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Life Time's LTH Supplement Line Launches Third Collagen Product with Introduction of Refuel Protein Bar
Prnewswire· 2025-05-15 12:01
Core Insights - Life Time (NYSE: LTH) has expanded its collagen product line with the introduction of the Refuel Protein Bar, aimed at consumers interested in the health benefits of collagen [1][6] - The Refuel Protein Bar is designed to be a convenient protein source, featuring 15 grams of protein from dairy-free grass-fed collagen and pea protein, with no added sugar and 160 calories [3][4] - The launch of the Refuel Protein Bar aligns with the growing consumer interest in collagen supplements for benefits such as joint health, skin elasticity, and stronger hair [4][5] Product Details - The Refuel Protein Bar is naturally flavored with chocolate brownie, contains 7 grams of fiber, and is free from synthetic ingredients [3][6] - Life Time's collagen products, including the Refuel Protein Bar, undergo extensive development and third-party testing to ensure safety and effectiveness [7] Market Position - Life Time's LTH supplement line includes over 50 products, such as NOURISH greens, POWER creatine, and REVIVE Colostrum Powder, indicating a strong focus on health and wellness [6][8] - The company emphasizes the importance of collagen in supporting overall health, particularly as natural collagen production declines with age [4][9]
Life Time Group Holdings: Tailwinds From Higher Rates And Center Utilization
Seeking Alpha· 2025-05-13 20:28
Group 1 - The article discusses the current market conditions, highlighting a rebound that suggests a return to bull market territory, while cautioning investors about stretched valuations [1] - It mentions the significant market decline that followed tariff announcements, indicating that external factors can heavily influence market performance [1] - The author, Gary Alexander, has extensive experience in technology sectors, both on Wall Street and in Silicon Valley, which informs his insights into current industry trends [1] Group 2 - The article does not provide any specific company or stock recommendations, focusing instead on general market observations and investor behavior [2][3]
Life Time (LTH) - 2025 Q1 - Earnings Call Transcript
2025-05-08 15:02
Financial Data and Key Metrics Changes - Total revenue increased by 18.3% to $706 million, driven by a 17.9% increase in membership dues and enrollment fees and an 18.7% increase in in-center revenue [5][10] - Net income rose by 206% to $76.1 million, while adjusted net income increased by 189% to $88.1 million [10] - Adjusted EBITDA grew by 31.2% to $191.6 million, with an adjusted EBITDA margin of 27.1%, up 260 basis points year-over-year [10][11] - Net cash provided by operating activities increased by approximately 103% to $184 million compared to the same quarter last year [11] Business Line Data and Key Metrics Changes - Comparable center revenue increased by 12.9%, up from 11.1% in the prior year period, attributed to higher membership dues and strong performance in in-center businesses [6][10] - Average monthly dues grew by 11.8% year-over-year to $208, with average revenue per center membership increasing by 13.3% to $844 [9][10] - Memberships increased by 3% year-over-year, ending the quarter with over 826,000 memberships, and total memberships, including on-hold memberships, reached approximately 880,000 [8][9] Market Data and Key Metrics Changes - The company continues to see strong revenue growth in clubs opened within the last twelve months, which are outperforming anticipated revenue plans [5] - Visits in comparable centers increased by 4.7% compared to the first quarter of last year, indicating higher member engagement [14] Company Strategy and Development Direction - The company raised its guidance for comparable center revenue growth to between 8.5% and 9.5% for the full year, reflecting confidence in long-term revenue growth targets [8][10] - The focus remains on maintaining a strong balance sheet and positive free cash flow while growing the business, with plans to open 10 to 12 clubs per year [14][15] - The company is also expanding into three additional growth areas, including LT Digital, which has over 2 million subscribers, and Miura [15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the strong performance in the first quarter but acknowledged macroeconomic uncertainties, leading to a modest increase in revenue and adjusted EBITDA guidance [13][14] - The company is monitoring customer behavior closely, noting that while retention rates are high, new member sign-ups may be slightly softer due to economic conditions [41][62] Other Important Information - The company has signed a letter of intent for a sale-leaseback of three properties for approximately $150 million, expected to close in the second quarter [11] - Management indicated that tariff exposure is minimal, with no significant impact expected from current tariff policies [12][45] Q&A Session Summary Question: How broad now how many clubs have wait lists? - Management confirmed that many clubs are using waitlists to manage capacity and ensure member experience, focusing on full dues-paying customers [18][20] Question: What's the organization's capacity to open more clubs? - Management stated that while they plan to open 10 to 12 clubs, they have the