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Sep 30, 2022
Life Time Q3 2022 Earnings Report
Reported a revenue increase and progress on margin expansion.
Key Takeaways
Life Time Group Holdings reported a 28.9% increase in total revenue to $496.4 million for the third quarter of 2022, driven by a 25.6% increase in comparable center sales. The company's net income was $24.7 million, which included a tax-effected gain of $42.7 million from sale-leasebacks. They are projecting revenue for the fourth quarter ending December 31, 2022, to be in the range of $460 to $490 million.
Total revenue increased by 28.9% to $496.4 million.
Comparable center sales increased by 25.6%.
Center memberships totaled 728,729 on September 30, 2022, an increase of 9.0% year-over-year.
Net income was $24.7 million, including a $42.7 million gain from sale-leasebacks.
Revenue by Segment
Forward Guidance
For the fourth quarter ending December 31, 2022, the Company is projecting revenue, net loss, and Adjusted EBITDA to be in the ranges of $460 to $490 million, $(10) to $(2) million, and $80 to $90 million, respectively.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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