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Stock impact report

Weight Watchers stock rallies as company posts narrower Q1 loss, grows subscriber base [MarketWatch]

WW International, Inc. (WW) 
Last ww international, inc. earnings: 4/28 04:05 pm Check Earnings Report
Company Research Source: MarketWatch
Shares of WW International Inc. rose nearly 10% in the extended session Tuesday after the company formerly known as Weight Watchers reported a narrower first-quarter loss and said it ended the three-month period with 9% more subscribers. WW said it lost $6.1 million, or 9 cents a share, in the quarter, compared with a loss of $11 million, or 16 cents a share, in the year-ago period. Sales rose 10% to $400 million, the company said. Analysts polled by FactSet had expected WW to post a GAAP and adjusted loss of 23 cents a share on sales of $400 million. The company said it ended first quarter with 5 million subscribers, a new first-quarter record and a 9% rise compared with the prior-year period. WW "took quick global coordinated action and pivoted to move all of our in-person group workshops, which serve about a quarter of our members, to a virtual platform, keeping the WW community connected no matter where they are," Chief Executive Mindy Grossman said in a statement. "We are acceler Show less Read more
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