capacity to do more if economic conditions allow [24][26] Question: How is pricing strategy evolving? - Management confirmed that no significant legacy price increases were taken in Q1, with plans to implement them in Q2 [31][34] Question: How is member activity as the pool season approaches? - Management indicated it is too early to assess member activity for the pool season, but in-center performance remains strong [37] Question: What is the impact of macroeconomic conditions on membership? - Management noted that while there is some customer hesitance in joining, it is a small part of the overall business and retention remains strong [42][64] Question: How is LT Health performing? - Management reported significant growth in LT Health, with a 40% month-over-month increase in March, and plans for continued expansion [87][90]
Life Time (LTH) - 2025 Q1 - Earnings Call Transcript
2025-05-08 15:00
Financial Data and Key Metrics Changes - Total revenue increased by 18.3% to $706 million, driven by a 17.9% increase in membership dues and enrollment fees and an 18.7% increase in in-center revenue [4][8] - Net income rose by 206% to $76.1 million, while adjusted net income increased by 189% to $88.1 million [8] - Adjusted EBITDA grew by 31.2% to $191.6 million, with an adjusted EBITDA margin of 27.1%, up 260 basis points year-over-year [9] - Net cash provided by operating activities increased approximately 103% to $184 million compared to the prior year [10] Business Line Data and Key Metrics Changes - Comparable center revenue increased by 12.9%, up from 11.1% in the prior year period, attributed to higher membership dues and strong performance in in-center businesses [5][6] - Average monthly dues grew by 11.8% year-over-year to $208, and average revenue per center membership increased by 13.3% to $844 [7][8] - Center memberships increased by 3% year-over-year, totaling over 826,000, with total memberships reaching approximately 880,000 when including on-hold memberships [6][7] Market Data and Key Metrics Changes - Visits in comparable centers increased by 4.7% compared to the first quarter of the previous year, indicating strong member engagement [12] - The company is focused on premium markets with strong demand and higher dues rates, which is reflected in the membership growth strategy [7][14] Company Strategy and Development Direction - The company aims to maintain a strong balance sheet and positive free cash flow while growing the business, with plans to open 10 to 12 clubs per year [12][13] - The strategy includes focusing on member experience and attracting higher revenue memberships, with a robust pipeline for club growth [13][14] - The company is also expanding into digital health and wellness through LT Digital and LT Health initiatives, with significant growth expected in these areas [14][88] Management's Comments on Operating Environment and Future Outlook - Management raised revenue and adjusted EBITDA guidance modestly due to macroeconomic uncertainties, emphasizing the importance of maintaining a strong balance sheet [12][14] - The company is monitoring customer behavior closely, noting that while retention rates are high, new member sign-ups may be slightly softer due to economic conditions [41][60] - Management expressed confidence in navigating both robust and challenging economic conditions, leveraging a strong financial position to capitalize on opportunities [25][56] Other Important Information - The company has signed a letter of intent for a sale-leaseback of three properties for approximately $150 million, expected to close in the second quarter [10] - The company does not anticipate significant impacts from tariffs on its operations, having assessed exposure in key areas [11][43] Q&A Session Summary Question: How many clubs have wait lists and what is the strategy around that? - Management indicated that many clubs are using waitlists to manage capacity and ensure a quality member experience, focusing on full dues-paying customers [20][21] Question: What is the capacity to open more clubs beyond the planned 10 to 12? - Management stated that while 10 to 12 clubs is the target for 2025, there is potential to exceed that number if economic conditions allow [25][26] Question: How does the company view pricing strategies for legacy members? - Management confirmed that no significant legacy price increases were implemented in Q1, with plans to roll out increases in the following quarters [31][33] Question: How is the company addressing potential impacts from tariffs? - Management noted minimal exposure to tariffs, with most equipment sourced from Italy and Sweden, and ongoing efforts to mitigate any potential impacts [48][49] Question: How is LT Health performing and what are the growth expectations? - Management reported significant month-over-month growth in LT Health and emphasized the goal of establishing it as a trusted nutritional brand [86][88]
Life Time Group Holdings, Inc. (LTH) Tops Q1 Earnings and Revenue Estimates
ZACKS· 2025-05-08 12:55
Life Time Group Holdings, Inc. (LTH) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.15 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 44.44%. A quarter ago, it was expected that this company would post earnings of $0.24 per share when it actually produced earnings of $0.27, delivering a surprise of 12.50%.Over the last four quarters ...
