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WW International Inc. WW, +2.88%, formerly known as Weight Watchers, late Thursday missed the revenue forecast for its third quarter and said revenue for the year will come at the lower end of its expectations. The stock dropped more than 10% in the extended session.
WW International has a long history of disappointing shareholders. So why does one bank predict more than 100% upside?
WW International is the parent company of Weight Watchers. The company has seen declining sales for the last five years.
WW International's core Weight Watchers business is struggling with falling revenues and subscribers in a competitive market. The company's acquisition of Sequence Health to pivot into weight loss medications is a high-risk move that is unlikely to improve its weak fundamentals. WW International's balance sheet is already overstretched with debt at 7.7x EBITDA, and customer satisfaction levels are extremely poor, indicating significant challenges for the company.
NEW YORK, Oct. 19, 2023 (GLOBE NEWSWIRE) -- WW International, Inc. (NASDAQ: WW) (“WeightWatchers,” “WW,” or “the Company”) will release its results for the third quarter 2023 after market close on Thursday, November 2, 2023.
The most famous individual associated with the weight-loss specialist made some remarks that were taken positively. She walked back previous utterances, which satisfied both the market and several analysts.
Oprah Winfrey gave her support to using drugs like Ozempic for weight loss. Winfrey also purchased some Weight Watchers stock last week.
NEW YORK, Sept. 08, 2023 (GLOBE NEWSWIRE) -- WW International, Inc. (NASDAQ: WW) (“WeightWatchers,” “WW,” or the “Company”) today announced that it will present at the following investor conferences.
Weight Watchers, now known as WW International, has transitioned from a weight loss program to a health and wellness technology company. The company's financial health is concerning, with a market capitalization of $813 million and a debt of $1.4 billion. WW International is facing challenges from competitors in the health and wellness industry and struggles with decreasing revenues.
Sima Sistani, WW International CEO, joins 'Closing Bell Overtime' to talk weight loss drugs, growth in WW's digital platforms and the stock's reaction.