Life Time Group Holdings Inc.
- Life Time Group Holdings Inc increased 2.0% to $17.83 after the fitness center chain operator reported a rebound in revenue.
Revenue in the fourth quarter increased 31.1% to $472.7 million and the company swung to net income of $13.7 million from a loss of $304.8 million and diluted earnings per share was 7 cents compared to a loss of $1.64 in the previous year.
Comparable center sales rose at a slower pace of 26% from 52% in the year ago and membership increased 11.7% to 725,206. Average monthly dues per center membership increased approximately 20% to $162.0.
In the full-year 2022, revenue increased 38.3% to $1.8 billion and net loss shrank to $1.8 million from $579.4 million and diluted loss per share fell to 1 cent from $3.73 a year ago.
Mar 9, 2023
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