Brief: Life Time Sees 2023 Revenue In Range $2.2 Bln-$2.3 Bln

Life Time group

09/01/2023 12:56

Jan 9 (Reuters) - Life Time Group Holdings Inc  LTH.N :
    * LIFE TIME REPORTS PRELIMINARY FINANCIAL RESULTS FOR FOURTH
QUARTER AND FULL-YEAR FISCAL 2022 AND INTRODUCES FISCAL 2023
GUIDANCE
    * : Q4 2022 REVENUE IS ANTICIPATED TO BE WITHIN MIDPOINT OF
OUR
NOVEMBER 9, 2022, GUIDANCE
    * SEES 2023 REVENUE $2.2 BILLION - $2.3 BILLION
    * : TOTAL COMPARABLE CENTER SALES ARE EXPECTED TO INCREASE
26
PERCENT IN QUARTER
    * LIFE TIME GROUP HOLDINGS : NET INCOME AND ADJUSTED EBITDA
ANTICIPATED TO BE BETTER THAN NOVEMBER 9, 2022, GUIDANCE FOR
BOTH Q4 AND FULL FISCAL YEAR
    * SEES  2023 ADJUSTED EBITDA $430 MILLION - $450 MILLION
    * TOTAL NET CENTER MEMBERSHIPS ARE EXPECTED TO DECLINE
APPROXIMATELY 3,500 IN Q4
    * FY2023 REVENUE VIEW $2.24 BILLION -- REFINITIV IBES DATA
    * Q4 REVENUE VIEW $478.9 MILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nPn9gklN5a 
Further company coverage:  LTH.N 
 ((Reuters.Briefs@thomsonreuters.com;))