Life Time Group Holdings Q1: Strong Revenue Growth & Positive Outlook

Life Time Group Holdings Q1 earnings show a solid performance, with total revenue up 11.7% to $789 million, driven by higher dues and strong in-center usage. Comparable center revenue rose 8.6%, boosted by better membership mix, pricing, and in-center sales. They ended with 838,000 center memberships, up 1.4%. The company is improving its membership mix by reducing low-dues qualified medical memberships, leading to a 15,000 drop but a 27,000 increase in other types. Average monthly dues hit $230, up 10.5% year-over-year. Life Time has opened five of fourteen planned clubs this year and has nine more under construction. Execs are optimistic, with no macro headwinds and strong demand for new clubs. Adjusted EBITDA jumped 18.3% to $227 million, with net income rising 15.8% to $88 million. Capex hit $260 million, but sale-leasebacks brought in $200 million in April alone. Looking ahead, expect 10-12% revenue growth each quarter, with membership upticks accelerating later in the year. The company is well-positioned for low double-digit growth across the board. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/dafd1dcb83279eae