WW Up after Sequence Acquisition but Q4 Results Miss Estimates
Market News

WW Up after Sequence Acquisition but Q4 Results Miss Estimates

Shares of WW International (NASDAQ: WW), formerly Weight Watchers International soared in pre-market trading on Tuesday as the company that offers weight loss and maintenance programs confirmed the acquisition of Sequence for $132 million ( including a minimum of $26 million of cash on the balance sheet of Weekend Health or Sequence). Sequence is a company that offers treatment for weight loss.

The acquisition is expected to close in the second quarter of this year and Sequence had around 22,000 members at the end of February.

Moreover, WW also announced its fiscal Q4 results and swung to a loss of $0.46 per share versus a profit of $0.42 in the same period last year while analysts were expecting a profit of $0.03 per share.

Meanwhile, revenues declined by 18.8% year-over-year to $223.9 million in Q4 and fell short of consensus estimates of $236.2 million. At the end of the fourth quarter, WW had subscribers of 3.5 million, a drop of 14.6% year-over-year.

Looking forward, the company’s management expects Q1 revenues to be around $235 million while operating losses are projected to be between $30 million and $35 million.

WW stock has not fared well in the past year and is down by more than 55%.

Related Articles
TipRanks Auto-Generated NewsdeskWW International Reports Q3 2024 Financial Results
TheFlyWW International reports Q3 adjusted EPS 24c, consensus 6c
TheFlyWW sees FY24 revenue of at least $770M, consensus $775.46M
Go Ad-Free with Our App