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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) will announce its first quarter 2023 results on May 4, 2023, after market close. A conference call will follow at 5:00 p.m. ET, featuring CEO Sima Sistani and Interim Principal Financial Officer Heather Stark discussing the results and responding to investor queries.
The call will be accessible via a live webcast on the Company's corporate website, with supplemental materials made available beforehand. A replay of the webcast will be accessible for approximately 90 days.
WW International (NASDAQ: WW) has successfully acquired Weekend Health, Inc., a telehealth platform focused on chronic weight management. This acquisition aims to enhance WW's capabilities by integrating medication management and clinical care, aligning with the company's strategy to expand its market presence. WW's CEO, Sima Sistani, emphasized the importance of integrating clinical interventions for individuals qualified for medication. This step is expected to provide sustainable, science-backed weight health solutions, acknowledging the advancements in chronic weight management medications.
WW International, Inc. (NASDAQ: WW) announced significant changes to its Board of Directors as part of the preparations for the 2023 Annual Meeting on May 9, 2023. Chairman Raymond Debbane and Director Jonas Fajgenbaum will not seek re-election. Thilo Semmelbauer, who has been a Board member since 2016, has been appointed as the new Chairman effective May 9, 2023. Debbane, in his statement, highlighted WW's evolution over 23 years and expressed confidence in Semmelbauer's leadership. Semmelbauer has extensive experience, including previous roles within WW and as Managing Director at Insight Partners.
WW International, Inc. (NASDAQ: WW) reported its fourth quarter and full year fiscal 2022 results, highlighting an operating loss of $50.8 million and $283.0 million for the quarter and year respectively. Revenues decreased to $223.9 million in Q4 2022, a decline of 18.8% year-over-year, primarily due to a 14.9% drop in subscribers, totaling 3.5 million. The company also announced the acquisition of Sequence, a digital health platform valued at $132 million. Adjusted operating income for Q4 was $24.2 million, down 55.8% year-over-year. The Q1 2023 revenue guidance stands at approximately $235 million, with a projected operating loss of $30 to $35 million.
WW International has announced its acquisition of Weekend Health, operating as Sequence, for $132 million in a cash and equity deal. This strategic move aims to integrate Sequence's telehealth platform, which focuses on chronic weight management, with WeightWatchers’ nutrition and behavior-change programs. Sequence has generated an annual revenue run-rate of approximately $25 million and serves around 24,000 members. The deal is set to close in Q2 2023, contingent on customary conditions. The acquisition is expected to enhance the company’s offerings in the weight management sector, leveraging both technology and clinical support.
WW International, known as WeightWatchers, announces its participation at the Morgan Stanley Technology, Media and Telecom Conference on March 8, 2023, at 11:00 am ET. CEO Sima Sistani will deliver the presentation. Investors can access the live audio webcast on the corporate website under the Investors section, with an archive available for 30 days. WeightWatchers focuses on helping individuals adopt healthy habits through its comprehensive weight management program, leveraging technology, tools, and expert coaching developed over nearly six decades.
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