$LTH Q1 Earnings: The money printer keeps on printing

Total revenue of $788.7 million increased 11.7% over the prior year quarter

Net income of $88.1 million increased 15.8% over the prior year quarter

Diluted EPS of $0.39 increased 14.7% over the prior year quarter

Adjusted net income of $96.2 million increased 27.4% over the prior year quarter

Adjusted EBITDA of $226.7 million increased 18.3% over the prior year quarter

Adjusted diluted EPS of $0.42 increased 23.5% over the prior year quarter

Raised 2026 outlook

https://finance.yahoo.com/markets/stocks/articles/life-time-reports-first-quarter-104500462.html

Life Time just posted strong Q1 results: revenue up 11.7 percent to 789 million dollars, adjusted EBITDA up 18 percent to 227 million dollars, net income up 16 percent to 88 million dollars, and they beat EPS expectations. Same store sales rose 8.6 percent, average revenue per member jumped over 10 percent to 930 dollars, and memberships continue to grow as they focus more on higher paying members (less low margin insurance plans and more personal training). They raised full year guidance and remain on track to open 12 to 14 new large format clubs this year.

The standout factors are pricing power and strong demand. These are not average gyms. They are upscale athletic resorts with pools, courts, spas, and premium programming. In a classic K shaped economy, the top tier keeps getting wealthier and willingly pays for health, community, and experiences that feel like a country club. Life Time has waitlists at multiple upcoming locations and for their high end offerings because affluent members see this as a non negotiable lifestyle spend rather than a discretionary gym membership.

The business is also defensive. It is purely domestic with a US and Canada focus and no messy international supply chains or war exposure. Unlike many tech or consumer names that could face disruption from AI, this is inherently human and physical: trainers, classes, racquet sports, and social atmosphere. You cannot replicate the in person energy or the third place vibe with an app or chatbot.
Solid balance sheet, low leverage, and cash flow that supports aggressive yet disciplined growth. It feels like one of the cleaner ways to play the bifurcation where the upper end of the economy keeps expanding while the rest stagnates. Not claiming it will 10x overnight, but the momentum and insulation look real. DYOR.