WW (NASDAQ: WW) reported Q4 EPS of $0.18, $0.14 worse than the analyst estimate of $0.32. Revenue for the quarter came in at $323.4 million versus the consensus estimate of $312.34 million.

• Q4 2020 Gross Margin of 56.3%; excluding one-time charges, Q4 2020 adjusted gross margin increased year-over-year to 61.2%
• FY 2020 Gross Margin of 56.4%; excluding one-time charges, FY 2020 adjusted gross margin increased year-over-year to 58.1%
• Q4 2020 Operating Income of $48 million; excluding one-time charges, Q4 adjusted operating income was $67 million

“I am incredibly proud of what WW achieved in 2020,” said Mindy Grossman, the Company’s President and CEO. “By delivering an engaging, holistic member experience through an innovative digital platform, we drove membership growth, maintained all-time high member retention, expanded our e-commerce presence and capabilities, and reinforced WW’s position as a tech-enabled, human-centric weight loss and wellness leader. Our new membership tier, Digital 360, is being enthusiastically received by members and is building subscriber momentum. Today, WW is the leading weight loss and wellness digital subscription platform, with multiple membership verticals and revenue streams, creating a healthier and more sustainable business model.”

Amy O’Keefe, the Company’s CFO, said, “We had a strong finish to a year with unique challenges, driven by the growth of our Digital business with fourth quarter Digital end of period subscribers up 24% year-over-year. Our attractive Digital business model, the continued shift in subscriber mix and strong cost discipline enabled us to expand adjusted gross margin to over 61% in the quarter. We ended 2020 well-positioned to navigate a dynamic environment and drive cash flow and shareholder value.”

For earnings history and earnings-related data on WW (WW) click here.