WeightWatchers Q2 revenue down 10.9% to $202.1M, announces $100M restructuring plan, CTO departs

WW INTERNATIONAL, INC.

2024-Q2 EPS reported -$4.09 revenue$408,621,000

Revenues $202.1M (down 10.9% YoY); net income $23.3M (down 54.2%); EPS $0.29 (down 54.9%).
End of period subscribers 3.8M (down 6.1%); Clinical subscribers 81k (up 119.8% YoY).
Restructuring plan targeting $100M annual run-rate cost savings; expects $12-15M charges in H2 2024.
CTO Pierre-Olivier Latour to depart Aug 9, 2024; severance up to ~$427k plus salary continuation.

item 2.02 item 2.05 item 5.02 item 9.01

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Departed

Pierre-Olivier Latour

Chief Technology Officer

WW · WW INTERNATIONAL, INC.

Effective: 2024-08-09
Filed: August 1, 2024, 7:59 PM ET

the elimination of the position of Chief Technology Officer effective August 9, 2024 and the related departure from the Company of Pierre-Olivier Latour

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Pierre-Olivier Latour departed as Chief Technology Officer at WW INTERNATIONAL, INC..

Action: departed
Role: Chief Technology Officer

Exact text from the filing

the elimination of the position of Chief Technology Officer effective August 9, 2024 and the related departure from the Company of Pierre-Olivier Latour

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WW INTERNATIONAL, INC. filing history →

Source: SEC EDGAR

accession 0001193125-24-190580

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