Life Time Group Holdings Inc (N:LTH)
Business Focus: Gyms, Fitness and Spa Centers
| Sector: Consumer Cyclicals | Industry: Leisure & Recreation |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 2092 Corporate Place CHANHASSEN MN 19801 |
| Tel: | 1-952-4062322 |
| Website: | https://ir.lifetime.life |
| IR: | See website |
| Key People | ||
| Bahram Akradi Chairman of the Board, Chief Executive Officer, Founder, Director | Erik Weaver Interim Chief Financial Officer, Senior Vice President, Controller | Parham Javaheri President - Club Operations |
| Eric J. Buss Executive Vice President, Chief Administrative Officer | R J Singh Executive Vice President, Chief Digital Officer | |
| Business Overview |
| Life Time Group Holdings, Inc. is a holding company. It is a lifestyle brand providing health, fitness, and wellness experiences at its athletic country club destinations and through a digital platform and a portfolio of athletic events. It designs, builds, and operates its athletic country club destinations that are distinctive, multi-use sports and athletic, professional fitness, family recreation and spa centers in a resort-like environment. It offers fitness floors with equipment, spacious locker rooms, group fitness studios, indoor and outdoor pools and bistros, indoor and outdoor tennis courts, pickleball and basketball courts, LifeSpa, LifeCafe and its childcare and Kids Academy learning spaces. Its Life Time Digital features include live streaming fitness classes, remote goal-based personal training, nutrition and weight-loss support, curated health and fitness and wellness content. It has a portfolio of more than 170 athletic country clubs across the United States and Canada. |
| Financial Overview |
| For the three months ended 31 March 2024, Life Time Group Holdings Inc revenues increased 17% to $596.7M. Net income decreased 9% to $24.9M. Revenues reflect Center revenue increase of 17% to $580.5M, Other revenue increase of 24% to $16.2M. Net income was offset by Other operating expense increase from $2.1M to $15.7M (expense), General, administrative and marketing increase of 15% to $48.9M (expense), Rent increase of 9% to $72.3M (expense). |
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