WeightWatchers slips after tepid rev guidance

WW International

03/11/2023 13:28

** Shares of WW International  WW.O , also known as
WeightWatchers, down 4.9% at $7.83 premarket after Q3 report
    ** Weight-loss services firm late Thurs said expects FY2023
rev at low end of previous forecast rev range of $890-$901 mln
    ** For Q3, rev fell 14% yr/yr to ~$214.9 mln, below Street
consensus of $221.6 mln, per LSEG data
    ** Co said Q3 end of period subscribers up 6% yr/yr to 4 mln
    ** Craig-Hallum cuts its PT by $2 to $8
    ** 3 of 7 analysts on WW rate stock "buy", rest "hold";
median PT is $12.50 - LSEG
    ** Through Thurs close, stock has more than doubled YTD,
boosted by its announced acquisition in March of subscription
telehealth platform Sequence to enter the obesity drug
prescription business

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-646-279-6380))