WW International Q2 revenue falls 15.8% to $226.8M; subs grow sequentially

WW INTERNATIONAL, INC.

2023-Q2 EPS reported -$0.91 revenue$468,724,000

Q2 revenues $226.8M, down 15.8% YoY; operating income $26.3M vs $13.4M prior year.
End-of-period subscribers 4.1M, first in-year sequential step-up; 3.7M full-year target raised.
FY2023 guidance: revenue $890-910M; adj. operating income expected at high end of $80-85M range.
Adjusted gross margin at record high; cost optimization from real estate and restructuring.
CEO: sign-ups (ex-Clinical) returned to growth one quarter earlier than previously forecast.

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 0.95

WW INTERNATIONAL, INC. reported second quarter of fiscal 2023 results: revenue $226.8 million, net income $50.8 million, EPS $0.65. Guidance raised.

Period: second quarter of fiscal 2023
Revenue: $226.8 million
Net income: $50.8 million
EPS: $0.65
Guidance: raised
Result: reported results

Exact text from the filing

Media: Kelsey Merkel kelsey.merkel@ww.com WW International, Inc. Announces Second Quarter 2023 Results • End of Period Subscribers of 4.1 million • Revenues of $226.8 million • Operating Income of $26.3 million; excluding the net impact of restructuring charges and acquisition transaction costs, adjusted operating income of $33.9 million • Full Year

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Source: SEC EDGAR

accession 0001193125-23-202878

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