NASDAQ$WW

Weight Watchers International Inc. · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

WW International's financial performance declined due to decreased subscribers and revenue, but adjusted operating income margin expanded.

WW International reported a decrease in revenue and subscribers for Q3 2021. Revenues were $293.5 million, and end-of-period subscribers were 4.5 million, a 4.3% decrease year-over-year. Despite the revenue decline, the company managed to expand its adjusted operating income margin due to effective cost management.

  • End of period subscribers decreased by 4.3% year-over-year.
  • Revenues totaled $293.5 million, a decrease of 8.5% compared to the previous year.
  • Gross margin was 61%, with an adjusted gross margin of 62% after excluding one-time charges.
  • Operating income was $80 million, with an adjusted operating income of $88 million after excluding one-time charges.

Headline financials

Total Revenue

$293M

Previous: $321M-8.5%
EPS (adj)

$0.72

Previous: $0.78-7.7%
End of Period Subscribers

4.5M

Previous: 4.7M-4.3%
Capital Expenditures

-$1.95M

Previous: -$20.5M+90.5%
Free Cash Flow

$44.4M

Previous: $34.1M+30.3%
Net Income

$46.3M

Previous: $54.5M-15.0%
Operating Income

$79.7M

Previous: $92.6M-13.9%
Gross Profit

$178M

Previous: $190M-6.3%
Cash & Equivalents

$188M

Previous: $204M-7.9%
Total Assets

$1.47B

Previous: $1.5B-2.3%

Revenue & EPS history

Weight Watchers · Revenue · Quarterly

$293M

Q3 2021-8.5%vs Q3 2020
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Revenue by segment

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

  • Subscription Revenues
    $203M

Forward guidance

The company updated its full year fiscal 2021 guidance, expecting revenues to be modestly above $1.2 billion and GAAP EPS to be in the range of $0.80 to $0.90 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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