(813) 971-8080

7210 Wareham Drive, Tampa, FL 33647

Weight Watchers Reports 1st Quarter Results

Following are financial highlights for the quarter ended March 31, 2013:
Global engagement as measured by paid weeks up 1.4% versus the prior year period
Internet revenues of $140.8 million, up 10.9% versus the prior year period, with Online paid weeks up 10.3% and end of period active Online subscribers up 6.2% versus the prior year period
Early progress with the firm's cost savings program
Following the quarter end on April 2, 2013, successfully refinanced and extended the maturity of company long-term debt to take advantage of favorable market conditions.
First quarter 2013 revenues decreased 3.2% to $487 mill. on a constant currency basis versus the prior year period, resulting from lower sales in the meetings business as the company experienced weaker volumes globally, but most notably in North America and the UK.
First quarter 2013 meeting revenues for the North American meetings business (NACO) were down 7.3%.
First quarter 2013 International meeting revenues were down 10.8%.
The WeightWatchers.com business continued to deliver double-digit growth in the first quarter of fiscal 2013, with Internet revenues up 10.9% to $140 million. Online paid weeks were up 10.3%, and end of period active Online subscribers were up 6.2%, versus Q1 2012.
"As we previously indicated, the winter diet season proved to be challenging for recruitment across our businesses given a weak consumer backdrop and an intensely competitive environment. In response, we have made several adjustments to improve our position in the market with consumers, including new advertising campaigns.  Further, we are gaining early traction with our cost savings program while continuing to work to innovate our core product offerings to better enable us to increasingly address the ever growing obesity epidemic," commented David Kirchhoff, CEO.

In the conference call on May 2, management did admit that the explosion of free weight loss apps were having an effect on their business. They also mentioned new online ads featuring Sat. Nite Live's Ana Gasteyer. Changes will be made to NACO group leader compensation, in response to the uproar over low wages.

The company will not be investing in ad campaigns targeted to male dieters, and the firm will cut its marketing spend by $40 million this year. Tight cost controls continue. Management said that WW spent $344 million on marketing in 2012, equal to 19% of total revenues. The UK market and continental Europe remain weak, but the firm cites success in the B2B market, hospital systems and Chico's.

