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Life Time Group Holdings, Inc. - LTH STOCK NEWS

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Life Time Group Holdings, Inc. (NYSE: LTH) is a premier healthy lifestyle brand that designs, builds, and operates comprehensive, large-scale fitness and wellness centers. These centers, known as athletic country clubs, are located primarily in residential areas of metropolitan cities across the United States and Canada. Life Time offers a multitude of activities and amenities including professional fitness training, family recreation, spas, and resort-like environments catering to individuals and families.

Life Time's commitment to delivering uncompromising quality is evident in its range of services, which are both entertaining and educational. The company aims to meet the health and fitness needs of the entire family in an inviting and innovative manner. With over 170 athletic country clubs, Life Time has established itself as a significant player in the health and wellness industry, attracting more than 1.5 million members.

The company's recent achievements highlight its dynamic growth and innovation. In April 2024, Life Time opened its first dedicated pickleball facility in Chanhassen, Minnesota, featuring eight indoor and seven outdoor courts. This development aligns with their goal to become the premier destination for pickleball in the U.S., boasting over 630 courts across 130 clubs. The formation of the Life Time Pickleball and Tennis Board, led by tennis legend Andre Agassi, aims to elevate the profile of these sports within their communities.

Continuing its expansion in New York, Life Time launched its sixth athletic club, Life Time PENN 1, in April 2024. This 54,000-square-foot luxury club offers the most indoor pickleball courts in New York City and houses exclusive group training programs. Similarly, the newly opened Life Time Atlantic Avenue in Brooklyn provides a rich array of health and wellness offerings, complete with state-of-the-art training facilities and boutique studios.

Financially, Life Time reported a robust first-quarter performance in May 2024, leading to a raised full-year revenue and Adjusted EBITDA guidance. The company also closed a significant $40 million sale-leaseback transaction to support growth and strengthen its balance sheet. These financial maneuvers position Life Time well for continued expansion and operational excellence.

Life Time's vision is not only to provide exceptional health and wellness experiences but also to be an employer that values and develops its team members. The organization offers career growth opportunities across various roles within its clubs, supported by its mission to inspire healthy, happy lives through both physical and digital channels.

As Life Time continues to expand its footprint and enhance its offerings, it remains steadfast in its commitment to promoting a healthy way of life for its members and the broader community.

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Moody's upgrades Life Time Group Holdings' issuer credit rating to 'B2' from 'B3', citing improving performance and steps to reduce leverage. Company closes $45 million sale-leaseback transaction, completing all $123 million of previously announced transactions.
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Life Time announces opening of phase one at PENN 1 in New York City, with plans for premier indoor pickleball club in 2024.
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Life Time Talks podcast sees significant growth and positive ratings among listeners
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Life Time (NYSE: LTH) Debuts Unique Athletic Country Club Experience at The Falls Shopping Center in Miami, Expanding Nationwide Presence
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Life Time, the premier healthy lifestyle brand, has announced the opening of Life Time Sienna in Missouri City, Texas. This 124,000-square-foot athletic country club offers a range of amenities including fitness spaces, restaurant, spa, indoor and outdoor pickleball, beach club, and a coworking space. Life Time Sienna is the company's 30th athletic country club in Texas and 12th in the Houston market.
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Life Time Group Holdings, Inc. (NYSE: LTH) announced a 21.8% increase in second quarter revenue to $561.7 million, with net income rising to $17.0 million from a net loss of $2.3 million. Adjusted EBITDA also increased by 115.5% to $136.0 million. The company provided a full year fiscal 2023 net income guidance range of $75-$83 million and increased full year fiscal 2023 Adjusted EBITDA guidance range to $510-$520 million. Despite a B+ issuer credit rating from Fitch Ratings, S&P and Moody's rated the company B and B- respectively.
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Life Time Foundation (NYSE: LTH) Launches Complimentary Green Onion Digital Resource to Remove Unhealthy Ingredients in School Food
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Life Time (NYSE: LTH) Partners with LSKD as Exclusive Apparel Brand for Female Coaches and Trainers, Expanding LSKD's Presence in the U.S.
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FAQ

What is the current stock price of Life Time Group Holdings (LTH)?

The current stock price of Life Time Group Holdings (LTH) is $22.585 as of November 4, 2024.

What is the market cap of Life Time Group Holdings (LTH)?

The market cap of Life Time Group Holdings (LTH) is approximately 4.8B.

What services does Life Time offer?

Life Time provides a wide range of services including fitness training, spa treatments, family recreation, and resort-like amenities in its athletic country clubs.

Where are Life Time’s athletic country clubs located?

Life Time’s athletic country clubs are primarily located in metropolitan residential areas across the United States and Canada.

What is Life Time’s vision?

Life Time’s vision is to be a premier employer, continually enhancing the value of its employees and fostering a respected and coveted brand among customers, vendors, and competitors.

How is Life Time involved in pickleball?

Life Time has become a premier destination for pickleball, with over 630 courts across more than 130 clubs. They recently opened a dedicated pickleball facility in Chanhassen, Minnesota.

What recent developments have occurred at Life Time?

Recent developments include the opening of Life Time PENN 1 and Life Time Atlantic Avenue in New York, as well as financial achievements such as a robust first-quarter performance and a $40 million sale-leaseback transaction.

How does Life Time support its financial growth?

Life Time supports its financial growth through strategic sale-leaseback transactions, expansion of club locations, and maintaining high member retention and engagement.

What are the operating hours for Life Time clubs?

Operating hours vary by location, but typically Life Time clubs are open early in the morning until late evening, with extended hours on weekends.

How does Life Time cater to family needs?

Life Time offers family-friendly services and amenities including child care, family recreation areas, swim lessons, and various kids' programs to meet the needs of the entire family.

What digital features does Life Time offer?

Life Time offers a complimentary digital app that includes curated programs, training sessions, meditation, healthy content, and more to extend the wellness experience beyond their physical locations.

How can someone join a Life Time club?

Interested individuals can join a Life Time club by visiting their website or one of their club locations to explore membership options, including Signature and Premier memberships that provide access to all Life Time destinations.

Life Time Group Holdings, Inc.

NYSE:LTH

LTH Rankings

LTH Stock Data

4.76B
206.97M
8.46%
83.18%
2.71%
Leisure
Services-membership Sports & Recreation Clubs
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United States of America
CHANHASSEN