NASDAQ$WW

Weight Watchers International Inc. · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

WW International, Inc. announced its Q3 2023 results, demonstrating subscriber growth and strategic execution.

WW International, Inc. reported a 6% year-over-year increase in end-of-period subscribers, reaching 4.0 million. Revenues for Q3 2023 were $214.9 million. The company is updating its full year fiscal 2023 guidance with revenues expected to be at the low end of the previously provided range of $890.0 million to $910.0 million.

  • End of period subscribers increased by 6% year-over-year to 4.0 million.
  • Revenues for the third quarter were reported at $214.9 million.
  • Clinical subscribers increased by 23% from Q2, ending the quarter at 45 thousand.
  • Full year fiscal 2023 revenue is expected to be at the low end of the previously provided range.

Headline financials

Total Revenue

$215M

Previous: $250M-14.0%
EPS (adj)

$0.06

Previous: $0.45-86.7%
End of Period Subscribers

4.0M

Previous: 3.8M+5.3%
Capital Expenditures

-$2.14M

Previous: -$1.76M-22.0%
Free Cash Flow

$41.6M

Previous: -$208M+120.0%
Net Income

$43.7M

Previous: -$206M+121.2%
Operating Income

$30.6M

Previous: -$255M+112.0%
Gross Profit

$142M

Previous: $152M-7.0%
Cash & Equivalents

$107M

Previous: $188M-42.9%
Total Assets

$1.03B

Previous: $1.09B-5.5%
Stock-Based Comp

$3.23M

Previous: $3.38M-4.5%

Revenue & EPS history

Weight Watchers · Revenue · Quarterly

$215M

Q3 2023-14%vs Q3 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 is updating its full year fiscal 2023 guidance.

Tailwinds

  • Adjusted operating income is still expected to be towards the high end of the previously provided range of $80.0 million to $85.0 million.

Headwinds

  • Revenues are expected to be at the low end of the previously provided range of $890.0 million to $910.0 million.
  • Operating income is now expected to be in the range of $31.0 million to $43.0 million due to increased anticipated restructuring charges.

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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