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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.
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.
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.
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.
