By Dean Seal
Life Time Group Holdings gave its 2025 guidance a small lift after revenue beat analyst projections in the fourth quarter.
The operator of fitness and spa centers expects revenue to hit $2.93 billion to $2.98 billion this year, up from guidance for $2.91 billion and $2.97 billion that it provided last month. Analysts are currently forecasting $2.93 billion, according to FactSet.
The company also raised its 2025 profit guidance to a range of $277 million to $284 million, up from a previous outlook for $262 million to $269 million.
For the fourth quarter, Life Time posted a profit of $37.2 million, or 17 cents a share, compared with $23.7 million, or 12 cents a share, in the same quarter a year earlier.
Stripping out one-time items, adjusted earnings were 27 cents a share. Analysts polled by FactSet had been projecting 15 cents a share.
Revenue rose 19% to $663.3 million, topping estimates for $659 million, on growth in membership dues and in-center revenue.
Shares rose 6.5% to $33.67 in premarket trading.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
February 27, 2025 07:13 ET (12:13 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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