NASDAQ$WW
Weight Watchers International Inc. · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
WW International's Q1 2024 results were announced, revealing a mix of subscriber trends and financial adjustments.
WW International reported Q1 2024 revenues of $206.5 million. The company's end-of-period subscribers remained steady at 4.0 million, including 91,000 clinical subscribers. The company experienced an operating loss of $269.3 million, primarily due to non-cash intangible impairment charges, but adjusted operating loss was $5.6 million excluding these charges and restructuring costs.
- End of period subscribers totaled 4.0 million, which included 91,000 clinical subscribers.
- Revenues reached $206.5 million.
- Operating loss was $269.3 million, impacted by $258.0 million in non-cash intangible impairment charges.
- The company is maintaining its revenue guidance for 2024, anticipating a return to year-over-year growth in subscription revenues.
Headline financials
Revenue & EPS history
Weight Watchers · Revenue · Quarterly
$207M
Revenue by segment
Weight Watchers · $203M total across 1 segment · Q3 2023
- Subscription Revenues$203M—100.0%
Forward guidance
The company provided an update to its full year fiscal 2024 guidance, maintaining its revenue outlook and adjusting operating income expectations.
Tailwinds
- Revenue guidance maintained in the range of $830.0 million to $860.0 million.
- Adjusted operating income is expected to be in the range of $100.0 million to $110.0 million, excluding certain charges.
- Guidance reflects a $55 million year-over-year headwind from the strategic decision to wind down the Company’s low-margin consumer products business.
- Company expects to end the year with total subscribers in the range of 3.8 million to 4.0 million.
- Company expects between 140 thousand and 160 thousand subscribers to our new WeightWatchers Clinic.
Headwinds
- Operating loss is expected to be in the range of $163.7 million to $153.7 million.
- Revenue guidance reflects a $55 million year-over-year headwind from the strategic decision to wind down the Company’s low-margin consumer products business.
- The company recorded non-cash impairment charges of franchise rights acquired totaling $258.0 million.
- Q1 2024 End of Period Workshops + Digital Subscribers decreased 16.7% versus the prior year period.
- On a constant currency basis, Q1 2024 revenues decreased 14.9% versus the prior year period.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 3 quarterly earnings reports
-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
| Quarter | Report date | Reaction (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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