NASDAQ$WW

Weight Watchers International Inc. · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

WW International's Q1 2023 results were announced, showing a decrease in revenues and an operating loss, but the company is optimistic about returning to growth.

WW International reported a decrease in revenues to $241.9 million and an operating loss of $28.6 million for Q1 2023. However, the company's CEO expressed confidence in returning to a growth trajectory, citing the acquisition of Sequence and expected improvements in subscriber numbers by the end of the year.

  • End of period subscribers totaled 4.0 million.
  • Revenues reached $241.9 million.
  • Operating loss was $28.6 million, with an adjusted operating loss of $5.9 million excluding restructuring charges.
  • Full year revenue is expected to be between $910.0 million and $930.0 million.

Headline financials

Total Revenue

$242M

Previous: $298M-18.8%
EPS (adj)

-$0.14

Previous: -$0.06-133.3%
End of Period Subscribers

4.0M

Previous: 4.5M-11.1%
Capital Expenditures

-$990K

Previous: -$323K-206.5%
Free Cash Flow

-$120M

Previous: -$8.57M-1297.0%
Net Income

-$119M

Previous: -$8.24M-1339.8%
Operating Income

-$28.6M

Previous: $8.97M-418.7%
Gross Profit

$120M

Previous: $180M-33.6%
Cash & Equivalents

$141M

Previous: $128M+10.3%
Total Assets

$974M

Previous: $1.42B-31.4%
Stock-Based Comp

$2.67M

Previous: $4.7M-43.2%

Revenue & EPS history

Weight Watchers · Revenue · Quarterly

$242M

Q1 2023-18.8%vs Q1 2022
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Weight Watchers · $203M total across 1 segment · Q3 2023

  • Subscription Revenues
    $203M

Forward guidance

The company expects full year revenues to be in the range of $910.0 million to $930.0 million and operating income to be in the range of $48.0 million to $60.0 million. Adjusted operating income, excluding restructuring charges, is expected to be in the range of $80.0 million to $85.0 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 3 quarterly earnings reports

Historical avg

-1.5%

Avg return

Earnings day

-16.3%

Avg return

5 days after

-12.9%

Avg return

30 days after

45%

29 / 64 earnings

Positive

+63.1%

Q4 2022

Best reaction

-44.1%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-22.5%-18.2%+37.4%
Q4 2025+0.7%-16.2%-48.7%
Q3 2025+4.0%-14.4%-27.4%
Q1 2025-44.1%
Q4 2024-19.9%
Q3 2024-11.2%
Q2 2024-20.9%
Q1 2024+14.2%
Q4 2023-14.5%
Q3 2023-8.5%
Q2 2023-24.9%
Q1 2023+25.9%
Q4 2022+63.1%
Q3 2022-2.6%
Q2 2022-21.3%
Q1 2022+0.8%
Q4 2021+1.3%
Q3 2021+3.4%
Q2 2021-21.3%
Q1 2021+33.0%
Q3 2020-4.4%
Q2 2020-9.1%
Q1 2020+18.5%
Q4 2019-15.3%
Q3 2019-11.6%
Q2 2019+40.0%
Q1 2019+15.4%
Q4 2018-34.1%
Q3 2018-27.2%
Q2 2018-14.2%
Q1 2018-4.0%
Q4 2017-5.6%
Q3 2017+13.9%
Q2 2017+24.6%
Q1 2017+8.7%
Q4 2016+40.2%
Q3 2016+7.2%
Q2 2016-0.2%
Q1 2016+1.7%
Q4 2015-28.3%
Q3 2015+38.7%
Q2 2015+21.1%
Q1 2015-12.6%
Q4 2014-35.6%
Q3 2014-9.1%
Q2 2014+9.4%
Q1 2014+15.5%
Q4 2013-25.5%
Q3 2013-18.7%
Q2 2013-19.9%
Q1 2013+1.1%
Q4 2012-16.7%
Q3 2012+15.8%
Q2 2012-15.7%
Q1 2012+0.6%
Q4 2011-1.9%
Q3 2011+5.1%
Q2 2011+1.9%
Q4 2009-0.2%
Q1 2011+1.1%
Q3 2010+2.8%
Q2 2010-0.6%
Q4 2010-0.6%
Q1 2010-1.5%

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