Life Time (LTH) - 2025 Q1 - Quarterly Report
2025-05-08 11:01
Revenue Growth - Total Center revenue increased to $685.7 million for the three months ended March 31, 2025, compared to $580.5 million for the same period in 2024, representing an 18.1% growth[66] - Total revenue for Q1 2025 reached $685,654,000, up 18.1% from $580,485,000 in Q1 2024[80] - Total revenue increased by $109.3 million to $706.0 million for the three months ended March 31, 2025, compared to $596.7 million for the same period in 2024[94] Membership and Engagement - Center memberships increased to 826,374 in Q1 2025 from 802,010 in Q1 2024, representing a growth of 3.4%[80] - Average revenue per center membership rose to $844 for the three months ended March 31, 2025, up from $745 for the same period in 2024, indicating a 13.3% increase[64] - Membership dues and enrollment fees accounted for 73.2% of total revenue in Q1 2025, slightly down from 73.3% in Q1 2024[80] - Membership dues and enrollment fees accounted for 72.5% of total revenue, increasing by $76.2 million, with memberships growing to 826,374 from 802,010[96] Financial Performance - Net income surged to $76,142,000 in Q1 2025, compared to $24,917,000 in Q1 2024, reflecting a net income margin increase to 10.8% from 4.2%[80][81] - Adjusted EBITDA for Q1 2025 was $191,588,000, a 31.1% increase from $145,977,000 in Q1 2024, with an adjusted EBITDA margin of 27.1%[80][85] - Free cash flow improved to $41,374,000 in Q1 2025, contrasting with a negative free cash flow of $(66,394,000) in Q1 2024[80][86] - Operating expenses totaled $598.4 million, up $73.7 million, with center operations expenses increasing by $49.1 million due to new centers and membership growth[97] Strategic Initiatives - The company has launched new strategic initiatives, including pickleball and Dynamic Personal Training, which have driven increased engagement and membership[67] - Life Time Work and Life Time Living locations, which are asset-light models, have expanded to 15 and 4 locations respectively as of March 31, 2025, generating interest from property developers[69] - The digital platform offers an integrated experience with live streaming fitness classes and a digital health store, enhancing member engagement[67] Expansion Plans - The company plans to open 10 to 12 new locations on average per year, targeting affluent markets to enhance revenue per membership and returns on invested capital[66] - As of March 31, 2025, there were 28 centers open for less than three years and 13 new centers under construction, with significant capital expenditures already invested[66] - The company opened one new center in Q1 2025, bringing the total number of centers to 180, up from 172 in Q1 2024[80][82] Cash Flow and Capital Expenditures - Net cash provided by operating activities increased by $93.4 million to $183.9 million, primarily due to improved business performance[108] - Total capital expenditures decreased to $142.5 million from $156.8 million, with growth capital expenditures at $93.5 million[110] - As of March 31, 2025, total cash and cash equivalents were $59.0 million, with total availability under the Revolving Credit Facility at $678.2 million[107] Economic Factors - The company continues to monitor macroeconomic factors, including inflation and interest rates, but has experienced revenue growth and expanded operating margins despite uncertainties[70] - The effective tax rate was 7.8% for the three months ended March 31, 2025, down from 28.5% in the same period in 2024[102]
Life Time (LTH) - 2025 Q1 - Quarterly Results
2025-05-08 10:53
Exhibit 99.1 FOR IMMEDIATE RELEASE Life Time Reports First Quarter 2025 Financial Results CHANHASSEN, Minn. (May 8, 2025) – Life Time Group Holdings, Inc. ("Life Time," "we," "our," "us," or the "Company") (NYSE: LTH) today announced its financial results for the fiscal first quarter ended March 31, 2025. Bahram Akradi, Founder, Chairman and CEO, stated: "We continue to see increased member engagement, with visits and revenue per membership at new highs. The desirability of the Life Time brand is evident in ...
