Within consumer discretionary, product cycles are short and revenue can be hit-driven due to rapidly changing trends. That's why we also follow short-term performance. Planet Fitness's annualized revenue growth of 35.1% over the last two years is above its five-year trend, suggesting some bright spots. We can dig even further into the company's revenue dynamics by analyzing its same-store sales, which show how much revenue its established locations generate. Over the last two years, Planet Fitness's same-store sales averaged 10.2% year-on-year growth. Because this number is lower than its revenue growth, we can see the company's sales are benefitting from the opening of new locations. This quarter, Planet Fitness reported reasonable year-on-year revenue growth of 1.4%, and its $285.1 million of revenue topped Wall Street's estimates by 1%. Looking ahead, Wall Street expects sales to grow 7.4% over the next 12 months, an acceleration from this quarter.