Life Time Group Holdings Inc Stock Price, News & Analysis

Life Time (NYSE: LTH) announced a partnership with renowned swimmer Ryan Lochte to offer exclusive swim clinics across several of its locations nationwide. These clinics, running from June to October 2024, provide swimmers of all ages the unique opportunity to learn from the Olympic gold medalist. Scheduled at various Life Time athletic country clubs, the three-hour sessions include in-water drills, Q&A sessions, and discussions on nutrition, recovery, and motivation. Attendees will also receive an autographed swim cap and a photo with Lochte. Life Time's Senior VP of Kids and Aquatics, Alicia Kockler, emphasized the organization's commitment to teaching essential swimming skills. Early registration is encouraged due to spaces.

Life Time (NYSE: LTH) has launched L.AI.C, an AI-driven Healthy Way of Life personal companion, in collaboration with Microsoft. Currently in beta via the Life Time app, L.AI.C leverages AzureOpenAI Service to offer personalized club, program, and service information. The tool is designed to enhance member experiences by providing quick answers and customized recommendations.

Future updates will expand its capabilities to include class and court reservations, individualized workouts, and wellness queries. Life Time aims to integrate technology further into its services, enhancing its brand as a leading health and wellness partner.

Life Time (NYSE: LTH) emphasizes swim safety for the upcoming summer season with its 25:10 rule: if a child can't swim 25 meters without stopping, a parent must be within 10 feet. Life Time teaches over 30,000 people swim safety monthly across their clubs. They recommend swim lessons starting as early as four months old, wearing bright swimsuits for visibility, using Coast Guard-approved life jackets, maintaining a 1:3 guardian-to-swimmers ratio, getting CPR certified, and taking breaks every two hours. With over 500 pools in 170 clubs across North America, Life Time is a leader in aquatics, providing extensive programs and certifying numerous lifeguards.

Life Time Group Holdings (NYSE: LTH) has announced webcast information for its Investor and Analyst Day on May 30, 2024. The event, to be held at the company's corporate office in Chanhassen, Minnesota, will cover the company's evolution into a leading healthy way of life leisure company. The webcast will start at 9:30 a.m. ET and will include presentations by the leadership team followed by a Q&A session. Institutional investors interested in attending in person should contact Ken Cooper. Materials and a replay of the webcast will be available on the company's investor relations website.

The Life Time Foundation has granted $1 million to American Forests to restore the threatened whitebark pine in the western U.S.

This high-elevation keystone species is vital for ecosystem stability but faces large-scale die-off due to disease, pests, and climate change. The funding will support restoration projects across seven western states and two Canadian provinces, including national parks like Yellowstone, Glacier, and Grand Teton.

Efforts will include planting seeds, testing disease resistance, supporting nurseries, and sequencing the whitebark pine genome. This initiative aims to protect alpine biodiversity, ensure clean water supply, and promote outdoor recreation.

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.