Jess Selin Wong's questions to Life Time Group Holdings Inc (LTH) leadership • Q4 2024
Question
Jess Selin Wong from Evercore asked if year-to-date comparable sales have accelerated and what factors are included in the forecast for comps to decelerate to the 7-8% full-year guidance. She also inquired about the drivers of growth in the "Other revenues" line item.
Answer
Executive Erik Weaver confirmed strong year-to-date trends but noted the full-year guidance reflects lapping significant dues initiatives from the prior year. CEO Bahram Akradi added that the guidance is conservative. Weaver explained that "Other revenues," which includes Life Time Living, Work, and athletic events, can be lumpy, and they have penciled in 5-6% growth.