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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) has announced it will release its 2022 fourth quarter and full year results after the market closes on March 6, 2023. A conference call is scheduled for 5:00 p.m. ET that same day, where CEO Sima Sistani and Interim Principal Financial Officer Heather Stark will discuss the results and address questions from investors. A live webcast of the call will be available on the company's corporate website, alongside supplemental investor materials. The webcast replay will remain accessible for approximately 90 days.
WW is recognized for its human-centric technology and leading weight management program, promoting healthy habits for nearly six decades.
WW International announced significant leadership changes, including the departure of Amy O'Keefe as Chief Financial Officer, effective December 2, 2022. Heather Stark will serve as interim Principal Financial Officer. Tiffany Stevenson has been appointed Chief People Officer, effective January 2023, while David Cohen has been named Chief Data Officer. CEO Sima Sistani expressed gratitude for O'Keefe's leadership and emphasized the appointment of Stevenson and Cohen as pivotal for the company's goal of becoming more tech-centric and optimizing for profitable growth.
WW International, Inc. (NASDAQ: WW) reported Q3 2022 results with revenues at $249.7 million, reflecting a 14.9% decline year-over-year. The company recorded an operating loss of $254.5 million, influenced by $312.7 million in non-cash intangible impairment charges. Q3 adjusted operating income was $61.9 million, down 30.0% year-over-year. The end of period subscribers decreased by 15.0% to 3.8 million. For FY 2022, revenue guidance has been revised to approximately $1.04 billion, and GAAP diluted net loss per share is expected between ($3.16) and ($3.21).
WW International, Inc. (NASDAQ: WW) will announce its third-quarter 2022 results on November 3, 2022, after market close. A conference call will follow at 5:00 p.m. ET, featuring CEO Sima Sistani and CFO Amy O’Keefe discussing the results and answering investor questions. The call can be accessed via the company's website, with supplemental materials available beforehand. The company emphasizes its commitment to supporting members in achieving healthy habits through its weight management program, leveraging nearly six decades of experience.
WW International reported Q2 2022 revenues of $269.5 million, down 13.5% year-over-year. The company had 4.3 million end-of-period subscribers, a 12.3% decline compared to the previous year. Operating income fell to $13.4 million, a 77.6% drop from Q2 2021. The company recorded non-cash impairment charges of $26.4 million and revised its full-year guidance to revenues between $1.05 billion and $1.09 billion. Despite these challenges, adjusted operating income was $58.3 million, reflecting cost management efforts.
WW International (NASDAQ: WW) will announce its Q2 2022 results on August 4, 2022, after market close. A conference call, featuring CEO Sima Sistani and CFO Amy O’Keefe, is scheduled for 5:00 p.m. ET to discuss the results and address investor questions. Interested parties can access a live webcast on the company's corporate website, where supplemental materials will also be available. The event will be archived for 90 days. WW has focused on providing a science-based weight management program backed by technology and community support.
WW International, Inc. (NASDAQ: WW) announced positive results from a clinical trial presented at the ADA 82nd Scientific Sessions. The trial evaluated its diabetes-specific program for weight management, involving 136 participants with Type 2 diabetes. Key findings include a reduction in HbA1c levels by 0.76, an average weight loss of 5.7%, and decreased diabetes distress by 9.8%. These improvements exceed FDA standards, indicating the program's effectiveness in promoting health among those living with diabetes. The study highlights the relevance of weight management in managing diabetes.
WW International reported Q1 2022 results with revenues of $297.8 million, a 10.3% decline from Q1 2021. The company experienced an 8.3% decrease in subscribers, totaling 4.5 million. Despite revenue declines, Q1 operating income rose to $9.0 million, significantly up from $2.8 million in the previous year, aided by cost management and reduced marketing expenses. The 2022 restructuring plan is projected to save nearly $30 million annually. FY 2022 guidance anticipates revenues of $1.09 billion to $1.14 billion and GAAP EPS between $0.72 and $0.78.
WW International, Inc. (NASDAQ: WW) will announce its first-quarter 2022 financial results on May 5, 2022, after market hours. A conference call will follow at 5:00 p.m. ET, featuring CEO Sima Sistani and CFO Amy O’Keefe discussing the results and answering investor questions. The call will be available via live webcast on WW's corporate website, with a replay accessible for 90 days. The company emphasizes its human-centric wellness approach driven by its weight management program, aiming for holistic wellness across diverse communities.
WW International reported its Q4 and FY 2021 results, highlighting revenues of $276 million in Q4 and $1.2 billion for the year, both down from prior periods. Subscription revenues decreased by 13.5% in Q4 and 10.4% for the year. Gross margin stood at 61.2% for Q4 and improved to 61.2% for FY 2021, despite a drop in operating income to $196 million. Looking ahead, Q1 2022 is expected to generate approximately $300 million in revenues but forecasted a net loss per share of $0.26 to $0.31. Sima Sistani will take over as CEO on March 21, 2022.
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