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Stock impact report

WW International's Slimmed-Down Profits: Cost Cuts Help, But Subscriber Losses Weigh On Q3 Results [Yahoo! Finance]

WW International, Inc. (WW) 
Last ww international, inc. earnings: 4/28 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Net revenues for the quarter declined 10.2% year-over-year to $192.9 million, missing the consensus of $193.439 million. Subscription revenues were down 6% YoY, while other revenues fell 85.6%. Adjusted gross profit was $133.3 million, down from $142.2 million a year ago. The adjusted gross margin stood at 69.1%, up from 66.2% YoY, reflecting cost reductions and discontinuation of lower-margin consumer products. The company's third-quarter adjusted operating income was $35.7 million, excluding major impairment, restructuring, and CEO separation costs, compared to $36.6 million a year ago. Adjusted EPS was $0.24, down from $0.60 in the prior year's quarter and above the consensus of $0.06. End of period subscribers fell 8.8% overall, with Digital segments declining, but Clinical subscribers rose 71.5% to 78,000. Total Paid Weeks dropped 7.4%, offset slightly by growth in Clinical Paid Weeks. Net cash used in operating activities for the nine months totaled $21.447 million, c Show less Read more
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