribution of fitness equipment. The "Body Masters" clubs provide comprehensive amenities for men, including dedicated zones for cardio and strength training, various fitness studios, indoor cycling, functional training areas, football fields, swimming pools, spa services, adaptable personal training regimens, and martial arts spaces. Similarly, "Body Motions" clubs offer female members premium features such as cardio and strength equipment, fully appointed group exercise studios, indoor cycling, functional training zones, swimming pools, spa facilities, and flexible personal training options. Furthermore, the company extends its offerings through "Body Experts," specializing in corporate wellness solutions and event coordination.

Xponential Fitness, Inc. serves as a leading franchisor in the boutique fitness and wellness sector, conducting operations across the United States and internationally through its various subsidiaries. The company offers a wide range of health and fitness services, including Pilates, barre, cycling, stretching, rowing, yoga, boxing, dancing, running, and functional training. These diverse offerings are provided under its portfolio of well-known brands: Club Pilates, Pure Barre, CycleBar, StretchLab, Row House, YogaSix, Rumble, AKT, Stride, and BFT. By the end of 2021, specifically December 31st, Xponential Fitness reported a substantial network comprising 1,556 franchisees who collectively operated an adjusted total of 1,954 studios. Established in 2017, the company's corporate headquarters are situated in Irvine, California.

Peloton Interactive, Inc. operates globally, providing interactive fitness equipment and services. The company's main offerings include internet-connected exercise machines like the Peloton Bike, Bike+, Tread, and Tread+, which feature integrated touchscreens for streaming live and on-demand workout classes. Additionally, Peloton offers subscription packages for households, granting access to a wide array of live and archived fitness content, also available through its Peloton Digital application. As of June 30, 2021, Peloton served approximately 5.9 million members. Its innovative fitness products are sold directly to consumers via its retail showrooms and through its website, onepeloton.com. Founded in 2012, Peloton Interactive, Inc. is headquartered in New York, New York.

Headquartered in Cesena, Italy, Technogym S.p.A. is a global wellness enterprise founded in 1983. The company is dedicated to the design, manufacturing, and worldwide distribution of sophisticated fitness equipment and solutions for physical exercise, wellness, and rehabilitation. Its comprehensive catalog encompasses a wide array of workout machinery, such as treadmills, exercise bikes, elliptical trainers, rowers, stair climbers, and upper body conditioning units. For strength training, it offers selectorized, plate-loaded, and multi-gym equipment, as well as cable stations, benches, racks, and free weights, complemented by functional and stretching apparatus. Beyond large machines, Technogym also supplies a variety of exercise tools, including mats, resistance bands (loop, elastic, power), jump ropes, foam rollers, wellness balls, balance pads, balance domes, slam balls, and medicine balls, along with its specific personal line of products. The company reaches a diverse customer base, including fitness centers, hotels, residential complexes, corporate wellness programs, high-performance sports organizations, and individual home consumers, utilizing direct field and inside sales, retail channels, and wholesale partnerships for distribution.

Applied Nutrition Plc, established in 2014 and based in Liverpool, United Kingdom, specializes in the international manufacture, wholesale, and retail of sports nutritional products. Its comprehensive product portfolio includes a diverse array of protein supplements such as whey, whey isolate, casein, clear, vegan, and beef protein, available in various formats including powders, bars, oats, and ready-to-drink shakes or cans. The company also offers essential performance aids like BCAAs (in powders, tablets, and canned beverages), creatine, other amino acid supplements, and energy solutions such as gels, drinks, and pre-workout formulas. For hydration and vitality, customers can choose from vitamin water, effervescent tablets, electrolyte powders, energy shots, caffeine capsules, and mass gainers. Beyond athletic performance, Applied Nutrition Plc addresses general well-being with products for liver support, a dedicated vitality range, collagen, vitamins, and specialized cooking ingredients. Completing its offerings, the company provides branded merchandise and accessories, including gym clothing, bags, bottles, shakers, funnels, scoops, and digital watches. These extensive product lines are marketed under its distinct brands: Applied Nutrition, ABE All Black Everything, BodyFuel, and Endurance.

Basic-Fit N.V. is a company dedicated to the operation of health and fitness clubs. On March 9, 2022, its extensive network comprised 223 facilities in the Netherlands, 207 in Belgium, 10 in Luxembourg, a considerable 578 throughout France, and 63 in Spain. Founded in 1984, the firm's primary corporate offices are located in Hoofddorp, the Netherlands.

