8-K
filed February 28, 2024, 6:59 PM ET
ticker WW
CIK 0000105319
earnings
confidence high
sentiment negative
materiality 0.80
WW Q4 net loss $88.1M (-$1.11 EPS); Oprah Winfrey leaves board, donates stock
WW INTERNATIONAL, INC.
2023-FY EPS reported
-$1.46
revenue$889,551,000
- Q4 revenue $206.0M (down 7.6% YoY); net loss $88.1M vs $35.8M loss in prior year.
- End of period subscribers 3.8M (+7% YoY), including 67k clinical subscribers.
- FY2024 guidance: total subscribers 3.8-4.0M, clinical subscribers 140k-160k.
- Oprah Winfrey will not stand for re-election at May 2024 annual meeting; board reduces to 9.
- Winfrey will donate all her WW stock to National Museum of African American History and Culture.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.7
WW INTERNATIONAL, INC. reported financial results for fiscal year ended December 30, 2023.
- Period
- fiscal year ended December 30, 2023
- Result
- reported results
Exact text from the filing
On February 28, 2024, WW International, Inc. (the “Company”) issued a press release announcing its financial results for its fiscal quarter and fiscal year ended December 30, 2023.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
WW INTERNATIONAL, INC. reported Full Year Fiscal 2023 results: revenue $889.6 million.
- Period
- Full Year Fiscal 2023
- Revenue
- $889.6 million
- Result
- reported results
Exact text from the filing
Full Year Fiscal 2023 ● Revenues of $889.6 million ● Gross margin of 59.5%; excluding the net impact of restructuring charges, adjusted gross margin of 61.9% ● Operating Income of $22.3 million; excluding the net impact of restructuring charges, acquisition transaction costs, and non-cash intangible impairment charges, adjusted operating income of $89.5 million
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
WW INTERNATIONAL, INC. updated its Full Year Fiscal 2024 guidance (initiated).
- Period
- Full Year Fiscal 2024
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
Company Provides Full Year Fiscal 2024 Guidance
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
WW INTERNATIONAL, INC. reported fiscal quarter ended December 30, 2023 results: revenue $206.0 million, net income ($88.1), EPS ($1.11).
- Period
- fiscal quarter ended December 30, 2023
- Revenue
- $206.0 million
- Net income
- ($88.1)
- EPS
- ($1.11)
- Result
- reported results
Exact text from the filing
Fourth Quarter 2023 ● End of Period Subscribers of 3.8 million, including 67 thousand End of Period Clinical Subscribers ● Revenues of $206.0 million ● Gross margin of 60.6%; excluding the net impact of restructuring charges, adjusted gross margin of 61.4% ● Operating Loss of $6.0 million; excluding the net impact of restructuring charges and non-cash intangible impairment charges, adjusted operating income of $21.3 million
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Oprah Winfrey departed as Director at WW INTERNATIONAL, INC..
- Action
- will not stand for re-election
- Role
- Director
Exact text from the filing
On February 26, 2024, Oprah Winfrey notified the Chairman of the Company’s Board of Directors (the “Board”) that she would not be standing for re-election as a member of the Board at the Company’s 2024 annual meeting of shareholders.
View on SEC.gov
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