Life Time Group reports Q1 adjusted EPS 42c, consensus 38c

Reports Q1 revenue $788.7M, consensus $787.24M. Reports Q1 comparable center revenue up 8.6%. Bahram Akradi, founder, chairman and CEO, stated: “Our first quarter results reflect strong execution and continued momentum across our business. Our growth strategy remains on track. We are on schedule to open this year’s planned 12 to 14 new clubs, which are predominantly large-format, ground-up athletic country clubs. Membership engagement continues to rise, our membership mix is improving, and in-center performance remains robust. Supported by a solid balance sheet, low leverage, and strong cash generation, we are well positioned for continued growth.”