Operating across Norway, Sweden, Denmark, and Finland, Sats ASA specializes in providing fitness and training services. In addition to these offerings, the company supplies a range of products, including sportswear, exercise equipment, snack bars, and energy-boosting drinks. It manages a portfolio of 262 fitness centers, which operate under various brand names such as SATS, ELIXIA, Fresh Fitness, HiYoga, and Mentra. The firm was founded in 1995 and maintains its corporate headquarters in Oslo, Norway.

The Gym Group plc is a UK-based operator managing a chain of health and fitness centers. As of December 31, 2021, the company oversaw 202 gym locations, all operating under its proprietary "The Gym Group" brand. Established in 2007, its corporate headquarters are situated in Croydon, United Kingdom.

Viva Leisure Limited is a company specializing in the management of fitness centers. As of August 18, 2022, it oversaw approximately 152 directly operated health clubs, branded as Club Lime and Hiit Republic, spread across the Australian Capital Territory, New South Wales, Victoria, Queensland, and Western Australia. Complementing these, the firm also supports around 200 franchised Plus Fitness establishments situated throughout Australia, New Zealand, and India. Additionally, Viva Leisure provides debit processing services. The company was founded in 2004 and maintains its corporate headquarters in Mitchell, Australia.

World Gym Corporation primarily operates within the health, fitness, and recreational sports industry, encompassing sauna facilities, across both Taiwan and the United States. Its activities extend to overseeing leisure sports and fitness centers and delivering a comprehensive range of related physical fitness services. Furthermore, the company manages and licenses intellectual property associated with various fitness brands. Established in 1976, its corporate headquarters are located in Taichung, Taiwan. The entity previously operated as World Fitness Services Ltd., officially adopting its current name, World Gym Corporation, in May 2025.

HanMan Fit Ltd. oversees a chain of health and fitness establishments. These facilities provide members with a broad spectrum of wellness options, ranging from conventional gym access to specialized programs like Zumba, rejuvenating spa services, therapeutic massages, dynamic aerobics classes, calming yoga sessions, and professional physical therapy. The company's origins trace back to 1975, when it was co-founded by William Dabish and Norman Dabish, and its corporate headquarters are situated in Mumbai, India.

Glanbia has a major sports-nutrition portfolio centered on Optimum Nutrition and a large Performance Nutrition segment, creating substantial competitive overlap.

Glanbia plc is a global nutrition company. It manufactures and sells a wide array of sports and lifestyle nutrition products, available in formats such as powdered supplements, ready-to-eat bars and snacks, and pre-mixed beverages. These items are distributed through various channels, including specialty retailers, online stores, gyms, and major food, drug, mass-market, and club retailers. Additionally, Glanbia produces and markets cheese, a range of dairy and non-dairy nutritional and functional ingredients, and vitamin and mineral premixes. The company's operations also extend to financing, research and development, real estate dealings, receivables management, general corporate management, property leasing, business support services, and weight management solutions. Glanbia's brand portfolio includes OPTIMUM NUTRITION, SlimFast, BSN, ISOPURE, NUTRAMINO, think!, Amazing Grass, and BODY&FIT. Founded in 1964, Glanbia plc is headquartered in Kilkenny, Ireland.

BellRing Brands Inc., along with its various subsidiaries, is a provider of diverse nutritional products, serving both the United States and international markets. The company's main offerings are protein-fortified ready-to-drink shakes and powdered protein supplements, which are primarily marketed under its well-known Premier Protein and Dymatize labels. These items are made accessible to consumers through a wide range of distribution points, including warehouse clubs, grocery stores, pharmacies, large retail chains, online stores, specialized health shops, and convenience outlets. BellRing Brands Inc. commenced operations in 2019 and has its corporate headquarters located in Saint Louis, Missouri.

THG's update specifically identifies THG Nutrition as the source of stronger profitability momentum, making it a direct branded sports-nutrition participant.

THG is the direct and strongest beneficiary. It raised FY26 adjusted EBITDA guidance to £103 million, citing stronger profitability momentum in THG Nutrition, while lower WPC80 prices should reduce Nutrition input costs. The expected first positive free-cash-flow year also improves cash-generation visibility.

