Upcoming clinics are scheduled at: Life Time, which operates more than 500 indoor and outdoor pools nationwide, is teaming up with world- renowned swimmer, current World Record Holder, and 12-time Olympic Medalist, Ryan Lochte, to offer a series of swim clinics across several of its athletic country clubs. Life Time, which operates more than 500 indoor and outdoor pools nationwide, is teaming up with world- renowned swimmer, current World Record Holder, and 12-time Olympic Medalist, Ryan Lochte, to offer a ...

Powered by AzureOpenAI Service from Microsoft and now rolling out to beta users in the Life Time app, L.AI.C intuitively serves up club, programming and services information on demand with personalized workouts, classes and product recommendations coming soon CHANHASSEN, Minn., May 28, 2024 /PRNewswire/ -- Life Time (NYSE: LTH) today announced the launch of L.AI.C ("lay-see"), the first generative, AI-driven Healthy Way of Life personal companion for its members. Now rolling out in beta via the Life Time me ...

Enjoy a safe, entertaining summer with these essential swim safety tips CHANHASSEN, Minn., May 22, 2024 /PRNewswire/ -- Whether enjoying your favorite pool, lake or river this summer, a safety-first mentality is where it begins. Life Time (NYSE: LTH), offers several safety tips, including the most important 25:10 rule. This means if a child can't swim a standard 25-meter pool length without stopping, a parent or guardian must always be within 10 feet and, preferably, be right in the water with them. Life Ti ...

CHANHASSEN, Minn., May 21, 2024 /PRNewswire/ -- Life Time Group Holdings, Inc. (NYSE: LTH) today announced the webcast information for its Investor and Analyst Day taking place on Thursday, May 30, 2024. As shared during its first quarter financial results call on May 1, 2024, Life Time will host the Investor and Analyst Day at its Corporate Office in Chanhassen, Minnesota. The Life Time leadership team will present on a range of topics of interest for the investor community, including an overview of the Co ...

Foundation grants $1 million to restore threatened whitebark pine in western U.S. Specific projects supported by the grant include efforts to directly plant seeds in Yellowstone, Glacier and Grand Teton National Parks, as well as collect and test cones for disease resistance in Sequoia and Kings Canyon National Parks. Additionally, the funds will help strengthen the reforestation supply chain by supporting nurseries and training experts, as well as advance work to sequence the genome of the whitebark pine a ...

App delivers all things health, fitness, nutrition and wellness, including the best classes taught by top performers and wealth of award-winning content, supporting millions more people CHANHASSEN, Minn., May 16, 2024 /PRNewswire/ -- Just as Life Time (NYSE: LTH) continues to add to its portfolio of athletic country clubs across the nation – now totaling more than 170 across 31 states and 43 major markets including Toronto – the company is taking its commitment to inspire healthy, happy lives one step furth ...

This goes down as one of the most exciting days for Life Time in New York City since our Life Time Sky opening in 2016. Post this "This easily goes down as one of the most exciting days for Life Time in New York City since our Life Time Sky opening in 2016," said Bahram Akradi, Life Time Founder, Chairman and CEO. "As an avid tennis and pickleball fan and player myself, seeing these world-class athletes all together, and creating a memorable experience for our members, was an incredible way to celebrate ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (State or other jurisdiction of incorporation or organization) Delaware 47-3481985 (I.R.S. Employer Identification No.) 2902 Corporate Place Chanhassen, Minnesota 55317 (952) 947-0000 (Address of principal executive offices, including zip code; Registrant's telephone number, including area code) For the quarte ...

lululemon becomes an official apparel partner of Life Time Tennis and PickleballCHANHASSEN, Minn., May 7, 2024 /PRNewswire/ -- As pickleball remains the fasting growing sport for the third year in a row, 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 new collaboration came to life on May 4th at a major pickleball event at Life Time PENN 1, one of Life Time's newest luxury athletic clu ...

Financial Data and Key Metrics Changes - Adjusted net income for Q1 2024 was $30.5 million, an increase of $7.3 million compared to Q1 2023 [47] - Adjusted EBITDA increased by 21.6% to $146 million, with an adjusted EBITDA margin of 24.5%, up 100 basis points from Q1 2023 [47][54] - Total revenue for Q1 2024 increased by 16.8% to $596.7 million, driven by a 19% increase in membership dues and enrollment fees [70] Business Line Data and Key Metrics Changes - Access memberships increased by 5% to over 802,000, with total memberships reaching approximately 853,000 [50] - Average monthly dues rose to $186, a 12.7% increase from the previous year [50] Market Data and Key Metrics Changes - The company reported a reduction in net debt to adjusted EBITDA leverage to 3.6 times, down from 5.2 times in the prior year [72] - Net cash provided by operating activities increased by 21.7% to $90.4 million compared to Q1 2023 [51] Company Strategy and Development Direction - The company is focused on growing revenue and adjusted EBITDA, with a revised revenue guidance of $2.5 billion to $2.53 billion and adjusted EBITDA guidance of $603 million to $618 million for the year [56] - The company aims to maintain a balanced approach to membership pricing and retention, with a focus on delivering high-quality member experiences [25][39] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the business's health, noting record retention rates and strong engagement in personal training [10][39] - The company anticipates continued growth in cash flow and plans to reduce net debt leverage ratio below three times by the end of the year [57] Other Important Information - The company is planning an Investor and Analyst Day on May 30 to discuss key milestones and investor topics [2] - Management emphasized the importance of not overestimating future membership growth based on current performance [7] Q&A Session Summary Question: What is the outlook for membership growth and pricing? - Management indicated that membership pull forward into Q1 was a factor, and they are cautious about future growth expectations [6][9] Question: How are operating expenses trending? - Management acknowledged a slight increase in operating expenses but noted that it was anticipated and part of their strategic plan [13][14] Question: What is the company's approach to new club openings? - Management stated that new clubs are expected to generate higher revenue per square foot, despite increased construction costs [22][23] Question: How is the company addressing debt and balance sheet management? - Management is actively working on plans to address upcoming debt due in early 2026 and expects to improve interest rates for future financing [92][93] Question: What are the early performance metrics for recent club launches? - Management reported record-breaking numbers for new clubs, achieving positive contribution margins faster than in previous years [110]