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Apr 01, 2023
Weight Watchers Q1 2023 Earnings Report
WW International's Q1 2023 results were announced, showing a decrease in revenues and an operating loss, but the company is optimistic about returning to growth.
Key Takeaways
WW International reported a decrease in revenues to $241.9 million and an operating loss of $28.6 million for Q1 2023. However, the company's CEO expressed confidence in returning to a growth trajectory, citing the acquisition of Sequence and expected improvements in subscriber numbers by the end of the year.
End of period subscribers totaled 4.0 million.
Revenues reached $241.9 million.
Operating loss was $28.6 million, with an adjusted operating loss of $5.9 million excluding restructuring charges.
Full year revenue is expected to be between $910.0 million and $930.0 million.
Forward Guidance
The company expects full year revenues to be in the range of $910.0 million to $930.0 million and operating income to be in the range of $48.0 million to $60.0 million. Adjusted operating income, excluding restructuring charges, is expected to be in the range of $80.0 million to $85.0 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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