Life Time Group gains on higher Q2 revenue, FY EBITDA outlook raise

Life Time group

25/07/2023 14:11

** Shares of fitness centers and country clubs owner Life
Time Group  LTH.N  jump ~4% to $22.30 premarket 
    ** LTH posts 21.8% rise in Q2 revenue at $561.7 mln; raises
its annual adjusted EBITDA forecast 
    ** Also reports Q2 net income of $17 mln vs a loss of $2.3
mln reported a year earlier 
    ** Says memberships in Q2 rose by about 26,000 to 790,238
from Q1
    ** LTH tightens annual revenue guidance, now sees FY 2023
revenue between $2.24 bln and $2.27 bln, compared with $2.20 bln
to $2.30 bln estimated earlier
    ** Up to Monday's close, stock had gained ~80% YTD
    
    
    
    
    

 (Reporting by Deborah Sophia in Bengaluru)
 ((DeborahMary.Sophia@thomsonreuters.com))