Weight Watchers International, Inc. (WW) Tops Q4 EPS by 4c, Revenues Beat; Offers FY20 EPS/Revenues Guidance Above Consensus

Weight Watchers International, Inc. (NASDAQ: WW) reported Q4 EPS of $0.42, $0.04 better than the analyst estimate of $0.38. Revenue for the quarter came in at $333 million versus the consensus estimate of $330.63 million.

• Q4 2019 Revenues of $333 million; FY 2019 Revenues of $1.4 billion
• Q4 2019 EPS of $0.42; FY 2019 EPS of $1.72

“2020 is off to a terrific start. The global launch of the new myWW program is resonating in every market, the WW Presents: Oprah’s 2020 Vision tour in the U.S. has been engaging sold-out crowds to lead healthier lives and is reinforcing WW’s new positioning in wellness and weight loss, and great marketing execution by the teams around the world has driven strong performance in member signups year-over-year,” said Mindy Grossman, the Company’s President and CEO. “Right now, we have more than 5 million members globally – a new all-time record for WW.”

“We ended 2019 with 4.2 million subscribers, a record level for a year-end and up 8% from the end of 2018, with subscriber growth in all of our major geographic markets,” said Nick Hotchkin, the Company’s CFO, Operating Officer, North America and President, Emerging Markets. “Subscriber growth trends improved each quarter throughout the year, a testament to our global team’s focus and efforts to improve marketing execution. Member recruitment so far in 2020 has been well above the prior year, as expected, and is reflected in revenue and earnings growth guidance for full year 2020.”

GUIDANCE:

Weight Watchers International, Inc. sees FY2020 EPS of $2.15-$2.40, versus the consensus of $2.11. Weight Watchers International, Inc. sees FY2020 revenue of $1.6 billion, versus the consensus of $1.48 billion.

For earnings history and earnings-related data on Weight Watchers International, Inc. (WW) click here.

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