Interactive Strength Inc., together with its subsidiaries, develops and sells specialty fitness equipment and virtual training for the commercial and at-home markets in the United States, Europe, and Asia. The company offers vertical climbing equipment and a digital training platform under the CLMBR brand; indoor bikes that set the global standard in cycling under the Wattbike brand name; and hardware and digital fitness services under the FORME brand. It also provides Forme Studio, a fitness mirror; and Forme Studio Lift, a fitness mirror and cable-based digital resistance. Interactive Strength Inc. was incorporated in 2017 and is headquartered in Austin, Texas.

Johnson Health Tech. Co., Ltd. is a prominent global supplier specializing in the production and distribution of health and fitness equipment. Their diverse product lineup includes a wide array of cardiovascular and strength training machines, alongside integrated electronic components and a dedicated video streaming service. Operating worldwide, the company serves key markets across the Americas, Europe, and Asia, with a notable presence in China. Beyond their core fitness offerings, Johnson Health Tech also researches, develops, and markets therapeutic massage chairs, and provides a selection of food products. The enterprise was founded in 1975 and is headquartered in Taichung City, Taiwan.

Keep Inc. operates an integrated online fitness platform in China, providing users with a comprehensive solution to achieve their fitness goals. The company offers extensive and professional fitness content, including recorded courses and interactive live-streaming classes, supplemented by AI-assisted personalized curriculums. In addition to its digital services, Keep Inc. develops and sells a range of self-branded products such as smart fitness devices like bikes and treadmills, fitness gear, apparel, and food products. The company generates revenue through online memberships, paid content, and the sale of its physical fitness products.

Impulse (Qingdao) Health Tech Co., Ltd. engages in the development, manufacture, sale, and brand operation of full range and multi-series fitness equipment. Its products include treadmills, elliptical machines, supine plates, dynamic cycles, fitness cycles, retraining devices, gantry machines, Smith machines and free training devices. The company was founded by Yu Ming Zhu on June 23, 2004 and is headquartered in Qingdao, China.

Dyaco International Inc., headquartered in Taipei City, Taiwan since its establishment in 1990, operates globally in the design, manufacturing, and distribution of fitness, physical therapy, and sports equipment. The company's diverse product range features cardiovascular machines for residential, commercial, and medical applications, in addition to dedicated indoor cycling solutions. It supplies its exercise apparatus to a wide clientele, including individual consumers, commercial gym operators, and rehabilitation centers, under prominent brands such as Spirit Fitness, Xterra, SOLE Fitness, Johnny G, Dyaco Medical, and UFC.

Shuhua Sports Co., Ltd. specializes in the development, manufacturing, and distribution of both fitness equipment and commercial display racks. The company delivers comprehensive fitness solutions, offering a diverse range of products from professional, commercial, and home-use exercise machinery to outdoor fitness apparatus, physiotherapy tools, and various fitness accessories. Additionally, they provide shelving units for commercial display purposes. Established by Zhang Wei Jian on October 10, 1996, the firm maintains its main office in Quanzhou, China.

Lululemon Athletica Inc., alongside its subsidiaries, specializes in the design, global distribution, and retail of athletic apparel and accessories for both women and men. Its business operations are structured into two main divisions: company-owned retail establishments and direct-to-consumer sales. The firm's offerings encompass a range of clothing such as pants, shorts, tops, and jackets, all crafted for promoting a healthy lifestyle and facilitating athletic endeavors. These activities span yoga, running, training, and other physically demanding pursuits. Beyond apparel, Lululemon also supplies fitness-related accessories and a selection of footwear. Customers can acquire Lululemon products through numerous channels. These include a global network of corporate-managed stores, outlet locations, and seasonal warehouse sales. The company also sells through an interactive digital workout platform and via wholesale partnerships with entities like yoga studios, health clubs, and fitness centers. Further sales occur through temporary pop-up shops, as well as various licensing and supply agreements. A significant portion of sales is conducted directly with consumers through dedicated mobile applications and its primary e-commerce website, lululemon.com. By January 30, 2022, Lululemon boasted 574 stores operating under its brand name across numerous international markets. These markets span the United States, Canada, the People's Republic of China, Australia, the United Kingdom, Japan, New Zealand, Germany, South Korea, Singapore, France, Malaysia, Sweden, Ireland, the Netherlands, Norway, and Switzerland. Founded in 1998, Lululemon Athletica Inc. maintains its corporate base in Vancouver, Canada.

