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. (LTH) reports developments tied to its healthy lifestyle and leisure business, including athletic country club openings, membership-driven operating results, and wellness services across the United States and Canada. Company updates commonly cover resort-style clubs, fitness and training programs, pickleball and tennis amenities, LifeSpa, LifeCafe, LifeClinic, Life Time Work, digital health offerings, and related residential or mixed-use club environments.
News also covers Life Time's capital actions and real estate strategy, including sale-leaseback transactions and share repurchases, as well as expansion of its athletic events portfolio. Recurring product and event themes include endurance races, local running communities, the LT Pro 48 pickleball, and foundation initiatives tied to health, community, and environmental programs.
Life Time (NYSE: LTH) has announced that its Life Time app is now free for everyone. The app offers a comprehensive range of health, fitness, nutrition, and wellness resources, including classes taught by top instructors and award-winning content. This move aligns with Life Time's mission to promote healthy living, supported by its extensive network of over 170 athletic country clubs across 31 states and 43 major markets, including Toronto. Features include a variety of classes, coaching programs, meditation experiences, and access to health and wellness products. The app is available for download on Apple and Google App Stores.
Tennis Grand Slam Champion Andre Agassi, along with top-rated pickleball pros, participated in an exciting pickleball event at Life Time PENN 1 in New York City. The event showcased the rapid growth of pickleball, with more than 300 guests enjoying the action. Life Time has been actively promoting racquet sports, appointing Agassi as the chair of the Life Time Pickleball and Tennis Board, and expanding access to the sport through partnerships and programming.
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.
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