Business
WW Announces Fourth Quarter and Full Year 2019 Results and Provides Full Year 2020 Guidance
FY 2019 End of Period Subscribers up 8% year-over-year to 4.2 million, an all-time year-end high Q4 2019 Revenues of $333 million; FY 2019 Revenues of $1.4
About this update from Ww International, Inc.
[{"type":"text","content":"FY 2019 End of Period Subscribers up 8% year-over-year to 4.2 million, an all-time year-end high Q4 2019 Revenues of $333 million; FY 2019 Revenues of $1.4 billion Q4 2019 EPS of $0.42; FY 2019 EPS of $1.72 FY 2020 guidance: Revenues approaching $1.6 billion and EPS range of $2.15 to $2.40 NEW YORK, Feb. 25, 2020 (GLOBE NEWSWIRE) -- WW International, Inc. (NASDAQ: WW) today announced its results for the fourth quarter and full year fiscal 2019 and provided its full year fiscal 2020 guidance.\n “2020 is off to a terrific start. The global launch of the new myWW program is resonating in every market, the WW Presents: Oprah’s 2020 Vision tour in the U.S. has been engaging sold-out crowds to lead healthier lives and is reinforcing WW’s new positioning in wellness and weight loss, and great marketing execution by the teams around the world has driven strong performance in member signups year-over-year,” said Mindy Grossman, the Company’s President and CEO. “Right now, we have more than 5 million members globally – a new all-time record for WW.” “We ended 2019 with 4.2 million subscribers, a record level for a year-end and up 8% from the end of 2018, with subscriber growth in all of our major geographic markets,” said Nick Hotchkin, the Company’s CFO, Operating Officer, North America and President, Emerging Markets. “Subscriber growth trends improved each quarter throughout the year, a testament to our global team’s focus and efforts to improve marketing execution. Member recruitment so far in 2020 has been well above the prior year, as expected, and is reflected in revenue and earnings growth guidance for full year 2020.” Q4 2019 Consolidated Results % Change % ChangeAdjusted forConstantCurrency(1) Three Months Ended December 28, December 29, 2019 2018 (in millions except percentages and per share amounts) Service Revenues, net$ 288.7 $ 288.8 (0.0%) 0.8%Product Sales and Other, net 43.9 41.6 5.5% 6.4%Revenues, net$ 332.6 $ 330.4 0.7% 1.5%Operating Income$ 65.9 $ 80.3 (18.0%) (16.7%)Net Income*$ 29.4 $ 43.8 (32.9%) (31.2%)EPS$ 0.42 $ 0.63 (33.0%) (31.3%) Total Paid Weeks 56.9 53.8 5.7% N/A Digital(2) Paid Weeks 39.3 34.7 13.4% N/A Studio + Digital(3) Paid Weeks 17.6 19.2 (8.2%) N/A End of Period Subscribers(4) 4.2 3.9 8.0% N/A Digital Subscribers 3.0 2.6 15.1% N/A Studio + Digital Subscribers 1.3 1.3 (5.8%) N/A _______________________...