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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 (NYSE: LTH) and lululemon (NASDAQ: LULU) have announced a new partnership naming lululemon as an official apparel partner of Life Time pickleball and tennis. The collaboration aims to elevate racquet sports with lululemon's athletic apparel at Life Time facilities across the country. The partnership was launched on May 4th at a major pickleball event at Life Time PENN 1, featuring seven street-level pickleball courts. Both brands strive to promote healthy lifestyles and community wellbeing through this collaboration.

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Life Time Group Holdings, Inc. announced its strong financial results for the first quarter of 2024. Revenue increased by 16.8% to $596.7 million, center memberships grew by 5.0%, and adjusted EBITDA rose by 21.6%. The company's net debt leverage ratio improved to 3.6x. They are raising their full-year revenue and Adjusted EBITDA guidance. Life Time remains on track to achieve their 2024 financial goals including being free cash flow positive in the second quarter.

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Life Time has appointed James LaValle as Chief Science Officer to lead scientific strategies and initiatives for the MIORA longevity and performance program and clinic. LaValle brings over 38 years of experience in metabolic health issues, anti-aging research, and proactive patient care management. He will work on establishing relationships, advancing longevity research, and building partnerships with leading organizations in the field. MIORA offers personalized services for health, wellness, performance, and longevity, including hormone replacement therapies, recovery services, aesthetics, and peptides for weight management.

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Life Time (NYSE: LTH) expands its presence in Texas with the opening of two new athletic country clubs in Dallas-Fort Worth. The first club, Life Time Las Colinas, features a wide range of amenities for all ages, including pools, pickleball courts, Kids Academy, LifeCafe, LifeSpa, and more. The second club, Life Time Westlake, is set to open later this summer with a waitlist available. The expansion reflects the strong demand for Life Time's healthy lifestyle programming in the region.

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Life Time (NYSE: LTH) expands its presence in New York with the opening of Life Time Atlantic Avenue, a 37,000-square-foot athletic country club in Brooklyn's Brooklyn Crossing development. The club offers high-end wellness experiences and features dedicated spaces for group training programs, boutique studios, and personal training. With a focus on health and wellness, Life Time aims to provide a unique experience for residents and the community.
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Life Time (NYSE: LTH) announces the annual Ride of a Life Time cycling event set for April 27 to support children's health. The event aims to raise funds for Children's Miracle Network Hospitals and the Life Time Foundation, with over $2.7 million raised to date. Participants can register for $25 to secure a bike and contribute to the causes.
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Life Time's Senior Director of Yoga, Tory Schaefer, discusses the importance of rest for overall wellness during National Stress Awareness Month. Schaefer highlights the seven types of rest and emphasizes the need for physical, mental, and emotional rejuvenation. Life Time offers various programs to support rest and recovery.
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Life Time partners with Ben and Collin Johns and Pickleball 360 to offer a series of 70 instructional videos on the Life Time app, catering to players of all levels. The collaboration aims to enhance the skills of pickleball enthusiasts, aligning with the National Pickleball Month in April. With the increasing popularity of pickleball, Life Time continues to expand its presence in the sport, boasting over 635 permanent courts nationwide.
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Life Time (LTH) opens New York City's Largest Indoor Pickleball Destination in THE PENN DISTRICT, covering 54,000 square feet with seven pickleball courts and exclusive training programs, enhancing the wellness experience for office workers and residents.
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Life Time (NYSE: LTH) opens its first dedicated pickleball development in Chanhassen, offering 15 courts, viewing areas, a bar and lounge, luxurious dressing rooms, and more, aiming to become the premier destination for pickleball in the US.
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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 $22.535 as of November 1, 2024.

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

The market cap of Life Time Group Holdings (LTH) is approximately 4.7B.

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

4.66B
206.97M
8.46%
83.18%
2.71%
Leisure
Services-membership Sports & Recreation Clubs
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United States of America
CHANHASSEN