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Life Time Group Holdings, Inc. - LTH STOCK NEWS

Welcome to our dedicated page for Life Time Group Holdings news (Ticker: LTH), a resource for investors and traders seeking the latest updates and insights on Life Time Group Holdings stock.

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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Life Time Group Holdings, Inc. (NYSE: LTH) reported preliminary unaudited financial results for Q4 and full-year fiscal 2022. Q4 revenue reached $472 million, reflecting a 31% increase from the prior year, driven by growth in membership dues and in-center revenues. Net income was $10 million, a notable improvement from a loss of $305 million in the previous year. For fiscal 2023, the company forecasts revenue of $2.2 billion to $2.3 billion and Adjusted EBITDA of $430 million to $450 million, indicating growth of approximately 23% and 57%. Further details will be provided in March 2023.

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Life Time (NYSE:LTH) is set to debut its first athletic club and luxury residences in downtown Stamford, CT, in mid-2023. The facility will include a 52,000-square-foot athletic club, a 10,000-square-foot rooftop beach resort, and 290 high-end residences. Residents will enjoy a full-access Signature membership and wellness programming. Additionally, the development offers convenient access to public transport and aims to foster a healthy lifestyle in the community. This opening highlights Life Time's commitment to expanding its healthy living initiatives across North America.

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Life Time (NYSE: LTH) announced the expansion of its Sky location in New York City to include indoor pickleball courts and a dedicated Alpha training area. The new facilities will offer two pickleball courts for various activities and advanced strength conditioning programs. Construction has commenced, with an expected completion by early February 2023. Life Time currently operates over 400 pickleball courts across North America, aiming to exceed 600 by year-end. This strategic expansion reinforces Life Time's leading position in the luxury athletic market.

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Life Time Group Holdings, Inc. (NYSE: LTH) will announce preliminary unaudited financial results for Q4 and full year 2022, along with guidance for 2023, on January 9, 2023, prior to the market opening. This disclosure precedes the company's participation in the ICR Conference on the same day. CEO Bahram Akradi and CFO Bob Houghton will engage in a fireside chat at 4:30 PM ET. The chat will be webcast and available for replay on the investor relations website for 90 days.

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On January 2, 2023, Life Time (NYSE: LTH) unveiled key wellness trends for the year ahead, emphasizing a holistic approach to health. Key trends include a rising interest in muscle building, a resurgence of cardio classes, and prioritization of mental health through fitness. Nutrition trends highlight a shift towards anti-inflammatory diets and time-restricted eating. Additionally, individualized health monitoring and a transition from body positivity to body neutrality were noted. Life Time continues to support healthy living through its extensive network of athletic clubs across North America.

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Life Time announces the New York City Triathlon will take place on October 1, 2023, shifting from its traditional July date. Registration opens in January 2023. This change aims to enhance athlete safety and experience by avoiding the detrimental summer weather that has affected past events. Life Time promotes over 30 premier athletic events, including the Chicago Triathlon and Miami Marathon, supporting healthy lifestyles through its network of over 160 athletic clubs in North America.

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Life Time (NYSE: LTH) has inaugurated its new 52,000-square-foot athletic club in Medford, Massachusetts, marking its fourth location in Middlesex County. The facility features over 100 weekly classes, personal training, and premium amenities, including a 75-meter indoor lap pool, a LifeSpa, and a LifeCafe. This opening aims to enhance health and fitness opportunities for the community. Life Time's president stated the new club complements existing locations and supports healthier lifestyles.

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Life Time Buckhead at Phipps Plaza opened on December 8, 2022, as a new 127,000-square-foot destination in Atlanta, featuring a five-story athletic country club and Life Time Work coworking space. This facility includes Atlanta's first rooftop beach club, offering various health and wellness amenities for all ages. With over 145 weekly fitness classes, personal training services, and a dedicated recovery space, this location highlights Life Time's commitment to enhancing lifestyle through fitness and work. This is Life Time's seventh location in the Atlanta area.

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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 $24.55 as of November 22, 2024.

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

The market cap of Life Time Group Holdings (LTH) is approximately 5.1B.

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

5.08B
81.33M
12.73%
82.88%
2.4%
Leisure
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United States of America
CHANHASSEN