NASDAQ$WW

Weight Watchers International Inc. · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

WW International's Q2 2022 results were announced, revealing a decrease in revenues and subscribers, but adjusted operating margin expansion due to cost structure adjustments.

WW International reported Q2 2022 revenues of $269.5 million, a decrease of 13.5% compared to the prior year. The company's end-of-period subscribers totaled 4.3 million, down 12.3% year-over-year. Despite revenue pressures, adjusted operating income was $58.3 million, reflecting a 10.1% decrease year-over-year, with an adjusted operating margin expansion due to cost management.

  • Q2 2022 revenues reached $269.5 million, a 13.5% decrease compared to Q2 2021.
  • End of period subscribers totaled 4.3 million, reflecting a 12.3% decrease year-over-year.
  • Operating income was reported at $13.4 million, while adjusted operating income was $58.3 million, excluding certain charges.
  • The company revised its full-year 2022 revenue guidance to a range of $1.05 billion to $1.09 billion and GAAP EPS to $0.25 to $0.30.

Headline financials

Total Revenue

$269M

Previous: $311M-13.5%
EPS (adj)

$0.40

Previous: $0.48-16.7%
End of Period Subscribers

4.3M

Previous: 4.9M-12.2%
Capital Expenditures

-$1.07M

Previous: -$984K-8.3%
Free Cash Flow

-$5.69M

Previous: $7.88M-172.2%
Net Income

-$4.62M

Previous: $8.86M-152.2%
Operating Income

$13.4M

Previous: $59.7M-77.6%
Gross Profit

$163M

Previous: $186M-12.4%
Cash & Equivalents

$149M

Previous: $126M+18.3%
Total Assets

$1.39B

Previous: $1.44B-3.1%
Stock-Based Comp

$2.29M

No prior period

Revenue & EPS history

Weight Watchers · Revenue · Quarterly

$269M

Q2 2022-13.5%vs Q2 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Weight Watchers · $240M total across 1 segment · Q2 2022

  • Subscription Revenues
    $240M-11.9%

Forward guidance

WW International updated its full year fiscal 2022 guidance. Revenues are expected to be in the range of $1.05 billion to $1.09 billion. GAAP EPS is expected to be in the range of $0.25 to $0.30 per fully diluted share.

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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