Life Time Group Holdings Inc Stock Price, News & Analysis

Life Time Group Holdings (NYSE: LTH) announced a credit rating upgrade from S&P Global Ratings, moving from 'CCC+' to 'B-'. This upgrade reflects increased certainty regarding the company's deleveraging path. Life Time reported strong growth in revenue and membership dues, along with improved operating margins. The company is focused on enhancing financial performance while providing exceptional experiences for its members. Life Time operates over 160 athletic country clubs in the U.S. and Canada, supporting a healthy lifestyle for individuals of all ages.

Life Time (NYSE: LTH) is launching its Spring 60day Challenge on January 28, 2023, aimed at helping individuals meet their health and wellness goals. This eight-week program includes personal training sessions, daily workouts, meal plans, and access to virtual coaches. It supports various wellness objectives such as weight loss and muscle gain. Senior Director Anika Christ emphasizes the challenge's role in providing tools for health management. Participants can submit essays for a chance to win prizes, including Life Time memberships and personal training sessions valued at $2,200. More details are available at www.lifetime60day.com.

Life Time (NYSE: LTH) announces an $800,000 investment to enhance its racquet sports offerings at Life Time City Centre in Houston. The renovation introduces a new state-of-the-art squash complex featuring five additional courts, including an all-glass court with stadium seating, bringing the total to nine courts. The facility will host the U.S. Squash Junior Championship Tournament in February, expecting about 300 junior players. Life Time currently provides squash programming at 26 clubs, with plans to expand to over 40 clubs.

Life Time (NYSE: LTH) has opened its latest location, Life Time Midtown, a 28,000-square-foot athletic country club in New York City, marking its seventh facility in the city and fifth in Manhattan. This expansion enhances Life Time's footprint in a key market, offering over 100 weekly classes led by certified instructors across various fitness disciplines. Notable features include dedicated studios for group training, a three-lane indoor lap pool, and luxurious amenities. The facility aims to support members on their wellness journeys, with convenient access to public transport.

Life Time (NYSE: LTH) announced the launch of "Call of a Life Time," a six-episode docuseries premiering on January 27, 2023, at 6 p.m. CST. The series highlights elite cyclists participating in the inaugural Life Time Grand Prix, featuring three gravel and three mountain biking events held across the U.S. The finale reveals a $250,000 prize purse. Filmed by Cold Collaborative, the series aims to capture the personal journeys, challenges, and achievements of the athletes during the 2022 race season. The episodes will be available for free on the Life Time Grand Prix YouTube channel, fostering fandom around U.S. cycling.

The Life Time Miami Marathon and Half is set to return on January 29, 2023, attracting a sold-out crowd of 18,000 runners from across 50 states and nearly 70 countries. This year marks the earliest sell-out in the event's 21-year history, driven by a USTAF-certified, Boston-qualifying course that highlights Miami's unique scenery. New features include the Life Time Diaper Derby, a non-binary awards category, and eco-friendly initiatives like a special train to reduce emissions. The marathon is part of a range of athletic events owned by Life Time, which operates over 160 athletic clubs in North America.

Life Time (NYSE: LTH) is set to open a new athletic club at Brooklyn Crossing in Prospect Heights, Brooklyn, in 2024. This partnership with The Brodsky Organization and Greenland USA will provide over 37,000 square feet of fitness and wellness space, including boutique studios and advanced fitness equipment. The development features 858 residential apartments with luxury amenities. The collaboration emphasizes Life Time's commitment to healthy living and aligns with Brodsky's goal of enhancing lifestyle offerings for residents, positioning Brooklyn Crossing as a vibrant community hub.

Life Time Group Holdings, Inc. (NYSE: LTH) reported preliminary unaudited financial results for Q4 and full-year fiscal 2022. Q4 revenue reached $472 million, reflecting a 31% increase from the prior year, driven by growth in membership dues and in-center revenues. Net income was $10 million, a notable improvement from a loss of $305 million in the previous year. For fiscal 2023, the company forecasts revenue of $2.2 billion to $2.3 billion and Adjusted EBITDA of $430 million to $450 million, indicating growth of approximately 23% and 57%. Further details will be provided in March 2023.

Life Time (NYSE:LTH) is set to debut its first athletic club and luxury residences in downtown Stamford, CT, in mid-2023. The facility will include a 52,000-square-foot athletic club, a 10,000-square-foot rooftop beach resort, and 290 high-end residences. Residents will enjoy a full-access Signature membership and wellness programming. Additionally, the development offers convenient access to public transport and aims to foster a healthy lifestyle in the community. This opening highlights Life Time's commitment to expanding its healthy living initiatives across North America.