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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) will announce its fourth quarter and full year 2020 results on February 25, 2021, after market close. A conference call will follow at 5:00 p.m. ET, featuring key executives including CEO Mindy Grossman. The call will cover the financial performance and allow for Q&A from the investment community. A live webcast will be available on the company’s website along with supplemental materials, with a replay accessible for 90 days. WW continues to focus on promoting healthy habits through its comprehensive digital app and community-driven approach.
On February 4, 2021, WW International announced Oprah's free virtual event, 'Oprah's Your Life in Focus: Be The Love You Need', set for February 13 at 11 AM ET. Following a successful 2020 series with over 3 million viewers, this 90-minute session aims to promote self-love and wellness. Oprah will engage with notable figures like James Corden and Jennifer Garner, offering insights and tools for personal growth. Attendees will receive a digital workbook and access to a live stream across multiple platforms.
The Vitamin Shoppe announced its partnership with WW International, Inc. to enhance health and wellness offerings. This collaboration includes co-branded nutritional supplements and WW membership sales in over 715 retail locations. Key products like WW by the Vitamin Shoppe Daily Essentials and WW by the Vitamin Shoppe Daily Essentials + Heart Health are priced at $29.99 and $46.99, respectively. This initiative aims to support Americans seeking wellness guidance, highlighted by a study showing 63% of individuals desire assistance in achieving their health goals for 2021.
WW International launches its new membership plan, Digital 360 (D360), aimed at enhancing weight loss support with live and on-demand content. This initiative combines expert coaching with community engagement, focusing on fitness, mindfulness, and psychology. Highlights include daily wellness lessons, interactive CoachLIVES, and engaging podcasts featuring personalities like Oprah Winfrey. D360, which supports the personalized myWW+ program, is available in the US and UK with plans for global expansion in 2021. The program emphasizes WW's commitment to scientifically backed wellness and weight loss strategies.
WW International (NASDAQ: WW) has announced a multi-year global partnership with James Corden, the Emmy Award-winning talk show host. Corden, who has openly discussed his struggles with weight, aims to redefine personal health and wellness. He will follow the new myWW+ program, which focuses on food, activity, mindset, and sleep. As part of their collaboration, WW will provide 100,000 free digital memberships to individuals facing financial hardship. The program is rooted in WW's proven approach to weight loss, maintaining its position as a leader in the health and wellness sector.
WW International, Inc. (Nasdaq: WW) will present at several virtual investor conferences in December 2020. The schedule includes:
- BofA Securities 2020 Leveraged Finance Virtual Conference on December 2, 2020, at 1:30 p.m. ET.
- Nasdaq 43rd Investor Conference on December 3, 2020, at 9:00 a.m. ET.
- Citi's Global Consumer Conference 2020 on December 10, 2020, at 8:00 a.m. ET.
WW International, Inc. (NASDAQ: WW) has launched myWW+, enhancing its app with a holistic approach to weight loss focused on food, activity, mindset, and sleep. This update builds on the success of the previous myWW program, introducing personalized plans powered by AI and machine learning. New features include meal planning tools, a redesigned activity experience, and a Weekly Check-in for progress tracking. The app maintains popular features and is available with subscription memberships, solidifying WW's position as a leader in the wellness sector.
WW International announced its participation in the upcoming Morgan Stanley’s Life After Covid Thematic Conference on November 12, 2020, at 9:00 a.m. ET. Presenters include Mindy Grossman, President and CEO, and Michael Lysaght, Chief Digital Officer. The presentation will be available via live audio webcast on the corporate website, with an archive accessible for 30 days post-event. WW is a global wellness company focused on weight management, promoting healthy habits through tech-enabled experiences and community engagement.
WW International, Inc. (WW) reported Q3 2020 results revealing a 5% rise in total subscribers to 4.7 million, with digital subscribers soaring by 23% year-over-year. The company achieved revenues of $321 million, an 8% decline from the previous year, impacted by COVID-19 restrictions on its Studio business. Gross margin improved to 59.3%, and net income increased to $54.5 million. Adjusted operating income remained stable at $94.9 million. The company plans strategic cost reductions as part of its ongoing restructuring initiative. Cash balance stood at $204.4 million with no debt outstanding.
On October 16, 2020, WW International, Inc. (NASDAQ: WW) announced the launch of the Healthy Living Coalition on World Food Day. This initiative aims to combat food insecurity and improve nutrition for underserved communities by mobilizing corporate and organizational resources. The coalition seeks to engage 100 new partners within its first year to foster solutions focused on food accessibility and education. With 25.9% of the global population facing food insecurity, the coalition aims to align with the United Nations Sustainable Development Goals, particularly the goal of Zero Hunger.
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