Nov. 5, 2021 WW International posted revenues of $293.5 million for the quarter ended September 2021, missing the Consensus Estimate by 7.64%. This compares to year-ago revenues of $320.7 million. The company has topped consensus revenue estimates just once over the last four quarters. According to CEO Mindy Grossman: “In the coming days, we will…
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WW’s CEO Mindy Grossman To Step Down
Oct. 2, 2021 WW International, Inc. (WW) announced that Mindy Grossman, President and CEO, who has led the brand's transformation since 2017, has decided to step down as President and CEO after the first quarter of 2022. Ms. Grossman will continue to lead the company until that time and will work with the Board of Directors…
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WW Reports 2nd Qtr. 2021 Results
Aug. 9, 2021 According to CEO Mindy Grossman: “We ended the quarter with 4.9 million subscribers, including 4.1 million Digital subscribers -- an all-time second quarter-end high and up 6% year-over-year, but below our expectations. The strong Digital year-over-year growth momentum in Q1 slowed in the second quarter as we cycled against strong Digital performance…
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Americans Pack On The Pounds During Pandemic
March 23, 2021 Just as we thought, lots of Americans gained a significant amount of weight the past year due to the pandemic, forced to stay away from gyms and be sedentary at home. And, the obesity rate at 42% of adults, was already at record highs. Great news for weight loss program providers, lots…
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Marketdata Publishes New Weight Loss Report: Findings
March 18, 2021 Marketdata LLC, has just released the new 16th edition of its best-selling report: "The U.S. Weight Loss & Diet Control Market". This is a 438-page analysis of ALL segments of the market -- commercial chains, medical programs, diet foods, soft drinks, meal replacements, diet books, Rx diet drugs, bariatric surgeries, the health…
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Private Equity Likes Weight Loss Investments
March 1, 2021 When looking at recent deals, it's clear that private equity investment companies really like to invest in the weight loss space. And, they make some good profits on companies they purchase and flip to other buyers. Here are a few of the deals completed in recent years: Private equity fund HIG Capital…
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WW Reports Full Year 2020 Results
Feb. 26, 2021 Weight Watchers reported results of the 4th quarter and full tear 2020. Management said that: "...Our new membership tier, Digital 360, is being enthusiastically received by members and is building subscriber momentum. Today, WW is the leading weight loss and wellness digital subscription platform, with multiple membership verticals and revenue streams, creating…
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Tivity Health Bails Out on NutriSystem Too Early
Tivity Health, a healthcare organization in the Southeast U.S., acquired NutriSystem, the weight loss company, in December 2018. Tivity ran NutriSystem under its Nutrition division for about 18 months, then wound up selling it, at a big loss, to private equity firm Kainos Capital. On Oct. 19, 2020 Kainos Capital agreed to acquire NutriSystem, from…
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