Earnings

Weight Watchers (WW) shares plunge after mixed third-quarter results

0


Mindy Grossman took the helm of Weight Watchers in 2017. Under Grossman, the company shortened its name to WW. 

Getty Images

Shares of WW, formerly Weight Watchers, plunged as much as 15% on Tuesday after the company released mixed third-quarter results.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

  • Earnings per share: 68 cents per share vs. 66 cents per share expected
  • Revenue: $348.6 million vs. $353 million expected

WW reported third-quarter net income of $47.1 million, or 68 cents a share, down 33%, from $70.1 million, or $1 a share, in the year-ago quarter. Sales rose about 5%, to $348.6 million, from $365.8…



Source cnbc.com

TJX, Ross, Burlington benefit from ‘losers in the mall’

Previous article

Citi upgrades struggling WWE, says upside from here ‘looks attractive’

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Earnings