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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.
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.
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.
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.
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.
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.
Life Time (NYSE: LTH) has inaugurated its 11th club in the Dallas area, known as Life Time McKinney at Craig Ranch, covering over 100,000 square feet. This multi-million-dollar renovated facility features 12 outdoor pickleball courts, a unique 50-meter outdoor pool, and various fitness and wellness amenities including specialized studios and a kids' academy. The club emphasizes a holistic approach to healthy living and is strategically located near the PGA TPC Craig Ranch Golf Course, enhancing its appeal to local residents.
Life Time (NYSE: LTH) has announced the winners of its 60day Challenge, with nearly 20,000 participants entering the holiday season healthier. Five national winners received prizes totaling $6,000, showcasing significant individual transformations, including weight loss and improved health metrics. The 60day program, which has helped 600,000 members lose over 1 million pounds since 2010, offers daily workouts, meal plans, and coaching support. The next challenge starts on January 28, with registration opening on December 16.
Life Time (NYSE: LTH) is offering complimentary access to its Digital Membership from Dec. 1, 2022, through January, aiming to prioritize health during the holiday season. This membership provides access to thousands of live-stream and on-demand workout classes, meditation sessions, and curated health content. Life Time, with nearly 160 athletic clubs in the U.S. and Canada, emphasizes its commitment to wellness, ensuring that individuals can maintain a healthy lifestyle regardless of location. The initiative reflects Life Time's mission to enhance community health and happiness.
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