Weight Watchers Announces First Quarter 2016 Results and Raises Full Year 2016 Guidance <WTW.N> For best results when printing this announcement, please click on the link below:
* Global End of Period Subscribers returned to growth, up 5% year-over-year to 3.1 million
* Core North America business leading turnaround, with North America:
* End of Period Subscribers up 11% year-over-year * Paid Weeks up 6% year-over-year * Attendance at meetings up 18% year-over-year
* Full year 2016 EPS guidance raised to a range of $0.80 to $1.05
* Incorporating the $0.17 loss per share in Q1 2016 * Reflecting expected revenue and profit growth in Q2 2016 and for the full year
Weight Watchers International, Inc. (NYSE: WTW) today announced its results for the first quarter of fiscal 2016 and raised full year fiscal 2016 earnings guidance.
"Leveraging the success of our new Beyond the Scale program, we expect to deliver revenue and profit growth for the full year 2016 and we are raising our earnings guidance to a range of $0.80 to $1.05 per share," said Jim Chambers, the Company's President and Chief Executive Officer. "Our first quarter loss was smaller than we expected, and for the first time since 2012 we grew our total subscribers year-over-year, clearly demonstrating that our business is turning around."
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