WW International, Inc. (WW) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.113 Thank you 00:00:04.197 -- 00:00:06.197 for 00:00:06.600 -- 00:00:09.882 joining us today 00:00:10.025 -- 00:00:11.908 for 00:00:11.908 -- 00:00:15.090 the Weight 00:00:15.513 -- 00:00:18.317 Watchers Investor 00:00:18.317 -- 00:00:20.317 Conference 00:00:20.721 -- 00:00:22.721 Call. 00:00:26.626 -- 00:00:32.194 Earlier this afternoon, we issued a press release reporting our first quarter 2025 results, 00:00:32.194 -- 00:00:36.300 as well as a subsequent press release announcing that we entered into an agreement with 00:00:36.300 -- 00:00:41.528 the requisite supermajority of our lenders and note holders in order to implement a financial 00:00:41.528 -- 00:00:43.110 reorganization. 00:00:43.110 -- 00:00:48.518 And as a result, we have commenced a voluntary pre-packaged Chapter 11 process. 00:00:48.518 -- 00:00:52.904 The purpose of this call is to provide investors with some further details regarding 00:00:52.904 -- 00:00:55.955 today's agreement and the company's progress. 00:00:55.955 -- 00:01:02.261 Both press releases are available on the company's corporate website located at corporate.ww.com. 00:01:03.004 -- 00:01:07.751 Supplemental investor materials and a summary of the agreement with the requisite supermajority 00:01:07.751 -- 00:01:12.377 of our lenders and note holders are also available on the company's corporate website 00:01:12.377 -- 00:01:14.900 under Events and Presentations. 00:01:14.900 -- 00:01:19.767 Reconciliations of non-GAAP financial measures disclosed on this conference call to the 00:01:19.767 -- 00:01:24.845 most directly comparable GAAP financial measures are also available as part of the press 00:01:24.845 -- 00:01:30.171 release reporting our first quarter 2025 results and the summary of the agreement...