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