Loading...
•
Jul 01, 2023
Weight Watchers Q2 2023 Earnings Report
WW International's Q2 2023 performance reflected a mix of challenges and strategic progress.
Key Takeaways
WW International, Inc. reported Q2 2023 revenues of $226.8 million and operating income of $26.3 million. The company ended the quarter with 4.1 million subscribers. Sign-ups for WeightWatchers business, excluding Clinical, were up year-over-year.
End of period subscribers reached 4.1 million.
Revenues totaled $226.8 million.
Operating income was $26.3 million, with adjusted operating income at $33.9 million.
Full year revenue is expected to be in the range of $890.0 million to $910.0 million.
Revenue by Segment
Forward Guidance
The Company is updating its full year fiscal 2023 guidance:
Positive Outlook
- Encouraging subscriber trends
- Improved margins
Challenges Ahead
- Revenues are expected to be in the range of $890.0 million to $910.0 million, compared to previously provided $910.0 million to $930.0 million, reflecting near-term supply constraints in the Clinical business and a subscriber mix shift.
- Operating income is expected to be in the range of $39.0 million to $51.0 million.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...