Galloway Capital announces 8.42% stake in WW

Galloway Capital Partners announced that it has accumulated an ownership stake of approximately 8.42% in WW (WW) International. Galloway believes WW “is materially undervalued despite owning one of the world’s most recognized wellness brands and operating in the rapidly growing markets of weight management, metabolic health, GLP-1 support, and longevity.” It added, “Following its recent restructuring, WW reduced debt from approximately $1.4 billion to roughly $460 million while maintaining more than $220 million of cash on its balance sheet. Despite this improved capital structure, the Company’s market capitalization has fallen to less than $100 million…At current levels, WW trades at approximately 3.7x EBITDA, a substantial discount to peers in the digital health and wellness sector. Galloway also stated that the Company has an opportunity to recruit a transformational CEO with expertise in consumer health, digital wellness, and subscription-based healthcare platforms.”