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WW International, Inc. (NASDAQ:WW ) Q1 2024 Earnings Conference Call May 2, 2024 5:00 PM ET Company Participants Corey Kinger - IR Sima Sistani - CEO Heather Stark - CFO Conference Call Participants Jack Wallace - Guggenheim Nathan Feather - Morgan Stanley Linda Bolton - D.A. Davidson Alex Fuhrman - Craig-Hallum Capital Group Stephanie Davis - Barclays Karru Martinson - Jefferies Jack Wallace - Guggenheim Nathan Feather - Morgan Stanley Operator Good day and welcome to the Weight Watchers International's First Quarter 2024 Earnings Conference Call.
NEW YORK, April 18, 2024 (GLOBE NEWSWIRE) -- WW International, Inc. (NASDAQ: WW) (“WeightWatchers,” “WW,” or “the Company”) will release its results for the first quarter 2024 after market close on Thursday, May 2, 2024.
Bloomberg News Reporters Gerry Smith and Madison Muller talk about WeightWatchers stock taking a hit after Oprah Winfrey announced that she is leaving the company's board.
A new medical study is raising concerns over whether intermittent fasting, a weight-loss method that's gained attention in recent years, could pose heart-health risks.
Shares of Weight Watchers' parent company are continuing to claw their way back in Monday action, with one analyst recently noting that an upcoming Oprah Winfrey TV special could prove a catalyst.
"I decided [to leave the WeightWatchers board] because this special was really important to me, and I wanted to be able to talk about whatever I want to talk about," Winfrey said.
Weight Watchers CEO Sima Sistani penned internal memo to employees as WW shares face heavy selling due to debt concerns, Oprah Winfrey's exit from board.
One year ago, in March 2023, Ray Debbane announced he would be resigning as chairman of WW International, the parent company of Weight Watchers, whose board he had joined in 1999. A day after Debbane stepped off the board in May 2023, his private equity firm, Invus, sold its 21% stake in the company, ending its 23-year ownership relationship with the company.
WW International (NASDAQ: WW ), formerly known as Weight Watchers, has become a penny stock, and its debtors are discussing bankruptcy. WW stock fell 12% on March 13 and another 3.3% overnight.
Sales were down nearly 8% year over year in the fourth quarter. The shrinking top line has been a big problem for the company in recent years.