Shares of Life Time Group Holdings, Inc. (LTH) surged 5.69% in pre-market trading on Thursday, as investors reacted positively to the company's stronger-than-expected second-quarter results and an improved full-year forecast.
The athletic club operator reported adjusted earnings per share of $0.48, handily beating the consensus estimate of $0.40. Quarterly revenue rose 13.7% year-over-year to $866 million, surpassing the $846.2 million analysts had projected. Net income climbed 40.6% to $101.4 million, while adjusted EBITDA came in at $246.5 million, also above expectations. The gains were fueled by increased average dues from a favorable membership mix and higher member utilization, particularly in Dynamic Personal Training.
Management also raised its 2026 guidance, now projecting total revenue between $3.35 billion and $3.375 billion, up from prior estimates. The company expects adjusted net income of $394 million to $402 million and plans to open 14 new centers this year, up from a previous target of 12 to 14. The combination of a top- and bottom-line beat along with an optimistic outlook provided a strong catalyst for the pre-market rally.