WW International reports Q1 operating loss of $28.6M, revenue falls 18.8% YoY

WW INTERNATIONAL, INC.

2023-Q1 EPS reported -$1.68 revenue$241,895,000

Q1 revenue $241.9M, down 18.8% YoY; operating loss $28.6M vs $9.0M profit last year.
End-of-period subscribers 4.0M, down 11.5% YoY; Digital subs 3.3M (-15%), Workshops+Digital 0.8M (+6.8%).
Net loss $118.7M, EPS -$1.68 (prior year -$0.12); adjusted operating loss $5.9M.
FY2023 guidance: revenue $910-930M, operating income $48-60M, adjusted operating income $80-85M.
Heather Stark formally appointed CFO, effective immediately; she had served as interim since December 2022.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

WW INTERNATIONAL, INC. reported fiscal quarter ended April 1, 2023 results: revenue $241.9 million, net income ($118.7) million, EPS ($1.68). Guidance initiated.

Period: fiscal quarter ended April 1, 2023
Revenue: $241.9 million
Net income: ($118.7) million
EPS: ($1.68)
Guidance: initiated
Result: reported results

Exact text from the filing

WW International, Inc. Announces First Quarter 2023 Results • End of Period Subscribers of 4.0 million • Revenues of $241.9 million • Operating Loss of $28.6 million; excluding the net impact of restructuring charges, adjusted operating loss of $5.9 million • Full Year Fiscal 2023 Guidance: ¡ Revenues are expected to be in the range of $910.0 million to $930.0 million

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Source: SEC EDGAR

accession 0001193125-23-135903

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