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Sep 30, 2023
Weight Watchers Q3 2023 Earnings Report
WW International, Inc. announced its Q3 2023 results, demonstrating subscriber growth and strategic execution.
Key Takeaways
WW International, Inc. reported a 6% year-over-year increase in end-of-period subscribers, reaching 4.0 million. Revenues for Q3 2023 were $214.9 million. The company is updating its full year fiscal 2023 guidance with revenues expected to be at the low end of the previously provided range of $890.0 million to $910.0 million.
End of period subscribers increased by 6% year-over-year to 4.0 million.
Revenues for the third quarter were reported at $214.9 million.
Clinical subscribers increased by 23% from Q2, ending the quarter at 45 thousand.
Full year fiscal 2023 revenue is expected to be at the low end of the previously provided range.
Revenue by Segment
Forward Guidance
The company is updating its full year fiscal 2023 guidance.
Positive Outlook
- Adjusted operating income is still expected to be towards the high end of the previously provided range of $80.0 million to $85.0 million.
Challenges Ahead
- Revenues are expected to be at the low end of the previously provided range of $890.0 million to $910.0 million.
- Operating income is now expected to be in the range of $31.0 million to $43.0 million due to increased anticipated restructuring charges.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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