Weight Watchers (WTW) Tops Q3 EPS by 14c; Raises Outlook

Weight Watchers (NYSE: WTW) reported Q3 EPS of $0.65, $0.14 better than the analyst estimate of $0.51. Revenue for the quarter came in at $323.7 million versus the consensus estimate of $319.4 million.

"Weight Watchers delivered strong performance across all major geographies in the third quarter, which resulted in high-quality earnings results," said Mindy Grossman, the Company\'s President and CEO. "We are excited about the upcoming winter season and the launch of our new program, which has received highly positive and enthusiastic feedback in consumer trials. We have a tremendous opportunity to continue to evolve Weight Watchers into a global, healthy living brand."

"Our solid financial performance continued with year-over-year revenue growth, gross margin expansion, increased profitability, and strong cash generation,\" said Nick Hotchkin, the Company\'s CFO. \"We are confident our business momentum will continue throughout the balance of the year, and therefore, we are raising our earnings guidance for the full year 2017.

GUIDANCE:

Weight Watchers sees FY2017 EPS of $1.77-$1.83, versus the consensus of $1.47.

For earnings history and earnings-related data on Weight Watchers (WTW) click here.

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