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Weight Watchers International, Inc. (NYSE:WTW) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 14.34%.
Weight Watchers International, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 20% to $0.96 in the quarter versus EPS of $0.86 in the year-earlier quarter.
Revenue: Rose 1.65% to $407.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Weight Watchers International, Inc. reported adjusted EPS income of $0.96 per share. By that measure, the company beat the mean analyst estimate of $0.87. It beat the average revenue estimate of $397.56 million.
Quoting Management: “While 2012 set a Company record for combined global meetings members and global Weight Watchers Online subscribers, we have been disappointed by our recruitment trends thus far in 2013,” commented David Kirchhoff, Chief Executive Officer of the Company. “Our current marketing has not been as effective in this tough economic and increasingly competitive environment. In this context, we are taking appropriate steps to address these near-term challenges while continuing to pursue our long-term growth strategies. We are providing a 2013 full-year guidance range of $3.50 to $4.00 per fully diluted share.”
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