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Mar 28, 2020
Weight Watchers Q1 2020 Earnings Report
WW International, Inc. reported a net loss and revenue increase in Q1 2020, with a rise in digital subscribers and a shift towards virtual workshops due to COVID-19.
Key Takeaways
WW International, Inc. announced Q1 2020 results with revenues of $400.4 million, up 10% year-over-year. The company reported a net loss of $6.1 million, but end-of-period subscribers increased by 9% to 5.0 million. The company withdrew its full year fiscal 2020 guidance due to COVID-19 uncertainty.
Q1 2020 revenues reached $400.4 million, a 10% increase year-over-year.
End of period subscribers increased by 9% year-over-year, reaching 5.0 million.
The company accelerated its digital transformation by launching virtual workshops globally.
Full year fiscal 2020 guidance was withdrawn due to uncertainty related to the COVID-19 pandemic.
Forward Guidance
Due to the disruption and uncertainty related to COVID-19, the Company is withdrawing its full year fiscal 2020 revenue and earnings guidance, which was provided on February 25, 2020.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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