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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 (NASDAQ:WW) announced the release of THE SHIFT: 7 Powerful Mindset Changes for Lasting Weight Loss by Chief Scientific Officer Gary Foster, PhD on October 5, 2021. The book quickly became a bestseller on platforms like Barnes & Noble and Amazon, focusing on mental habits for weight loss rather than dietary restrictions. Dr. Foster emphasizes self-compassion and cognitive-behavioral techniques to foster healthier thinking patterns. Mindy Grossman, WW President and CEO, highlights the book's role in supporting members' wellness journeys through evidence-based mindset shifts.
WW International, Inc. (NASDAQ: WW) announced that President and CEO Mindy Grossman will step down after Q1 2022. Grossman has led the company since 2017, transforming it from Weight Watchers to a digital health and wellness platform. Under her leadership, WW has achieved record membership retention and has been recognized for its innovative programs. The Board of Directors will work on selecting her successor while maintaining focus on strategic priorities, including the upcoming launch of a new food program innovation.
WW International, Inc. announced that Gail Tifford has stepped down as Chief Brand Officer due to a family health issue. Tifford, who joined in 2018, successfully rebranded the company and achieved record membership and digital subscribers. Cindy Gustafson, previously Senior VP of Global Brand Marketing, has been promoted to Chief Marketing Officer. Mindy Grossman, President and CEO, expressed gratitude for Tifford's contributions and confidence in Gustafson's leadership. The transition aims to maintain the company's strategic direction in wellness and community engagement.
On August 24, 2021, WW International (NASDAQ: WW) revealed findings from a study showing that the impact of COVID-19 on members' weight loss journeys was temporary. Analyzing data from 1.5 million digital members, the study indicated that initial challenges in weight loss and food tracking occurred during the early weeks of the pandemic but returned to normal levels shortly after. The results highlight the efficacy of the WW digital program, which continues to support members through stressful life situations. The full study will appear in the September 2021 issue of Obesity.
WW International reported Q2 2021 revenues of $311 million, down 6.7% year-over-year. The end of period subscribers totaled 4.9 million, with 4.1 million being digital subscribers, a 5.6% increase. The adjusted gross margin improved to 61%, driven by a shift towards digital offerings. Net income fell to $8.9 million, with EPS dropping to $0.12 from $0.20. Guidance for FY 2021 expects revenues approaching $1.3 billion and GAAP EPS between $1.10 to $1.25, reflecting financial impacts from debt extinguishment and restructuring charges.
WW International, Inc. (NASDAQ: WW) will release its Q2 2021 results on August 10, 2021, after market close. A conference call will follow at 5:00 p.m. ET that day, featuring insights from CEO Mindy Grossman and other executives. The session will detail the company's financial performance and engage with the investment community. A live webcast will be accessible on the company's corporate website, with supplemental materials available prior. A replay of the call will be available for 90 days.
WW International (Nasdaq: WW), a leader in wellness and weight management, will present at two upcoming virtual investor conferences. The Oppenheimer 21st Annual Consumer Growth and E-commerce Conference is scheduled for June 15, 2021, featuring CEO Mindy Grossman and COO Nick Hotchkin. The Jefferies Virtual Consumer Conference will take place on June 22, 2021, with CFO Amy O’Keefe and Chief Digital Officer Michael Lysaght presenting. Live webcasts will be available on the corporate website, with archives accessible for 30 days.
WW International, a global wellness company known for its weight management program, will present at the J.P. Morgan Global Technology, Media and Communications Conference on May 26, 2021, at 5:10 p.m. ET. The presentation will feature CFO Amy O’Keefe and Chief Digital Officer Michael Lysaght. Investors can access the live audio webcast on the corporate website, with an archive available for 30 days post-event. WW aims to democratize wellness through its digital app and expert coaching, focusing on food, activity, mindset, and sleep.
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