WW International, Inc. (WW) Q3 Revenues Miss
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WW Announces Third Quarter 2022 Results
November 3, 2022 4:01 PM EDTQ3 2022 End of Period Subscribers of 3.8 millionQ3 2022 Revenues of $249.7 millionQ3 2022 Gross Margin of 61.0%Q3 2022 Operating Loss of $254.5 million primarily due to $312.7 million in non-cash intangible impairment charges for Franchise Rights Acquired; Q3 2022 Adjusted Operating Income of $61.9 million excluding the impact of such impairment charges and the net impact of restructuring charges Revised FY 2022 Guidance: Revenues are expected to be approximately $1.04 billion and GAAP diluted net loss per share is expected to be in the range of ($3.16) to... More
