Weight Watchers (WTW) Tops Q1 EPS by 1c; Raises Outlook

Weight Watchers (NYSE: WTW) reported Q1 EPS of ($0.17), $0.01 better than the analyst estimate of ($0.18). Revenue for the quarter came in at $306.9 million versus the consensus estimate of $308.9 million.

GUIDANCE:

Weight Watchers raises FY2016 EPS to $0.80-$1.05, versus the consensus of $0.87.

"Leveraging the success of our new Beyond the Scale program, we expect to deliver revenue and profit growth for the full year 2016 and we are raising our earnings guidance to a range of $0.80 to $1.05 per share," said Jim Chambers, the Company's President and Chief Executive Officer. "Our first quarter loss was smaller than we expected, and for the first time since 2012 we grew our total subscribers year-over-year, clearly demonstrating that our business is turning around."

For earnings history and earnings-related data on Weight Watchers (WTW) click here.

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