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Jul 03, 2021
Weight Watchers Q2 2021 Earnings Report
WW International's Q2 2021 results were announced, with revenues of $311 million and end of period subscribers of 4.9 million.
Key Takeaways
WW International announced its Q2 2021 results, reporting revenues of $311 million and GAAP EPS of $0.12. The company ended the quarter with 4.9 million subscribers, including 4.1 million digital subscribers. The company is expecting revenue to approach $1.3 billion and GAAP EPS in the range of $1.10 to $1.25 for fiscal year 2021.
Q2 2021 revenues were $311 million.
End of period subscribers totaled 4.9 million.
End of period digital subscribers increased 6% year-over-year.
Gross margin was 60%, with adjusted gross margin increasing 100 basis points year-over-year to 61%.
Revenue by Segment
Forward Guidance
The Company is providing the following full year fiscal 2021 guidance: Revenue to approach $1.3 billion. GAAP EPS in the range of $1.10 to $1.25 per fully diluted share, incorporating an approximately $0.53 aggregate negative impact from the early extinguishment of debt and estimated restructuring charges in fiscal 2021.
Positive Outlook
- Revenue to approach $1.3 billion.
- Subscriber trends in Q2 followed a more typical seasonal pattern.
- Gross margin performance remains strong.
- Benefits from flexible, subscription-based digital model.
- Comprehensive plan to optimize financial performance in the second half of the year.
Challenges Ahead
- Approximately $0.53 negative impact from debt extinguishment and restructuring.
- Subscriber trends in Q2 followed a more typical seasonal pattern than expected.
- Momentum in Digital slowed in the second quarter.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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