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Life Time Lifts Guidance As Q3 Beats Plan

November 9, 2022

Life Time Group Holdings, Inc. slightly lifted its outlook for the year after reporting third-quarter results that topped its guidance. Sales were ahead 28.9 percent as fitness center memberships were up 9.0 percent year-over-year.

Total revenue increased 28.9 percent to $496.4 million from $385.0 million;  net income was $24.7 million and included a tax-effected gain of $42.7 million from sale-leasebacks and $5.1 million in tax-effected non-cash share-based compensation expense. SGB