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WW International, Inc. (WW)
NASDAQ:WW
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WW International, Inc.
(NASDAQ:WW)
Rating:33Underperform
Price Target:―
Positive Factors
Profitability
WW's cost reduction program is starting to bear fruit with strong 4Q profitability.
Revenue Growth
Revenue estimates are increasing due to clinic strength.
Negative Factors
Market Visibility
There is heavy pressure on the behavioral business with no FY25 guidance, leading to limited visibility into trends.
Marketing Challenges
2025 is off to a rocky start in the core behavioral business as the marketing environment remains challenging.
WW International, Inc. (WW) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$321.38M
Dividend YieldN/A
Average Volume (3M)372.65K
Price to Earnings (P/E)0.3
Beta (1Y)0.36
Revenue Growth-10.33%
EPS Growth79.59%
CountryUS
Employees3,700
SectorConsumer Cyclical
Sector Strength75
IndustryPersonal Products & Services
Share Statistics
EPS (TTM)9.70
Shares Outstanding9,986,928
10 Day Avg. Volume470,495
30 Day Avg. Volume372,650
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap1.85
Enterprise Value/Revenue0.78
Enterprise Value/Gross Profit1.12
Enterprise Value/Ebitda13.10
Forecast
1Y Price Target
$41.00Price Target Upside27.41% Upside
Rating ConsensusHold
Number of Analyst Covering1
WW International, Inc. Business Overview & Revenue Model
Company DescriptionWW International, Inc. provides weight management products and services worldwide. The company operates in four segments: North America, Continental Europe, United Kingdom, and Other. It offers a range of nutritional, activity, behavioral, and lifestyle tools and approaches products and services. The company also provides various digital subscription products to wellness and weight management business, which provide interactive and personalized resources that allow users to follow its weight management program through its app and Web-based products, including personal coaching and digital products; and allows members to inspire and support each other by sharing their experiences with other people on weight management and wellness journeys. In addition, it offers various consumer products, including bars, snacks, cookbooks, kitchen tools, and other products. Further, the company licenses its trademarks and other intellectual property in food, beverages, and other relevant consumer products and services, as well as provides publishing services. It offers products through e-commerce platforms and through partners. The company was formerly known as Weight Watchers International, Inc. and changed its name to WW International, Inc. in September 2019. WW International, Inc. was founded in 1961 and is headquartered in New York, New York.
How the Company Makes MoneyWW International generates revenue primarily through its subscription-based model. The company's key revenue streams include digital subscription packages, which provide access to the WW app and online community, as well as in-person and virtual workshops that offer guidance and support from trained coaches. Additionally, WW International earns from sales of branded products, including food items and wellness tools. Partnerships with other companies in the health and wellness space, as well as corporate wellness programs, also contribute to its earnings.
WW International, Inc. Earnings Call Summary
Earnings Call Date:Jul 31, 2025
(Q2-2025)
| % Change Since: -23.73%|
Next Earnings Date:Oct 30, 2025
Earnings Call Sentiment Neutral
WeightWatchers has made significant strides in debt reduction and strategic reorganization, evident in its relisting on NASDAQ and increased ARPU. However, these positives are countered by challenges in subscriber retention, revenue decline, and media impact from bankruptcy. The transition from compounded semaglutide also presents near-term headwinds.Q2-2025 Updates
Positive Updates
Significant Debt Reduction
WeightWatchers reduced its debt by more than 70%, freeing up approximately $50 million of cash annually from lower interest expense.
NASDAQ Relisting
WeightWatchers is now relisted on NASDAQ under the ticker WW, marking a pivotal moment in its strategic reorganization.
Increase in ARPU
Monthly subscription revenues per average subscriber (ARPU) increased by 12% year-over-year in the second quarter, driven by a shift towards Clinical subscribers.
Clinical Revenue Growth
Clinical revenue grew by 55% year-over-year, largely due to compounded semaglutide subscriptions.
Operational Excellence and Cost Savings
The company has substantially completed its $100 million run rate cost savings and continues to optimize its cost base.
Negative Updates
Decline in Total Subscribers
Total end-of-period subscribers declined 17% year-over-year in Q2, ending at 3.2 million, with behavioral member acquisition remaining challenged.
Revenue Decline
Revenues of $189 million declined 6% versus the prior year due to acquisition challenges in the behavioral business.
Bankruptcy-related Media Impact
Extensive bankruptcy-related media coverage affected consumer sentiment and acquisition, impacting behavioral member acquisition.
Challenges with Compounded Semaglutide Transition
Transitioning members from compounded semaglutide to FDA-approved medications presents challenges, with expectations that the majority of affected members will roll off the platform.
