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Dec 30, 2023
Weight Watchers Q4 2023 Earnings Report
WW International, Inc. announced Q4 2023 results, which included revenues of $206.0 million and an operating loss of $6.0 million.
Key Takeaways
WW International, Inc. reported Q4 2023 results, with revenues of $206.0 million. The company's end-of-period subscribers reached 3.8 million, a 7.1% increase year-over-year. The company returned WeightWatchers to year end subscriber growth – for the first time in 3 years - up 7% year-over-year.
End of Period Subscribers reached 3.8 million, a 7.1% increase year-over-year.
Revenues totaled $206.0 million.
Gross margin was 60.6%, with an adjusted gross margin of 61.4% excluding restructuring charges.
Operating Loss was $6.0 million, with an adjusted operating income of $21.3 million excluding restructuring and impairment charges.
Revenue by Segment
Forward Guidance
The Company is providing the following full year fiscal 2024 guidance: Revenues are expected to be in the range of $830.0 million to $860.0 million, reflecting a $55 million year-over-year headwind from the strategic decision to wind down the Company’s low-margin consumer products business. Operating Income is expected to be in the range of $100.0 million to $110.0 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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