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WW International, Inc. (NASDAQ: WW), widely known as WeightWatchers, is a renowned leader in the health and wellness industry. The company is dedicated to helping individuals achieve their weight loss goals and sustain a healthier lifestyle through scientifically-backed programs. With a strong focus on behavior change and weight management, WW offers a comprehensive suite of solutions, including in-person workshops, digital tools, and personalized coaching.
WW’s digital platform features an array of tools such as food, water, and activity trackers, along with content on behavioral techniques to build healthy habits. Members also have access to 24/7 expert chat support and over 700 meeting locations across the country, ensuring they receive the guidance needed to stay on track. For those who medically qualify, WW provides access to clinicians who can prescribe weight management medications.
Recent achievements include the launch of the WeightWatchers GLP-1 Program, developed by a team of obesity specialists, clinicians, behavior-change scientists, dietitians, and fitness experts. This program supports members on GLP-1 medications by helping them build and maintain healthy habits while ensuring adequate nutrition and hydration. The WeightWatchers Clinic, now integrated within the WeightWatchers App, offers seamless access to clinical interventions for eligible members in the U.S.
WW generates the majority of its revenue from subscription services, with North America being the primary market. The company's diverse program offerings, such as the Points Program and the Diabetes Program, cater to various needs, ensuring personalized support for all members. WeightWatchers also collaborates with businesses through WeightWatchers for Business, providing employers and health plans with behavior change programs and clinical care access.
WW International continues to focus on expanding its services and enhancing member experiences, guided by a commitment to improve the global health landscape. The company’s proven, science-based approach has inspired millions over the past six decades, solidifying its position as a trusted partner in weight health management.
WW International, Inc. (NASDAQ: WW) plans to release its third quarter 2020 results after market close on October 29, 2020. A conference call will be held at 5:00 p.m. ET the same day, featuring Mindy Grossman, Nicholas Hotchkin, and Amy O’Keefe discussing the results and answering investor questions. The live webcast will be hosted on the Company’s corporate website, along with supplemental materials for investors. A replay of the call will be available for 90 days.
WW International, Inc. (NASDAQ: WW) announced an expansion of its partnership with Zoom Video Communications, launching two new offerings: OnZoom and Zapps. Revealed at Zoomtopia from October 14-15, 2020, these platforms aim to enhance user wellness through behavior change strategies. WW will create an app for Zapps that sends reminders for health practices and provides wellness content. Additionally, OnZoom will host events such as 'WWeekend with WW' to promote healthy habits. This collaboration leverages WW’s expertise in wellness to address increasing sedentary lifestyles.
WW International, Inc. (NASDAQ: WW) has appointed Grammy Award-winning artist Ciara as its new global ambassador. Ciara will share her wellness journey as a mother of three, aiming to inspire others to adopt healthier lifestyles. Her partnership emphasizes the importance of self-care and balanced nutrition, especially during challenging times. The WW program, known for its scientifically backed approach to weight management, continues to rank as a leading choice for weight loss according to U.S. News & World Report. Ciara's involvement is expected to enhance WW's outreach and community engagement.
WW International (Nasdaq: WW), a global wellness company, announced its participation in two upcoming virtual investor conferences. The Citi U.S. Consumer & Retail Virtual Symposium is scheduled for September 23, 2020, at 4:15 PM ET, featuring presentations by CEO Mindy Grossman and CFO Nick Hotchkin. Additionally, the Jefferies Virtual Fitness & Wellness Summit will take place on September 24, 2020, at 1:05 PM ET, with Chief Digital Officer Michael Lysaght presenting. Live webcasts will be accessible on the company's corporate website.
WW International, Inc. (NASDAQ: WW) has announced the launch of its ready-to-drink coffee, now available online and in WW Studios. Initial offerings include Café Latte and Mocha Latte, each with only 3 SmartPoints per serving, significantly lower than the market average. Each can contains 11g of protein, fiber, and is sweetened with 100% cane sugar, made without artificial ingredients. This product aligns with rising consumer demand for convenient, healthier beverage options, reflecting WW's commitment to wellness.
WW International (Nasdaq: WW), a leading wellness company, has announced its participation in the KeyBanc Capital Markets' Future of Technology Series on September 8, 2020, at 11:20 a.m. ET. The presentation will be made by President and CEO Mindy Grossman and CFO Nick Hotchkin. Investors can access the live audio webcast on the Company’s website under the Investors section. An archive of the presentation will be available for 30 days after the event.
WW focuses on promoting healthy habits through effective weight management programs.
WW International (NASDAQ: WW) has partnered with Amazon for the launch of Amazon Halo, a health and wellness membership service. This collaboration aims to provide wellness insights through innovative technology and features like the Body measurement tool for assessing body composition at home. Amazon Halo will also offer 'Labs', challenges that encourage healthy habits. Both companies are committed to enhancing user access to wellness information. The partnership showcases WW's dedication to integrating behavioral science with technology to support healthier lifestyles.
WW International, Inc. (NASDAQ: WW) announces the appointment of Amy O'Keefe as Chief Financial Officer, starting October 1, 2020. She replaces Nicholas Hotchkin, who has been promoted to Chief Operating Officer. O'Keefe has over 25 years of financial experience and previously served as CFO at Drive DeVilbiss Healthcare. Hotchkin, with nearly 30 years in finance and operations, will oversee global strategy and WW Health Solutions. Both executives join the leadership team reporting to Mindy Grossman, the President and CEO.
WW International reported Q2 2020 results with a record subscriber base of 5.0 million, an 8.6% increase year-over-year. Digital subscribers surged 23.2%, but total revenues fell to $333.6 million, a 9.6% decrease, driven by studio closures amid COVID-19. Adjusted gross margin reached 60.3%, while operating income dropped 51.7% to $51.0 million. Net income fell 74% to $14.0 million, translating to an EPS of $0.20. The company is on track with a $100 million cost-savings initiative, and maintains strong liquidity with $150.4 million in cash.
WW International (NASDAQ: WW) has announced that WW Health Solutions will be integrated into CVS Health's Point Solutions Management offering. This collaboration aims to enhance employee wellness through accessible digital weight management solutions. Employers using CVS Caremark can simplify benefits integration, providing their members with tools to promote healthier lifestyles. The WW app offers features like nutrition guidance, expert coaching, and fitness resources. WW's commitment to health aligns with CVS's focus on innovative health solutions, especially crucial during the COVID-19 pandemic.
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