Published on 2 May 2024 on GuruFocus.com via Yahoo Finance
WW International Inc (WW) Q1 2024 Earnings: Misses Revenue Estimates Amidst Strategic ...
Revenue: Reported at $206.5 million for Q1 2024, surpassing estimates of $199.39 million.Net Loss: Substantial increase to $347.9 million, significantly exceeding the estimated loss of $33.07 million.Earnings Per Share (EPS): Recorded a loss of $4.39 per share, far exceeding the estimated loss of $0.43 per share.Gross Profit: Increased to $137.8 million, up 15.3% year-over-year, indicating improved cost management.Operating Loss: Expanded dramatically to $269.3 million due to substantial impairment charges.Subscriber Metrics: Ended the period with 4.0 million subscribers, stable year-over-year, amidst efforts to boost engagement and retention.Guidance: Maintains revenue outlook for 2024, anticipating growth in subscription revenues and strong adjusted operating income growth.
Warning! GuruFocus has detected 3 Warning Signs with WW.