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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.
On February 25, 2022, WW International, Inc. (NASDAQ: WW) announced the employment inducement equity award for its new CEO, Sima Sistani, starting March 21, 2022. The award includes 1 million nonqualified stock options, split between two exercise prices: $30.00 and $50.00, vesting annually over four years. This inducement aligns with Nasdaq Listing Rule 5635(c)(4) and aims to support Sistani's decision to join the company.
WW International, Inc. (NASDAQ: WTW) has announced the appointment of Sima Sistani as Chief Executive Officer, effective March 21. Sistani, a co-founder of Houseparty and former senior leader at Epic Games, takes over from Mindy Grossman, who will leave the company on March 18. Sistani has over 20 years of experience in media and technology, including notable roles at Yahoo! and Epic Games. The board believes her experience in digital communities and innovation will guide WW in enhancing health and wellness among its global members.
WW International, Inc. (NASDAQ: WW) will announce its financial results for Q4 and the full year 2021 on March 1, 2022, post-market. A conference call will follow at 5:00 p.m. ET, featuring CEO Mindy Grossman, COO Nicholas Hotchkin, and CFO Amy O’Keefe, who will review the results and field questions. The call can be accessed via a live webcast on the company's corporate site. WW focuses on delivering a comprehensive, science-based wellness program through its digital app and expert coaching to inspire healthy living.
WW International, Inc. (NASDAQ: WW) has been recognized as the #1 Best Diet for Weight Loss and Best Diet Program in the 2022 U.S. News & World Report rankings for the twelfth consecutive year. This achievement highlights WW's commitment to scientific expertise and effective weight management.
The company's recent launch of the PersonalPoints™ weight-loss program aims to enhance user experience with individualized plans and tools that promote sustainable weight loss.
WW International, Inc. (Nasdaq: WW) will present at the BofA Securities 2021 Virtual Leveraged Finance Conference on December 2, 2021, at 10:30 a.m. ET. The presentation will be led by Chief Financial Officer Amy O’Keefe and accessible via live audio webcast on the company's corporate website. An archive will be available for 30 days post-event.
WW is a human-centric technology company focused on wellness, leveraging nearly six decades of expertise in nutritional and behavioral change science to inspire healthy habits globally.
WW International, Inc. (NASDAQ: WW) will host a virtual investor event on November 18, 2021, at 11:00 AM ET to present its new PersonalPoints™ Program. This program aims to offer the most personalized experience in the company's history, emphasizing scientifically-backed weight loss methods. The 30-minute presentation will cover the program's development, digital experience, and marketing plans, followed by a Q&A with management. Key executives, including CEO Mindy Grossman and COO Nick Hotchkin, will participate. The event will be accessible on the company's corporate website.
WW International announced the global launch of its innovative PersonalPoints Program on November 8, 2021. This program aims to provide a personalized weight management experience based on individual preferences and scientific research. It features an advanced food algorithm, allowing members to earn PersonalPoints through healthy behaviors. Clinical trials showed participants experienced clinically significant weight loss, increased fruit and vegetable consumption by 55.4% and 60.6%, respectively, and improved overall well-being. The app and workshops provide comprehensive support for sustainable healthy living.
WW International reported Q3 2021 results with revenues of $293.5 million, down 8.5% year-over-year. The company had 4.5 million subscribers, a decline of 4.3%. Gross margin stood at 61% and adjusted operating income was $88 million. Despite a decrease in member recruitment, WW plans to launch a new food program on November 8, aimed at boosting membership and financial performance in 2022. The company updated its full-year revenue guidance to slightly above $1.2 billion, forecasting GAAP EPS between $0.80 and $0.90.
WW International, Inc. (NASDAQ: WW) will announce its third quarter 2021 results after market close on November 4, 2021. A conference call will follow at 5:00 p.m. ET, featuring key executives Mindy Grossman, Nicholas Hotchkin, and Amy O’Keefe to discuss the results and answer investor questions. The call will be accessible via a live webcast on the corporate website, with supplemental materials provided prior to the event. The company emphasizes its commitment to promoting holistic wellness through its digital platform and expert coaching.
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