Under Armour, Inc. (UAA) specializes in the design, promotion, and distribution of athletic clothing, footwear, and accessories for men, women, and young people. Its apparel collection includes various fits such as compression, fitted, and loose styles. Additionally, the firm produces specialized footwear designed for running, training, basketball, cleated sports, post-exercise recovery, and outdoor activities. The product range extends to accessories like gloves, bags, headwear, and sports masks. Furthermore, Under Armour manages digital platforms, MapMyRun and MapMyRide, offering subscription and advertising services. Products are prominently featured under its core brands, including UNDER ARMOUR, UA, HEATGEAR, COLDGEAR, HOVR, PROTECT THIS HOUSE, I WILL, UA Logo, ARMOUR FLEECE, and ARMOUR BRA. Under Armour distributes its merchandise via extensive wholesale channels, encompassing major national and regional sporting goods chains, independent and specialized retailers, department stores, single-brand Under Armour retail outlets, institutional sports organizations, and athletic leagues and teams, along with independent distributors. Concurrently, it engages in direct-to-consumer sales through its network of 422 company-owned brand and factory house stores, as well as its e-commerce platforms. Its global operations span across the United States, Canada, Europe, the Middle East, Africa, the Asia-Pacific region, and Latin America. Founded in 1996, Under Armour, Inc. has its corporate headquarters situated in Baltimore, Maryland.

ASICS is the focal athletic-footwear company and its upgraded outlook is specifically driven by Performance Running, SportStyle, and Onitsuka Tiger.

NIKE, Inc., through its various subsidiaries, operates as a global enterprise focused on the design, development, marketing, and sale of athletic footwear, apparel, equipment, and accessories for all ages and genders. Beyond its primary offerings, the company provides a range of athletic and casual footwear, clothing, and accessories under the notable Jumpman trademark. It also distributes a variety of casual sneakers, apparel, and accessories, featuring well-known brands like Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell. Under the NIKE brand itself, the company supplies a comprehensive line of performance sports gear and accessories, such as bags, socks, sports balls, eyewear, timepieces, digital devices, bats, gloves, and protective equipment. Additionally, NIKE sells various plastic products to other manufacturers. The company also markets sportswear adorned with licensed logos from college and professional sports teams and leagues. Furthermore, it engages in licensing arrangements, allowing unaffiliated parties to manufacture and sell apparel, digital devices, applications, and other sports equipment under NIKE-owned trademarks. Its extensive product catalog reaches consumers globally through diverse channels, including specialized footwear, sporting goods, athletic specialty, department, skate, tennis, and golf stores. Distribution occurs via NIKE's proprietary retail outlets, digital e-commerce platforms, independent distributors, authorized licensees, and sales representatives. Founded in 1964, the company was originally named Blue Ribbon Sports, Inc., before officially becoming NIKE, Inc. in 1971, and maintains its corporate headquarters in Beaverton, Oregon.

PUMA is a global athletic brand with meaningful sportswear and omnichannel exposure, though less directly concentrated in technical outdoor apparel.

On is a footwear-focused performance-running brand, making it exposed to the category but positioned in a stronger subsegment.

Amer Sports directly owns the technical-apparel, outdoor-performance, and ball-and-racquet categories driving the upgraded outlook.

Deckers owns HOKA, a performance-running brand that is expanding into trail, lifestyle, and premium performance products.

Gap’s Athleta brand directly participates in women’s performance apparel and is exposed to North American activewear demand.

Directly sells branded protein powders and shakes to consumers.

Herbalife Nutrition Ltd. is a global enterprise dedicated to providing comprehensive nutritional solutions. Its market presence extends across various international regions, including North America, Mexico, Central and South America, Europe, the Middle East, Africa, China, and the broader Asia Pacific area. The company’s extensive product catalog caters to several core wellness categories, encompassing weight management, specialized nutritional supplementation, energy and athletic performance, and external personal care. Specifically, its weight management offerings feature items like meal replacements, protein shakes, powdered drink mixes, weight loss aids, and healthy snacks. For targeted nutrition, Herbalife provides functional beverages alongside dietary and nutritional supplements rich in herbs, vitamins, minerals, and other naturally derived ingredients. The outer nutrition range includes products for facial, body, and hair care, while its energy, sports, and fitness segment includes popular items such as N-R-G tea and various energy drinks. In addition to its product lines, Herbalife furnishes supporting materials, which comprise start-up kits, sales tools, informational literature, and educational resources. The company employs a multi-channel distribution strategy, primarily leveraging independent service providers and sales representatives, alongside its own company-operated retail platforms. Founded in Los Angeles, California, in 1980, the organization was known as Herbalife Ltd. until April 2018, when it officially rebranded to Herbalife Nutrition Ltd.

