Life Time Group Holdings Inc. (NYSE: LTH) is boosting its earnings outlook for 2023 after recording a 30% increase in first-quarter revenue.
The Chanhassen, Minnesota-based chain of fitness clubs and coworking centers reported earnings of $27.5 million for the quarter, or 14 cents per share, compared to a loss of $38 million, or 20 cents per share, for the same period a year ago.
Revenue rose to $510.9 million, up 30% from $392.3 million in the year-ago quarter. Memberships climbed by 13% to…
