Life Time Group Hldgs Raises FY2025 Sales Guidance from $2.940B-$2.980B to $2.955B-$2.985B vs $2.975B Est

2025 Outlook

Full-Year 2025 Guidance

					Percent		Year Ending
	Year Ending		Year Ended		Change		December 31, 2025
	December 31, 2025		December 31, 2024		(Using		(Guidance as of
($ in millions)	(Guidance)		(Actual)		Midpoints)		May 8, 2025)
Revenue	$2,955 – $2,985		$2,621.0		13.3 %		$2,940 – $2,980
Net Income	$290 – $293		$156.2		86.6 %		$286 – $293
Adjusted EBITDA	$805 – $815		$676.8		19.7 %		$792 – $808
Rent	$337 – $343		$304.9		11.5 %		$337 – $347

The Company is also reiterating or updating the following operational and financial guidance for full-year fiscal 2025:

• Open 10 new centers.
• Manage our net debt leverage ratio to remain at or below 2.00 times.
• Comparable center revenue growth of 9.5% to 10.0%, increased from our previous expectations of 8.5% to 9.5%.
• Adjusted EBITDA growth driven primarily by dues revenue growth and expanded operating leverage.
• Rent to include non-cash rent expense of $34 million to $37 million, decreased from our previous expectations of $35 million to $38 million.
• Interest expense, net of interest income and capitalized interest, of approximately $80 million to $84 million.
• Provision for income tax rate estimate of 24%, increased from our previous expectations of 23%.
• Cash income tax expense of $25 million to $27 million, which compares to our previous expectation of $39 million to $41 million and reflects tax benefits of the One Big Beautiful Bill Act.
• Depreciation and amortization expense of $288 million to $294 million, tightened from our previous expectation of $286 million to $294 million.
• Complete $100 million in additional sale-leaseback transactions in the second half of the year, resulting in total gross proceeds of approximately $250 million for the year.