Planet Fitness Rival Life Time Breaks Out On Bulked-Up Outlook

Health and FitnessHealth and Fitness

Fri, January 17, 2025

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Planet Fitness Rival Life Time Breaks Out On Bulked-Up Outlook

^{Published on 2025-01-17 01:03:18 - MSN}

Life Time broke out Thursday on its preliminary Q4 results, 2025 outlook. Planet Fitness scored a breakout earlier this week.

Life Time Group Holdings, a competitor to Planet Fitness, has seen its stock surge by 27% following an optimistic outlook for 2024. The company, which operates high-end fitness centers, reported a significant increase in membership, with a 10% rise in member visits in the first quarter. This growth is attributed to Life Time's focus on luxury amenities and personalized fitness experiences, setting it apart from more budget-oriented gyms like Planet Fitness. The company's CEO, Bahram Akradi, highlighted the strategy of enhancing member experiences through investments in facilities and services, which has not only retained current members but also attracted new ones. Life Time also raised its full-year revenue and adjusted EBITDA forecasts, reflecting strong consumer demand for premium fitness options. This positive outlook and performance have led analysts to upgrade their ratings on Life Time's stock, citing its potential for continued growth in the competitive fitness market.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/planet-fitness-rival-life-time-breaks-out-on-bulked-up-outlook/ar-AA1xjAo6 ]

N@N

Planet Fitness Rival Life Time Breaks Out On Bulked-Up Outlook