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 Buckhead at Phipps Plaza opened on December 8, 2022, as a new 127,000-square-foot destination in Atlanta, featuring a five-story athletic country club and Life Time Work coworking space. This facility includes Atlanta's first rooftop beach club, offering various health and wellness amenities for all ages. With over 145 weekly fitness classes, personal training services, and a dedicated recovery space, this location highlights Life Time's commitment to enhancing lifestyle through fitness and work. This is Life Time's seventh location in the Atlanta area.
Life Time (NYSE: LTH) has inaugurated its 11th club in the Dallas area, known as Life Time McKinney at Craig Ranch, covering over 100,000 square feet. This multi-million-dollar renovated facility features 12 outdoor pickleball courts, a unique 50-meter outdoor pool, and various fitness and wellness amenities including specialized studios and a kids' academy. The club emphasizes a holistic approach to healthy living and is strategically located near the PGA TPC Craig Ranch Golf Course, enhancing its appeal to local residents.
Life Time (NYSE: LTH) has announced the winners of its 60day Challenge, with nearly 20,000 participants entering the holiday season healthier. Five national winners received prizes totaling $6,000, showcasing significant individual transformations, including weight loss and improved health metrics. The 60day program, which has helped 600,000 members lose over 1 million pounds since 2010, offers daily workouts, meal plans, and coaching support. The next challenge starts on January 28, with registration opening on December 16.
Life Time (NYSE: LTH) is offering complimentary access to its Digital Membership from Dec. 1, 2022, through January, aiming to prioritize health during the holiday season. This membership provides access to thousands of live-stream and on-demand workout classes, meditation sessions, and curated health content. Life Time, with nearly 160 athletic clubs in the U.S. and Canada, emphasizes its commitment to wellness, ensuring that individuals can maintain a healthy lifestyle regardless of location. The initiative reflects Life Time's mission to enhance community health and happiness.
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.