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Weight Watchers (WTW) Posts Big Earnings Beat, Subscribers at Record Levels
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Weight Watchers Inc. (WTW - Free Report) just released its latest quarterly financial results, posting earnings of 56 cents per fully diluted share—31 cents per share when you take out a tax benefit—and revenues of $408.2 million.
Currently, WTW is a Zacks Rank #3 (Hold), but that could change based on today’s results. Shares of the company have gained about 9.7% over the past month but was down 4.15% during regular trading hours today.
The stock is currently up about 7.6% to $75.00 per share in after-hours trading shortly after its earnings report was released.
Weight Watchers:
Beat earnings estimates. The company posted earnings of 56 cents per share. Investors should note that Q1 EPS results include a 25 cent per fully diluted share tax benefit from Oprah Winfrey’s exercise of a portion of her stock options. Taking this out, EPS for the quarter comes to 31 cents per share, surpassing the Zacks Consensus Estimate of 6 cents per share.
Beat revenue estimates. The company saw revenue figures of $408.2 million, easily beating our consensus estimate of $375.05 million and growing 19.5% year-over-year.
Total subscribers hit a record 4.6 million, up 29% year-over-year thanks to growth in all major geographic markets.
Services revenues came in at $328.7 million, while WTW’s Product Sales and Other division hit $79.6 million.
As a result, Weight Watchers raised its fiscal 2018 earnings guidance to an EPS range of $3.00 to $3.20 per share.
"Driven by the enthusiastic, global response to our new WW Freestyle™ program, we ended the first quarter with 4.6 million subscribers – the highest level in the history of Weight Watchers and an increase of 1 million compared to a year ago. Member engagement has been incredible with members staying longer than ever before. Average retention is now well over 9 months," said Mindy Grossman, the Company's President and CEO.
Here’s a graph that looks at Weight Watchers’ recent earnings performance:
Weight Watchers International Inc Price, Consensus and EPS Surprise
Weight Watchers is the largest provider of weight control programs in the world. The core of their business is weekly meetings, in which they present their scientifically designed program, incorporating group support and education about healthy eating patterns, behavior modification and physical activity.
Check back later for our full analysis on WTW’s earnings report!
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Weight Watchers (WTW) Posts Big Earnings Beat, Subscribers at Record Levels
Weight Watchers Inc. (WTW - Free Report) just released its latest quarterly financial results, posting earnings of 56 cents per fully diluted share—31 cents per share when you take out a tax benefit—and revenues of $408.2 million.
Currently, WTW is a Zacks Rank #3 (Hold), but that could change based on today’s results. Shares of the company have gained about 9.7% over the past month but was down 4.15% during regular trading hours today.
The stock is currently up about 7.6% to $75.00 per share in after-hours trading shortly after its earnings report was released.
Weight Watchers:
Beat earnings estimates. The company posted earnings of 56 cents per share. Investors should note that Q1 EPS results include a 25 cent per fully diluted share tax benefit from Oprah Winfrey’s exercise of a portion of her stock options. Taking this out, EPS for the quarter comes to 31 cents per share, surpassing the Zacks Consensus Estimate of 6 cents per share.
Beat revenue estimates. The company saw revenue figures of $408.2 million, easily beating our consensus estimate of $375.05 million and growing 19.5% year-over-year.
Total subscribers hit a record 4.6 million, up 29% year-over-year thanks to growth in all major geographic markets.
Services revenues came in at $328.7 million, while WTW’s Product Sales and Other division hit $79.6 million.
As a result, Weight Watchers raised its fiscal 2018 earnings guidance to an EPS range of $3.00 to $3.20 per share.
"Driven by the enthusiastic, global response to our new WW Freestyle™ program, we ended the first quarter with 4.6 million subscribers – the highest level in the history of Weight Watchers and an increase of 1 million compared to a year ago. Member engagement has been incredible with members staying longer than ever before. Average retention is now well over 9 months," said Mindy Grossman, the Company's President and CEO.
Here’s a graph that looks at Weight Watchers’ recent earnings performance:
Weight Watchers International Inc Price, Consensus and EPS Surprise
Weight Watchers International Inc Price, Consensus and EPS Surprise | Weight Watchers International Inc Quote
Weight Watchers is the largest provider of weight control programs in the world. The core of their business is weekly meetings, in which they present their scientifically designed program, incorporating group support and education about healthy eating patterns, behavior modification and physical activity.
Check back later for our full analysis on WTW’s earnings report!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>