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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.

Rhea-AI Summary
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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Life Time Group Holdings, Inc. (NYSE: LTH) will release its first-quarter 2024 financial results on May 1, 2024. The company will host a conference call to discuss the results and provide a business update.
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Life Time (LTH) opens its seventh location in Colorado, Life Time Denver West, offering a unique health, wellness, and work experience with luxurious amenities like pickleball courts, pools, and a dedicated work lounge.
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Life Time (NYSE: LTH) warns consumers about deceptive filler ingredients and substitutes in popular foods, highlighting coffee and olive oil as examples. The company advises consumers on how to identify and avoid harmful fillers and cheap substitutes in these 'healthy' food favorites.
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Life Time Group Holdings, Inc. (NYSE: LTH) will participate in the BofA Securities 2024 Consumer & Retail Conference on March 12-13, 2024. The company's Founder, Chairman, and CEO, Bahram Akradi, along with interim CFO Erik Weaver, will take part in a fireside chat moderated by BofA Securities Analyst, Alex Perry. The webcast will be available on the company's Investor Relations website until June 11, 2024.
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Life Time Group Holdings, Inc. (LTH) reported a strong financial performance for Q4 2023 and full-year 2023, with significant increases in total revenue, net income, adjusted net income, adjusted EBITDA, and diluted EPS. The company achieved record revenue levels, improved balance sheet, and increased member engagement, positioning itself for continued growth in 2024. LTH opened new centers, improved cash flow, reduced net debt leverage ratio, and provided optimistic guidance for 2024.
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Life Time (NYSE: LTH) opens a 127,000-square-foot luxury athletic country club in Middletown, NJ, creating over 230 new jobs and offering a unique health, wellness, and coworking experience for all ages.
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Life Time (NYSE: LTH) appoints tennis legend Andre Agassi as chair of the Pickleball and Tennis Board to enhance the profile and community of these sports. Agassi's expertise aims to expand access, enhance programming, and build a strong racquet sports community.
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Life Time (NYSE: LTH) Launches Class Collection to Enhance Group Fitness Experience
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Life Time (NYSE: LTH) opens registration for its flexible summer camps for kids aged 5 to 12. The camps offer unique activities, weekly themes, electives, and extended hours to accommodate parents' schedules.
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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
Link
United States of America
CHANHASSEN