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WW International Inc (WW) delivers science-based weight management solutions through digital platforms, workshops, and clinical partnerships. This page aggregates all corporate announcements and verified news coverage for investors and industry observers.
Access primary-source press releases, earnings reports, and strategic updates to monitor WW’s market position. Our curated collection ensures timely access to operational developments, including product launches, leadership changes, and partnership announcements.
Key updates include quarterly financial results, clinical program expansions, technology enhancements, and wellness industry analysis. Each entry provides context to help stakeholders assess WW’s evolving role in digital health and behavioral science.
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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.
WW International, Inc. reported Q1 2021 results with 5.0 million total subscribers and 4.2 million digital subscribers, marking a 16% year-over-year increase. Revenues decreased by 17.1% to $331.8 million, impacted by declines in the Workshops + Digital segment due to COVID-19. Gross margin improved to 58%, with adjusted gross margin at 60%. The company experienced a net loss of $18.2 million or $0.26 per share, exacerbated by restructuring charges. Despite challenges, digital growth signals long-term potential amidst strategic adjustments.
On April 29, 2021, WW International announced a free virtual experience titled Oprah's Your Life in Focus: Spring Forward Stronger, taking place on May 8 at 11am ET. This event, hosted by Oprah Winfrey, aims to empower parents and caregivers, featuring a conversation with Drew Barrymore and therapist Dr. Anita Phillips. Participants will engage in interactive exercises to enhance their health journeys. This is the second event in a quarterly series designed to inspire resilience and community, with attendees receiving digital workbooks and special offers.
WW International, Inc. (NASDAQ: WW) is set to announce its first quarter 2021 results after market close on May 5, 2021. Following the results, the management team, including CEO Mindy Grossman and CFO Amy O’Keefe, will host a conference call at 5:00 p.m. ET to discuss the outcomes and address investor questions. Stakeholders can access the live webcast via the Company's corporate website, with materials also provided ahead of the call. WW continues to focus on promoting wellness through its digital platform and community engagement.
WW International announced the pricing of a $1.5 billion refinancing of its credit facilities and senior notes, expected to close on April 13, 2021. The refinancing includes a new $1 billion term loan due 2028, a $175 million revolving credit facility, $500 million in senior secured notes due 2029, and the redemption of $300 million of existing senior notes. CFO Amy O’Keefe emphasized the positives of the refinancing for the company's balance sheet and innovation strategy. The anticipated interest expense reduction is around $29 million annually based on current debt levels.
WW International, Inc. (NASDAQ: WW) has priced $500 million in senior secured notes due 2029 at a 4.500% interest rate. The offering allows the company to refinance existing debts, including redeeming $300 million of its 8.625% Senior Notes due 2025. The transaction is expected to close by April 13, 2021, subject to certain conditions. The notes are being offered to qualified institutional buyers and will not be registered under the Securities Act. This strategic refinancing aims to enhance the company's financial position and facilitate future growth initiatives.
WW International, Inc. (NASDAQ: WW) announced a planned private offering of $500 million in senior secured notes due 2029. This offering is part of a broader refinancing strategy, which also includes a proposed new senior secured credit facility totaling $1.175 billion. The net proceeds will be used to repay existing credit and redeem $300 million in 8.625% Senior Notes due 2025, along with related fees and general corporate purposes. The company has provided conditional notice to redeem the 2025 Notes, contingent on successful completion of the offering.
WW International, Inc. (NASDAQ: WW) has collaborated with The Female Quotient and Tai Life Media Agency to launch a free wellness masterclass series for Historically Black Colleges and Universities (HBCUs). The initiative aims to enhance the physical and mental well-being of students of color. The series began on February 25, 2021, and includes an upcoming event, 'Thriving Like Me,' scheduled for March 31, 2021, featuring prominent speakers and discussions on mental wellness. This program is part of WW's efforts to foster a supportive environment for Black college students.
WW International, Inc. (NASDAQ: WW) announced the appointment of Adam Kaufman, PhD, as Senior Vice President of Healthcare and Diabetes on February 26, 2021. In his new role, Kaufman will oversee WW Health Solutions and spearhead initiatives aimed at addressing diabetes within the WW community, which includes over 30 million Americans living with the condition. Kaufman's background includes leadership positions in digital therapeutics and health services, positioning him to enhance WW's healthcare offerings and partnerships. He will report directly to Nick Hotchkin, Chief Operating Officer.