Life Time Reports First Quarter 2025 Financial Results
Prnewswire· 2025-05-08 10:45
Core Insights - Life Time Group Holdings, Inc. reported strong financial results for the fiscal first quarter ended March 31, 2025, with total revenue reaching $706.0 million, an increase of 18.3% compared to the prior year quarter [3][6][7] - The company experienced significant growth in net income, which increased by 205.6% to $76.1 million, and adjusted net income rose by 188.9% to $88.1 million [3][6][13] - Life Time's balance sheet remains robust, with a net debt leverage ratio improved to 2.0 times, down from 3.6 times a year earlier, and total available liquidity of $678.2 million [14][6] Financial Performance - Total revenue for the first quarter of 2025 was $706.0 million, up from $596.7 million in the same quarter of 2024, driven by increased membership dues and in-center revenue [3][6][7] - Net income surged to $76.1 million from $24.9 million year-over-year, while adjusted EBITDA increased by 31.2% to $191.6 million [3][6][13] - Average center revenue per center membership rose by 13.3% to $844, reflecting higher member engagement and utilization [3][7] Membership and Engagement - Center memberships increased by 3.0% year-over-year, totaling 826,374 as of March 31, 2025, with total subscriptions, including on-hold memberships, rising by 3.1% to 879,751 [3][7][32] - The company reported higher visits per membership, indicating strong member engagement and satisfaction [7][2] Capital Expenditures and Growth Initiatives - Capital expenditures for the first quarter totaled $142.5 million, a decrease of 9.1% from the previous year, with growth capital expenditures at $93.5 million [10][13] - Life Time opened one new center during the quarter, bringing the total to 180 centers, and plans to remodel three recently acquired properties [13][6] 2025 Outlook - The company raised its full-year 2025 guidance, projecting revenue between $2,940 million and $2,980 million, representing a 12.9% increase from the previous year [15][17] - Adjusted EBITDA is expected to grow significantly, driven primarily by dues revenue growth and expanded operating leverage [17][15]
Lithium Ionic Reports Updated Mineral Resource Estimate at its Bandeira Lithium Project, Minas Gerais, Brazil; Significantly Increases Global Mineral Resources in the Lithium Valley
Globenewswire· 2025-05-06 11:00
TORONTO, May 06, 2025 (GLOBE NEWSWIRE) -- Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) (“Lithium Ionic” or the “Company”) is pleased to announce an updated mineral resource estimate (“MRE”) for its 100%-owned Bandeira Lithium Project (“Bandeira” or the “Project”) located in Minas Gerais, Brazil. Bandeira is the Company’s flagship property, located in Brazil’s “Lithium Valley”, a rapidly emerging hard rock lithium district renowned for its significant concentration of lithium-bearing pegmatites. P ...
These 5 Buy-Ranked Mid-Cap Stocks Are Flying High Year to Date
ZACKS· 2025-04-30 13:26
Market Overview - Wall Street has experienced significant volatility in 2025, with all three major stock indexes (Dow, S&P 500, Nasdaq Composite) in negative territory year to date [1] - Small-cap benchmarks (Russell 2000, S&P 600) and mid-cap-specific S&P 400 Index are also in the red year to date [1] High-Performing Mid-Cap Stocks - Despite market headwinds, five mid-cap stocks have provided over 25% returns year to date: ADMA Biologics Inc. (ADMA), FirstCash Holdings Inc. (FCFS), Stride Inc. (LRN), Life Time Group Holdings Inc. (LTH), and National Fuel Gas Co. (NFG) [2] - These stocks exhibit strong revenue and earnings growth potential for 2025, with positive earnings estimate revisions over the last 60 days [3] ADMA Biologics Inc. - ADMA Biologics specializes in plasma-based biologics for treating and preventing infectious diseases, targeting immune-compromised individuals [7][8] - Expected revenue growth rate is 16.3% and earnings growth rate is 44.9% for the current year, with a 2.9% improvement in earnings estimates over the last 60 days [9] FirstCash Holdings Inc. - FirstCash operates retail pawn stores across the U.S., Mexico, and Latin America, providing loans against personal property and retailing forfeited merchandise [10][11] - Expected revenue growth rate is 0.2% and earnings growth rate is 17.2% for the current year, with a 2.6% improvement in earnings estimates over the last seven days [13] Stride Inc. - Stride is a technology-based education service company offering online curriculum and educational services [14] - Expected revenue growth rate is 14.9% and earnings growth rate is 48.4% for the current year, with a 4.3% improvement in earnings estimates over the last 30 days [16] Life Time Group Holdings Inc. - Life Time provides health, fitness, and wellness experiences, operating various fitness and recreation centers [17][18] - Expected revenue growth rate is 12.9% and earnings growth rate is 37.9% for the current year, with a 6.5% improvement in earnings estimates over the last 60 days [19] National Fuel Gas Co. - National Fuel Gas focuses on systematic investments to strengthen operations and reduce emissions, with significant capital investments planned [20][21] - Expected revenue growth rate is 31.5% and earnings growth rate is 39.1% for the current year, with a 1.9% improvement in earnings estimates over the last 60 days [22][23]