Weight Watchers (WTW) Reports In-Line Q2 EPS; Guides In-Line
Weight Watchers (NYSE: WTW) reported Q2 EPS of $0.46, in-line with the analyst estimate of $0.46. Revenue for the quarter came in at $310 million versus the consensus estimate of $318.3 million.
GUIDANCE:
Weight Watchers sees FY2016 EPS of $0.90-$1.05, versus the consensus of $0.94.
"Our second quarter represents our third successive quarter of year-over-year member recruitment growth, keeping us on-track to deliver revenue and profit growth for the full year 2016. We are encouraged by our transformation momentum and the solid foundation we are building for 2017 and beyond," said Jim Chambers, the Company's President and Chief Executive Officer.
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