Weight Watchers (WTW) Tops Q2 EPS by 13c, Revenues Slightly Beat; Boosts FY18 EPS Outlook

Weight Watchers (NYSE: WTW) reported Q2 EPS of $1.01, $0.13 better than the analyst estimate of $0.88. Revenue for the quarter came in at $409.7 million versus the consensus estimate of $409.55 million.

"Our WW FreestyleTM program is resonating globally, driving continued strong performance in all of our major markets. We ended the second quarter with 4.5 million subscribers – an increase of 1 million compared to a year ago – as our momentum continued during our first global, summer marketing campaign," said Mindy Grossman, the Company\'s President and CEO. "We have embarked on an exciting journey – from being the global leader in weight management to becoming the world\'s partner in wellness. We are looking forward to the upcoming launch of our first-ever member rewards and loyalty program and to presenting our brand in a new, modernized and culturally-relevant way. We expect that these moves will appeal to both new and existing members who are looking for a partner and a community to inspire their wellness journey."

"We delivered strong revenue growth and continued margin expansion in the second quarter of 2018, building upon the impressive results we saw earlier in the year," said Nick Hotchkin, the Company's CFO. "With continued momentum expected in the second half of the year, we have raised our earnings guidance for 2018."

GUIDANCE:

Weight Watchers sees FY2018 EPS of $3.10-$3.25, versus the consensus of $2.90.

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

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