NASDAQ$WW

Weight Watchers International Inc. · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

WW International, Inc. announced Q4 2023 results, which included revenues of $206.0 million and an operating loss of $6.0 million.

WW International, Inc. reported Q4 2023 results, with revenues of $206.0 million. The company's end-of-period subscribers reached 3.8 million, a 7.1% increase year-over-year. The company returned WeightWatchers to year end subscriber growth – for the first time in 3 years - up 7% year-over-year.

  • End of Period Subscribers reached 3.8 million, a 7.1% increase year-over-year.
  • Revenues totaled $206.0 million.
  • Gross margin was 60.6%, with an adjusted gross margin of 61.4% excluding restructuring charges.
  • Operating Loss was $6.0 million, with an adjusted operating income of $21.3 million excluding restructuring and impairment charges.

Headline financials

Total Revenue

$206M

Previous: $224M-8.0%
EPS (adj)

-$0.06

Previous: -$0.01-500.0%
End of Period Subscribers

3.8M

Previous: 3.5M+8.5%
End of Period Clinical Subscribers

67.0K

No prior period
Capital Expenditures

-$7.97M

Previous: $309K-2678.6%
Net Income

-$88.1M

Previous: -$32.5M-171.2%
Operating Income

-$6.01M

Previous: -$50.8M+88.2%
Gross Profit

$125M

Previous: $127M-1.7%
Stock-Based Comp

$2.35M

Previous: $2.6M-9.6%

Revenue & EPS history

Weight Watchers · Revenue · Quarterly

$206M

Q4 2023-8%vs Q4 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 providing the following full year fiscal 2024 guidance: Revenues are expected to be in the range of $830.0 million to $860.0 million, reflecting a $55 million year-over-year headwind from the strategic decision to wind down the Company’s low-margin consumer products business. Operating Income is expected to be in the range of $100.0 million to $110.0 million.

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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