NASDAQ$WW

Weight Watchers International Inc. · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

WW International's Q4 2022 results were announced, revealing a decrease in revenue and an operating loss primarily due to non-cash intangible impairment charges, but subscriber numbers exceeded expectations.

WW International, Inc. reported Q4 2022 revenues of $223.9 million and an operating loss of $50.8 million, primarily due to $57.6 million in non-cash intangible impairment charges. The company ended the year with 3.5 million subscribers, surpassing guidance. WW also announced an agreement to acquire Sequence, a digital health platform for clinical weight management.

  • Ended 2022 with 3.5 million subscribers, exceeding guidance.
  • Revenues for Q4 2022 were $223.9 million.
  • Operating loss of $50.8 million primarily due to non-cash intangible impairment charges.
  • Announced agreement to acquire Sequence, a digital health platform for clinical weight management.

Headline financials

Total Revenue

$224M

Previous: $276M-18.8%
EPS (adj)

-$0.01

Previous: $0.35-102.9%
End of Period Subscribers

3.5M

No prior period
Capital Expenditures

$309K

Previous: $21.5M-98.6%
Free Cash Flow

-$4.21M

Previous: $114M-103.7%
Net Income

-$32.5M

Previous: $12.6M-357.7%
Operating Income

-$50.8M

Previous: $47.7M-206.6%
Gross Profit

$127M

Previous: $182M-30.3%
Cash & Equivalents

$178M

Previous: $166M+7.5%
Total Assets

$1.03B

Previous: $1.48B-30.6%
Stock-Based Comp

$2.6M

Previous: $55M-95.3%

Revenue & EPS history

Weight Watchers · Revenue · Quarterly

$224M

Q4 2022-18.8%vs Q4 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Weight Watchers · $201M total across 1 segment · Q4 2022

  • Subscription Revenues
    $201M

Forward guidance

WW International expects Q1 2023 revenues to be approximately $235.0 million and anticipates an operating loss in the range of ($30.0) million to ($35.0) million, which includes approximately $20.0 million in restructuring charges.

Headwinds

  • Q1 2023 operating loss is expected to be in the range of ($30.0) million to ($35.0) million.
  • Operating loss includes approximately $20.0 million in 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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