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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. will release its financial results for the fourth quarter and full-year 2023 on February 28, 2024. A conference call will be held to discuss the financial results and provide a business update. Details for participation, including dial-in numbers and webcast links, are provided in the press release.
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Life Time (LTH) is set to open its seventh Colorado location, Life Time Denver West, in Wheat Ridge. The 111,000-square-foot club will offer various amenities, including workout spaces, pickleball courts, pools, a restaurant, a spa, and more. The club aims to cater to individuals of all ages, from 3 months old to adulthood, and will also feature a dedicated work lounge for members. The club is set to open in the first quarter of 2024 and has already established a waitlist for memberships.
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Life Time (NYSE: LTH) and HOKA, a division of Deckers Brands (NYSE: DECK), have extended and expanded their multi-year relationship to inspire people of all ages to find joy in movement. The partnership includes HOKA as an official sponsor of the Miami Marathon, as well as various athletic events and training programs at Life Time clubs. A new video series, Reveal Your Potential, showcases individuals who have embraced a healthy and active lifestyle with Life Time and HOKA.
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Life Time (LTH) releases its 2024 lineup of athletic events, including cycling and running events across 11 states, with early access available to Life Time members. The portfolio includes iconic experiences like the Life Time Grand Prix, Call of a Life Time Season 2, and the Sea Otter Classic. The events aim to exceed participant expectations and promote healthy, happy lives.
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Life Time (NYSE: LTH) is helping people prioritize health and wellness in 2024, with a 29% increase in respondents prioritizing health compared to 2023. The company aims to help individuals achieve their goals and avoid common mistakes made with New Year's resolutions. The top reason cited for prioritizing health is to live longer, healthier lives.
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Life Time Foundation, a nonprofit created by Life Time Inc. (NYSE: LTH), is supporting initiatives to promote a Healthy People, a Healthy Planet, and a Healthy Way of Life. Efforts include beach clean-ups, supporting Miami-Dade Schools, and fundraising for athletes. The foundation is issuing a $50,000 grant to The Education Fund to support the Food Forests for Schools Program.
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Pivot Bio (PVTB) appoints Robert Houghton as Chief Financial Officer, bringing 30 years of financial and accounting experience to the sustainable agriculture company. Houghton replaces Doug Jeffries and is expected to drive strong financial results for the company, leveraging his experience on Wall Street and in global finance organizations. His appointment comes at a crucial time as Pivot Bio focuses on its strategic and global evolution as a sustainable agriculture company.
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Life Time introduces D.TOX, a 14-day nutrition program with over 1 million participants and an average weight loss of 5-7 pounds. The program aims to reset eating habits, identify food sensitivities, and kick start results, offering benefits like increased energy, clearer skin, improved sleep, decreased bloating, and less brain fog. Celebrating its 10th anniversary, Life Time offers a complimentary virtual class, a downloadable guide, and exclusive pricing on the D.TOX Shake Kit upon registration.
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Life Time (NYSE: LTH) releases results from its 2024 annual consumer health and wellness survey, revealing that 36% of respondents are willing to give up social media forever to lose 10 pounds. The survey also highlights the increasing interest in strength training, with 35.9% of respondents prioritizing building muscle in 2024. Additionally, 64% of respondents plan to prioritize their health and wellbeing more in 2024 than in 2023, citing the desire to live longer, healthier lives as the top reason.
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Life Time Group Holdings, Inc. (NYSE: LTH) reaffirms its fiscal year 2023 guidance with expected increases in revenue, net income, and adjusted EBITDA. The company anticipates an 18.5% increase in fourth-quarter revenue to $555-$565 million, a 13.1% rise in net income to $14-$17 million, and a 24.3% surge in adjusted EBITDA to $131-$135 million. For the full year, Life Time projects a 21.7% revenue increase to $2,213-$2,223 million, a net income of $66-$69 million compared to a prior year net loss of $1.8 million, and an 88.9% rise in adjusted EBITDA to $530-$534 million. The company's Founder, Chairman, and CEO, Bahram Akradi, expressed confidence in the business's growth and outlook, with plans to achieve free cash flow positivity by mid-2024.
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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
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United States of America
CHANHASSEN