Life Time Fitness (LTM) Tops Q4 EPS by 2c

Life Time Fitness (NYSE: LTM) reported Q4 EPS of $0.71, $0.02 better than the analyst estimate of $0.69. Revenue for the quarter came in at $315.3 million versus the consensus estimate of $315.44 million.

Life Time Fitness sees FY2015 EPS of $3.15-$3.35, versus the consensus of $3.33. Life Time Fitness sees FY2015 revenue of $1.39-1.415 billion, versus the consensus of $1.4 billion.

“Our core focus in 2014 was on reducing membership attrition rates and I am pleased with the progress we achieved via our connectivity and engagement initiatives,” said Bahram Akradi, chairman, president and chief executive officer. “For the quarter and full year, we also saw steady growth in our revenue, including dues and in-center revenue. Additionally, we experienced the second straight quarter of sequential improvement in our same-center sales metrics, which we expect to be positive in 2015, along with growth in membership levels. We are off to a good start this year and look forward to continuing our improvement across these metrics. As always, we remain focused on delivering an unparalleled Healthy Way of Life experience to our members, while driving shareholder value.”

As previously announced, the Company’s board of directors continues to review strategic alternatives, including the exploration of a conversion of real estate assets into a Real Estate Investment Trust (REIT), which the Board believes could provide substantial benefits to the Company and its shareholders. The Company is unable to comment further at this time but expects to provide shareholders with additional information, as appropriate.

For earnings history and earnings-related data on Life Time Fitness (LTM) click here.

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