Life Time Group Holdings Inc Stock Price, News & Analysis

Life Time Group Holdings (NYSE: LTH) will participate in a fireside chat at the 2022 Morgan Stanley Global Consumer & Retail Conference on December 6, 2022, at 4:00 pm ET. The discussion will feature Founder and CEO Bahram Akradi along with CFO Bob Houghton. This event will be webcast, and related materials can be accessed on the Company’s Investor Relations website for 90 days. Life Time has over 150 locations in the US and Canada, focusing on holistic health and wellness.

Life Time (NYSE: LTH) has unveiled its new athletic club in Annapolis Town Center, expanding its luxury offerings in health and wellness. Spread across 43,000 square feet, the club features dedicated studios for yoga and Pilates, a luxury lap pool, and specialized programming for various age groups. The establishment aims to provide a comprehensive fitness experience, with amenities including group training classes, kids programming, and relaxation areas such as saunas and steam rooms. Operating hours are from 5 a.m. to 10 p.m. on weekdays and 6 a.m. to 8 p.m. on weekends.

UnitedHealthcare, part of UnitedHealth Group (NYSE: UNH), has expanded its relationship with Life Time (NYSE: LTH) to provide access to all Life Time locations for Medicare members enrolled in the Renew Active® program. This initiative allows over 10 million members to use nearly 160 Life Time athletic clubs across 29 states at no extra cost. The program emphasizes physical and mental well-being, offering free gym memberships, on-demand workouts, and the ARORA program for older adults. This collaboration aims to enhance health and wellness among seniors.

Life Time Group Holdings, Inc. (NYSE: LTH) reported a 28.9% revenue increase to $496.4 million for Q3 2022, compared to $385.0 million last year. Memberships rose 9.0% to 728,729. Adjusted EBITDA jumped 50.9% to $71.0 million. However, the company recorded a net income of $24.7 million, influenced by a tax-effected gain of $42.7 million from sale-leasebacks. The outlook for Q4 estimates revenue between $460 to $490 million, with a projected net loss of $(10) to $(2) million.

Life Time (NYSE: LTH) has formed a strategic alliance with Major League Pickleball (MLP) and DUPR to enhance the sport of pickleball. This partnership aims to host multiple tournaments at Life Time locations in 2023 and implement the DUPR official rating system across all Life Time clubs. With nearly five million pickleball players in the U.S., MLP plans to expand to 16 teams and increase prize money to over $2M. Life Time, owning the most pickleball courts in the U.S., is committed to making the sport more accessible and enjoyable for all.

Life Time Group Holdings, Inc. (NYSE: LTH) will release its third-quarter financial results for fiscal 2022 on November 9, 2022, before market open. A conference call to discuss these results is scheduled for 8:30 a.m. Eastern Time. Interested investors can participate by dialing 877-451-6152 or joining the live audio webcast at ir.lifetime.life.

Life Time operates nearly 160 athletic country clubs across the United States and Canada, focusing on healthy living and comprehensive wellness.

Life Time (NYSE: LTH) reports significant growth in pickleball participation, boasting over 350 permanent courts with plans to exceed 600 by year-end 2023. The surge in popularity reflects a doubling of U.S. players to nearly 5 million in five years. Monthly participation at Life Time clubs soared from 16,000 to over 70,000 in nine months. CEO Bahram Akradi envisions Life Time not only as the largest provider but also the best in pickleball services, including classes and tournaments, further solidifying the company's status as a leader in healthy lifestyle offerings.

Life Time (NYSE: LTH) has launched its first luxury athletic country club in Brooklyn, known as Life Time Dumbo, covering 77,000 square feet. The facility includes six studio boutiques, a lap pool, basketball court, restaurant, spa, and Kids Academy, promoting a healthy lifestyle for members aged nine months to over 90 years. This expansion enhances Life Time's presence in New York City, following recent openings in other boroughs. With diverse fitness offerings, modern amenities, and a focus on community wellness, Life Time aims to cater to various demographics in a premium environment.

Life Time announced the launch of its first luxury leased residences, Life Time Living, in Green Valley, Henderson, Nevada. This midrise tower features 149 luxury residences designed for a healthy lifestyle, including 105 one-bedroom and 44 two-bedroom units, with prices starting at $2,980. Residents receive a full-access Signature membership to facilities, including a 171,000-square-foot athletic country club. Unique concierge services will support residents' healthy living needs. The development represents a commitment to creating a holistic health-focused community.