USANA is identified as a major pure-play dietary-supplement competitor.

Nautilus has meaningful home-fitness and stair-climber exposure through Bowflex, creating direct product-category overlap with STEPR.

Brunswick has substantial commercial fitness-equipment overlap through Life Fitness and Precor, including stair-stepper and connected-equipment categories.

Brunswick participates through Life Fitness and Precor, established commercial fitness-equipment brands.

The Beachbody Co., Inc. operates as a health and wellness company. It offers holistic health and wellness platforms. The company's product offerings include digital subscriptions, nutritional products, and connected fitness products. Digital subscriptions include Beachbody On Demand (BOD) and Openfit. The subscriptions are renewed on a monthly, quarterly, or annual basis and include unlimited access to a library of live and on-demand fitness and nutrition content. Nutritional products include Shakeology, Beachbody Performance supplements, BEACHBARs, and others. Connected fitness products include The Beachbody Bike (also known as Myx), which is equipped with a swivel touch screen that enables users to engage with content beyond the indoor cycling experience and encourages broader cross-training, incorporating resistance training and yoga for a more holistic fitness experience and healthier results. The company was founded by Carl Daikeler and Jon Congdon in 1998 and is headquartered in El Segundo, CA.

Planet Fitness competes for fitness consumers and franchisee resources, so a successful Xponential reset could modestly displace its demand or expansion opportunities.

Planet Fitness, Inc., encompassing its various holdings, develops and oversees fitness facilities operating under the Planet Fitness brand. The company's business model is organized into three distinct divisions: Franchising, Corporate-Owned Locations, and Equipment Sales. Its Franchising division manages the licensing of Planet Fitness centers throughout the United States, Puerto Rico, Canada, Panama, Mexico, and Australia. The Corporate-Owned Locations segment is responsible for the direct operation of company-owned fitness clubs within the United States and Canada. Furthermore, the Equipment Sales division supplies fitness machinery to its franchised establishments located in the U.S. and Canada. As of December 31, 2021, the firm maintained a total of 2,254 centers spanning 50 U.S. states, the District of Columbia, Puerto Rico, Canada, Panama, Mexico, and Australia. Planet Fitness, Inc. was founded in 1992 and maintains its principal headquarters in Hampton, New Hampshire.

Nu Skin is a public participant in dietary supplements and health products, indicating substantial but not necessarily pure-play overlap.

DICK’S has meaningful athletic apparel and footwear exposure but is diversified across brands and categories, reducing its sensitivity relative to a pure-play.

DICK'S Sporting Goods, Inc., together with its subsidiaries, operates as an omni-channel sporting goods retailer primarily in the United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and fishing gear products; and apparel. The company also offers footwear and accessories, such as athletic shoes for running, walking, tennis, fitness and cross training, basketball, and hiking; and specialty footwear comprising casual footwear and a complete line of cleats for team sports. In addition, it owns and operates Sporting Goods, Golf Galaxy, Public Lands, Moosejaw, and Going Going Gone! specialty concept stores; and DICK’S House of Sport and Golf Galaxy Performance Center, as well as GameChanger, a youth sports mobile app for live streaming, scheduling, communications, and scorekeeping. Further, the company owns and operates Foot Locker, which includes Foot Locker, Kids Foot Locker, Champs Sports, WSS and atmos banners. It offers its products online, as well as through its mobile apps. The company was formerly known as Dick'S Clothing and Sporting Goods, Inc. and changed its name to DICK'S Sporting Goods, Inc. in April 1999. DICK'S Sporting Goods, Inc. was incorporated in 1948 and is headquartered in Coraopolis, Pennsylvania.

JD Sports is a global multi-brand sports retailer with substantial exposure to athletic footwear and apparel demand and vendor allocation.