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do you know if they are/were allowed to increase the abonnement rates? I think they are not allowed to increase rates which may harm in that inflationary environment in case growth slows down.

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Not 100% sure but they provided commentary on financing rates and how it's not materially effecting growth.

The upfront capex to open a studio is a fraction of what you would pay for full service equipment heavy gyms.

Different ball game but not that I'm not paying attention to it

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