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.
Life Time (NYSE: LTH) has opened a new 136,000-square-foot athletic country club in Downtown Palm Beach Gardens, expanding its presence in South Florida. The facility will create nearly 200 jobs and offers a range of amenities including group classes, personal training, a rooftop beach club, and wellness services. The opening marks Life Time's fourth location in South Florida and is part of a broader redevelopment initiative aimed at enhancing the community and promoting healthy living.
Life Time Group Holdings (NYSE: LTH) reported strong second quarter financial results, with total revenue rising 42.7% to $461.3 million compared to the same period last year. The company saw a 10.2% increase in center memberships, totaling 724,778. Adjusted EBITDA surged to $63.1 million from $4.2 million in the prior year. Despite a net loss of $2.3 million, the company remains optimistic about ongoing growth and plans for 12 more center openings in 2022. Additionally, significant sale-leaseback transactions totaling $675 million are projected to strengthen the balance sheet.
Life Time Group Holdings, Inc. (NYSE: LTH) will release its second quarter financial results for fiscal 2022 on August 10, 2022, prior to market open. A conference call is scheduled for 8:30 a.m. Eastern Time to discuss these results. Investors can participate by calling in or accessing a live audio webcast at https://ir.lifetime.life. Life Time operates nearly 160 athletic country clubs in the U.S. and Canada, emphasizing healthy living for individuals at all ages.
Life Time (NYSE: LTH), a leading healthy lifestyle brand, commemorated 30 years of operation since its first club opened in Brooklyn Park, Minnesota. Now boasting nearly 160 athletic country clubs across the U.S. and Canada, the company has amassed over one billion visits and developed a comprehensive healthy lifestyle ecosystem. Founder Bahram Akradi highlighted Life Time's commitment to fostering healthy communities and transforming lives. With continued expansion plans across various states, Life Time aims to enhance the health and happiness of its members.
Life Time, based in Chanhassen, Minnesota, released a press release on July 7, 2022, outlining five unique tips for enhancing summer fitness. Anika Christ, a leading trainer, highlights activities such as swimming, trying new sports like pickleball, grilling healthy meals, maintaining hydration, and engaging in group workouts. The company boasts over 300 pools and aims to have 600 pickleball courts by the end of 2023. Life Time promotes a holistic approach to health through its athletic clubs and digital platforms, aiming to support individuals of all ages.
Life Time Group Holdings (NYSE: LTH) announced Donna Coallier's appointment to its Board of Directors, effective July 1, 2022. Coallier, with extensive experience in finance and strategy, previously served as a partner at PwC and has held significant roles in various organizations. She will also join the Audit Committee starting August 15, 2022. Founder and CEO Bahram Akradi expressed enthusiasm about her expertise, which is expected to enhance the board's effectiveness as the company aims to provide top-tier healthy lifestyle experiences across its athletic country clubs.
Life Time (NYSE: LTH) is enhancing the fitness experience for older adults through its new ARORA personal training certification program. Targeting individuals aged 55 and older, this program equips trainers with the expertise needed to support healthy aging and improve physical capabilities. ARORA trainers focus on balance, strength, flexibility, and nutrition, enabling clients to participate fully in life. Research highlights that exercise can counteract age-related muscle decline. With workshops and community engagement, Life Time aims to boost well-being among seniors, fostering a supportive environment for active lifestyles.
Life Time Foundation and City Parks Foundation have launched the inaugural Life Time Foundation New York City Kids Run, a running and nutrition program aimed at children aged 9-17. This initiative will culminate in a one-mile run on July 23, coinciding with the New York City Triathlon. The program, supported by a $20,500 grant, focuses on physical activity and healthy habits in underserved communities. It offers a four-week training program designed by Olympian Mechelle Lewis Freeman, enhancing children's sports skills and overall wellbeing.
FAQ
What is the current stock price of Life Time Group Holdings (LTH)?
What is the market cap of Life Time Group Holdings (LTH)?
What services does Life Time offer?
Where are Life Time’s athletic country clubs located?
What is Life Time’s vision?
How is Life Time involved in pickleball?
What recent developments have occurred at Life Time?
How does Life Time support its financial growth?
What are the operating hours for Life Time clubs?
How does Life Time cater to family needs?
What digital features does Life Time offer?
How can someone join a Life Time club?
