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Sep 28, 2024
Weight Watchers Q3 2024 Earnings Report
Announced third quarter results with subscriber and revenue declines, but improved gross margin and clinical subscriber growth.
Key Takeaways
WW International reported a decrease in revenues and subscribers for Q3 2024, with revenues at $192.9 million and a decline in total subscribers to 3.7 million. However, the company saw growth in clinical subscribers and an improvement in gross margin. The company is reiterating its full year fiscal 2024 guidance.
End of Period Subscribers decreased to 3.7 million.
Revenues reached $192.9 million.
Gross margin was 67.1%, with an adjusted gross margin of 69.1%.
Operating Loss was $39.0 million, while adjusted operating income was $35.7 million.
Revenue by Segment
Forward Guidance
The Company is reiterating its following full year fiscal 2024 guidance:
Positive Outlook
- Year end total subscribers of at least 3.1 million
- Revenue of at least $770.0 million
- Adjusted operating income of at least $100.0 million
- Adjusted EBITDAS of at least $150.0 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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