Company Guidance
During the WeightWatchers Second Quarter 2025 Earnings Conference Call, the company provided guidance on its financial and strategic direction following a successful reorganization. WeightWatchers reduced its debt from $1.6 billion to $465 million, freeing up approximately $50 million in cash annually from lower interest expenses. The company now has 10 million shares outstanding, with 91% held by lenders and note holders, and 9% by pre-organization shareholders. Despite facing a 6% decline in revenues to $189 million and a 17% drop in end-of-period subscribers, WeightWatchers saw a 12% increase in ARPU driven by clinical subscribers. The company aims to achieve total combined revenues of $685 million to $700 million and an adjusted EBITDA of $140 million to $150 million for fiscal 2025. Strategic priorities include building a unified member experience, growing emerging and adjacent revenue streams, revitalizing the brand, and driving operational excellence, with a focus on long-term sustainable growth and innovation in weight health solutions.WW International, Inc. Financial Statement Overview
Summary
Income Statement
Balance Sheet
Cash Flow
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 765.94M | 776.99M | 889.55M | 1.04B | 1.21B | 1.38B |
| Gross Profit | 528.14M | 533.10M | 529.30M | 622.40M | 726.36M | 777.84M |
| EBITDA | 45.31M | -194.89M | 74.73M | -244.95M | 266.68M | 336.28M |
| Net Income | -70.39M | -345.70M | -112.25M | -251.40M | 67.13M | 75.08M |
Balance Sheet | ||||||
| Total Assets | 696.87M | 550.28M | 982.03M | 1.03B | 1.43B | 1.48B |
| Cash, Cash Equivalents and Short-Term Investments | 236.35M | 53.02M | 109.37M | 178.33M | 153.79M | 165.89M |
| Total Debt | 1.65B | 1.48B | 1.49B | 1.51B | 1.52B | 1.62B |
| Total Liabilities | 1.88B | 1.66B | 1.74B | 1.71B | 1.89B | 2.03B |
| Stockholders Equity | -1.18B | -1.11B | -761.09M | -683.82M | -456.40M | -548.21M |
Cash Flow | ||||||
| Free Cash Flow | 19.42M | -17.56M | -29.61M | 38.39M | 119.63M | 85.51M |
| Operating Cash Flow | 34.19M | -16.84M | 6.69M | 76.65M | 157.28M | 135.94M |
| Investing Cash Flow | -14.78M | -16.41M | -74.70M | -42.64M | -52.75M | -65.59M |
| Financing Cash Flow | 154.52M | -17.34M | -2.75M | -4.72M | -111.54M | -95.54M |
WW International, Inc. Risk Analysis
WW International, Inc. disclosed 40 risk factors in its most recent earnings report. WW International, Inc. reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
WW International, Inc. Peers Comparison
Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $17.86M | 12.85 | 23.48% | ― | 12.93% | 66.81% | |
61 Neutral | $17.23B | 11.51 | -5.97% | 3.09% | 1.47% | -15.79% | |
48 Neutral | $143.21M | 39.53 | 1.73% | ― | -37.62% | -87.69% | |
41 Neutral | $6.44M | ― | -259.75% | ― | 445.72% | 84.92% | |
33 Underperform | $321.38M | 0.27 | 31.02% | ― | -10.33% | 79.59% |
* Consumer Cyclical Sector Average
Performance Comparison
WW
WW International, Inc.
31.74
1.54
5.10%
MED
Medifast
13.19
-6.22
-32.05%
MRM
MEDIROM Healthcare Technologies
2.12
-0.62
-22.63%
TRNR
Interactive Strength Inc
4.16
-460.74
-99.11%
WW International, Inc. Corporate Events
Delistings and Listing ChangesLegal Proceedings
WW International Faces Nasdaq Delisting Amid Bankruptcy
Negative
May 9, 2025
On May 9, 2025, WW International, Inc. received a notice from Nasdaq indicating the delisting of its common stock due to the company’s voluntary Chapter 11 bankruptcy filing on May 6, 2025. The company plans to appeal the delisting and intends to list its new common equity on Nasdaq or another national exchange post-reorganization. Meanwhile, its stock will trade on the Pink Current Market, though there are uncertainties about its trading volume and broker-dealer support.
Spark’s Take on WW Stock
According to Spark, TipRanks’ AI Analyst, WW is a Neutral.
WW International’s stock score reflects significant financial struggles, with declining revenues and negative cash flows. The bankruptcy filing exacerbates financial instability, overshadowing positive strategic measures discussed in the earnings call. Technical indicators show limited positive momentum, and the valuation remains unattractive due to ongoing financial challenges.
To see Spark’s full report on WW stock, click here.
Legal ProceedingsBusiness Operations and Strategy
WW International Files for Chapter 11 Bankruptcy
Negative
May 7, 2025
On May 6, 2025, WW International, Inc. filed for Chapter 11 bankruptcy to implement a financial restructuring plan aimed at reorganizing its secured debt. The company has entered into a Restructuring Support Agreement with major creditors to support this reorganization, which includes milestones and conditions for its execution. The plan ensures that vendors and unsecured creditors will be paid in full, and it outlines the distribution of equity in the reorganized company. The restructuring is expected to impact the company’s operations and stakeholder interests, with equity holders potentially facing significant losses.
Spark’s Take on WW Stock
According to Spark, TipRanks’ AI Analyst, WW is a Neutral.
WW International’s stock score reflects significant financial struggles, with declining revenues and negative cash flows. The earnings call provides some optimism with strategic initiatives and cost-saving measures, but high debt levels and losses weigh heavily. Technical indicators show some positive momentum, but the valuation remains unattractive due to financial instability.
To see Spark’s full report on WW stock, click here.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―