NASDAQ$WW

Weight Watchers International Inc. · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

WW International's Q2 2020 results were announced, marked by a record digital subscriber base.

WW International reported a decrease in revenue by 10% year-over-year to $334 million, but digital subscribers reached an all-time high, up 23% year-over-year. Adjusted EPS was $0.67, demonstrating strong performance despite the COVID-19 environment.

  • End of Period Subscribers increased 9% year-over-year to 5.0 million, reaching an all-time Q2-end high.
  • End of Period Digital Subscribers increased 23% year-over-year, achieving an all-time high.
  • Revenues decreased by 10% year-over-year to $334 million, or 9% on a constant currency basis, due to studio closures.
  • Gross Margin was 58%; excluding one-time charges, adjusted gross margin was 60%, the highest level in 8 years.

Headline financials

Total Revenue

$334M

Previous: $369M-9.6%
EPS (adj)

$0.67

Previous: $0.78-14.1%
End of Period Subscribers

5.0M

Previous: 4.6M+8.7%
Capital Expenditures

-$19.3M

Previous: -$7.6M-154.6%
Free Cash Flow

-$5.34M

Previous: $46.2M-111.6%
Net Income

$14M

Previous: $53.8M-74.0%
Operating Income

$51M

Previous: $105M-51.7%
Gross Profit

$195M

Previous: $216M-9.8%
Cash & Equivalents

$150M

Previous: $181M-16.7%
Total Assets

$1.47B

Previous: $1.48B-0.5%
Stock-Based Comp

$38.7M

Previous: $4.87M+694.0%

Revenue & EPS history

Weight Watchers · Revenue · Quarterly

$334M

Q2 2020-9.6%vs Q2 2019
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

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

  • Subscription Revenues
    $203M

Forward guidance

No specific forward guidance provided in this earnings report.

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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