WW International, Inc. (NASDAQ: WW) reported Q4 EPS of ($0.06), $0.05 better than the analyst estimate of ($0.11). Revenue for the quarter came in at $206 million versus the consensus estimate of $206.89 million.

GUIDANCE:

WW International, Inc. sees FY2024 revenue of $830-860 million, versus the consensus of $924 million.

Operating Income is expected to be in the range of $100.0 million to $110.0 million. Changes to modernize the Company’s technology organization required the Company to update its capitalized labor rate expectations. Based on these updated expectations, an estimated $9.0 million of expenses that were previously expected to be capitalized will now be reflected on the income statement in 2024. This shift in operating methodology does not impact cash.

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