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Oct 02, 2021
Weight Watchers Q3 2021 Earnings Report
WW International's financial performance declined due to decreased subscribers and revenue, but adjusted operating income margin expanded.
Key Takeaways
WW International reported a decrease in revenue and subscribers for Q3 2021. Revenues were $293.5 million, and end-of-period subscribers were 4.5 million, a 4.3% decrease year-over-year. Despite the revenue decline, the company managed to expand its adjusted operating income margin due to effective cost management.
End of period subscribers decreased by 4.3% year-over-year.
Revenues totaled $293.5 million, a decrease of 8.5% compared to the previous year.
Gross margin was 61%, with an adjusted gross margin of 62% after excluding one-time charges.
Operating income was $80 million, with an adjusted operating income of $88 million after excluding one-time charges.
Forward Guidance
The company updated its full year fiscal 2021 guidance, expecting revenues to be modestly above $1.2 billion and GAAP EPS to be in the range of $0.80 to $0.90 per fully diluted share.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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