简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:Weight Watchers reports first quarter earnings after Thursday's closing bell. The company had previously warned of decreasing revenues.
Weight Watchers is set to report first-quarter earnings after the market close on Thursday.The company's shares have been under pressure in 2019 despite a shift to app-based services.Watch Weight Watchers trade live.Weight Watchers will report earnings after Thursday's closing bell.Here's what analysts surveyed by Bloomberg are expecting:Adjusted loss per share: $0.26Revenue: $365.6 millionEBIT: $80.3 millionManagement had previously warned of decreasing revenues on its fourth-quarter call, referencing a “slow start” to the 2019 diet season. The company has sought to introduce new innovations to its business in recent years, such as the Weight Watchers app, which operates via a subscription service. The app assigns every food you eat a point value with users having a point limit for each week.In March 2018, Weight Watchers spokesperson Oprah Winfrey sold 1 million shares of the company, avoiding losses in the tens of millions of dollars. The company's previously shares soared on the affiliation of Winfrey and other celebrities, such as DJ Khaled. In May 2018, the company's weight-control program reported a record 4.6 million subscribers. Shares to a record high of $105.60 in June.Since then, however, subscribers have fallen significantly, to 3.2 million at the end of 2018. That has put pressure on shares, which have plunged 70% to about $20 apiece. At current prices, Winfrey has made nearly tripled her 2015 investment in Weight Watchers and at one point owned 10% of the company.Weight Watchers is down 49% this year.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
The week ahead: 5 things to watch.
Unlike Uber, Lyft has been tight-lipped about just how bad its rides business has been hurt — and it doesn't have a food-delivery arm to ease losses.
Amazon's Q1 earnings could give more insights into how exactly the coronavirus pandemic is affecting its business, and the broader e-commerce space.
Amazon's Q1 earnings could give more insights into how exactly the coronavirus pandemic is affecting its business, and the broader e-commerce space.