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Jun 27, 2020
Weight Watchers Q2 2020 Earnings Report
WW International's Q2 2020 results were announced, marked by a record digital subscriber base.
Key Takeaways
WW International reported a decrease in revenue by 10% year-over-year to $334 million, but digital subscribers reached an all-time high, up 23% year-over-year. Adjusted EPS was $0.67, demonstrating strong performance despite the COVID-19 environment.
End of Period Subscribers increased 9% year-over-year to 5.0 million, reaching an all-time Q2-end high.
End of Period Digital Subscribers increased 23% year-over-year, achieving an all-time high.
Revenues decreased by 10% year-over-year to $334 million, or 9% on a constant currency basis, due to studio closures.
Gross Margin was 58%; excluding one-time charges, adjusted gross margin was 60%, the highest level in 8 years.
Forward Guidance
No specific forward guidance provided in this earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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