Reports Q4 revenue $223.92M, consensus $224.53M. The company reported end of period subscribers of 3.5M. "It has been nearly one year since I joined WeightWatchers – a time of significant transition, rationalization, and bold moves throughout the organization. We ended 2022 with 3.5 million subscribers, ahead of our guidance, improving our position as we started the year," said Sima Sistani, the company’s CEO. "Our member engagement and satisfaction metrics are up, demonstrating that our initiatives to improve the experience and brand are having a positive impact. We expect performance trends to improve throughout the year as we benefit from our data-informed approach to member acquisition, increased efficiency from streamlined operations, and new product features to enhance the member experience. We look forward to upcoming launches focused on creating community, supporting members, and enabling key behaviors, as well as our entry into clinical weight management."
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on WW:
- WW Up after Sequence Acquisition but Q4 Results Miss Estimates
- WeightWatchers to Acquire Sequence, a Digital Health Platform for Clinical Weight Management
- WW International, Inc. Announces Fourth Quarter and Full Year 2022 Results
- Weight Watchers options imply 23.2% move in share price post-earnings
- WW International, Inc. to Present at the Morgan Stanley Technology, Media and Telecom Conference