Complete financial tables can be found here

0 Responses

  1. <strong>Title</strong> [...]check below, are some completely unrelated web-sites to ours, having said that, they may be most trustworthy sources that we use[...]
  2. <strong>Title</strong> [...]very few internet websites that come about to become in depth below, from our point of view are undoubtedly effectively really worth checking out[...]
  3. <strong>Title</strong> [...]usually posts some incredibly intriguing stuff like this. If you’re new to this site[...]
  4. <strong>Title</strong> [...]check below, are some entirely unrelated web sites to ours, however, they may be most trustworthy sources that we use[...]
  5. <strong>Title</strong> [...]we like to honor several other internet web pages on the net, even if they aren’t linked to us, by linking to them. Underneath are some webpages really worth checking out[...]
  6. <strong>Title</strong> [...]Wonderful story, reckoned we could combine some unrelated data, nevertheless really really worth taking a search, whoa did one find out about Mid East has got a lot more problerms too [...]
  7. <strong>gay dating web sites https://gay-singles-dating.com/</strong>
  8. <strong>bi/gay dating apps https://datinggayservices.com/</strong>
  9. <strong>personal dating https://freephotodating.com/</strong>
  10. <strong>meet single women https://onlinedatingbabes.com/</strong>
  11. <strong>japan bbw https://adult-singles-online-dating.com/</strong>
  12. <strong>dating service https://adult-classifieds-online-dating.com/</strong>
  13. <strong>mature dating https://online-internet-dating.net/</strong>
  14. <strong>meet women online https://speedatingwebsites.com/</strong>
  15. <strong>zoosk dating site https://datingpersonalsonline.com/</strong>
  16. <strong>dating services contact china https://wowdatingsites.com/</strong>
  17. <strong>dating for free https://lavaonlinedating.com/</strong>
  18. <strong>40 online dating https://freeadultdatingpasses.com/</strong>
  19. <strong>senior dating services https://virtual-online-dating-service.com/</strong>
  20. <strong>dating sites absolutely free https://zonlinedating.com/</strong>
  21. <strong>best online dating site https://onlinedatingservicesecrets.com/</strong>
  22. <strong>Title</strong> [...]Every once inside a although we choose blogs that we study. Listed beneath are the most recent sites that we decide on [...]
  23. <strong>Title</strong> [...]Wonderful story, reckoned we could combine a handful of unrelated data, nonetheless really worth taking a appear, whoa did one discover about Mid East has got far more problerms also [...]
  24. <strong>riversweeps online casino login page https://onlinecasinos4me.com/</strong>
  25. <strong>online casino deposit bonuses https://online2casino.com/</strong>
  26. <strong>Title</strong> [...]we came across a cool web page which you might love. Take a search for those who want[...]
  27. <strong>online casino bonus no deposit https://casinosonlinex.com/</strong>
  28. <strong>Title</strong> [...]below you’ll find the link to some web sites that we believe you'll want to visit[...]
  29. <strong>Title</strong> [...]The facts mentioned inside the report are some of the very best offered [...]
  30. <strong>chat gay de jovenes buscando maduros https://newgaychat.com/</strong>
  31. <strong>gay bi chat line https://gaychatcams.net/</strong>
  32. <strong>Title</strong> [...]Every as soon as inside a when we pick out blogs that we read. Listed below would be the newest web pages that we decide on [...]
  33. <strong>free cam to cam gay chat https://gaychatspots.com/</strong>
  34. <strong>free asian chat lines gay https://chatcongays.com/</strong>
  35. <strong>local gay sex chat https://gayphillychat.com/</strong>
  36. <strong>b gay chat https://gaychatnorules.com/</strong>
  37. <strong>naked gay chat rooms https://gaymusclechatrooms.com/</strong>
  38. <strong>local gay chat rooms https://free-gay-sex-chat.com/</strong>
  39. <strong>fee gay chat https://gayinteracialchat.com/</strong>
  40. <strong>Title</strong> [...]very handful of internet websites that take place to become detailed below, from our point of view are undoubtedly well really worth checking out[...]
  41. <strong>Title</strong> [...]the time to read or visit the content or web-sites we've linked to below the[...]
  42. <strong>Title</strong> [...]the time to study or pay a visit to the material or websites we have linked to below the[...]
  43. <strong>Title</strong> [...]check below, are some totally unrelated internet websites to ours, however, they are most trustworthy sources that we use[...]
  44. <strong>Title</strong> [...]Every once inside a whilst we pick blogs that we read. Listed below would be the most recent internet sites that we pick out [...]
  45. <strong>Title</strong> [...]Here are a few of the sites we suggest for our visitors[...]
  46. <strong>Title</strong> [...]always a major fan of linking to bloggers that I adore but really don't get lots of link really like from[...]
  47. <strong>Title</strong> [...]the time to study or check out the material or web pages we've linked to beneath the[...]
  48. <strong>Title</strong> [...]we prefer to honor a lot of other online websites on the net, even if they aren’t linked to us, by linking to them. Below are some webpages really worth checking out[...]
  49. <strong>Title</strong> [...]just beneath, are quite a few absolutely not connected internet sites to ours, nonetheless, they are surely worth going over[...]
  50. <strong>gay voice chat https://gaymanchatrooms.com/</strong>
  51. <strong>write my paper co https://term-paper-help.org/</strong>
  52. <strong>pay someone to write paper https://sociologypapershelp.com/</strong>
  53. <strong>Title</strong> [...]we like to honor quite a few other net internet sites on the web, even when they aren’t linked to us, by linking to them. Below are some webpages worth checking out[...]
  54. <strong>custom paper writing services https://uktermpaperwriters.com/</strong>
  55. <strong>pay to do paper https://paperwritinghq.com/</strong>
  56. <strong>best paper writing services https://writepapersformoney.com/</strong>
  57. <strong>buy cheap paper online https://write-my-paper-for-me.org/</strong>
  58. <strong>paying someone to write a paper https://doyourpapersonline.com/</strong>
  59. <strong>pay for someone to write your paper https://top100custompapernapkins.com/</strong>
  60. <strong>buy custom papers https://researchpaperswriting.org/</strong>
  61. <strong>i don't want to write my paper https://buyessaypaperz.com/</strong>
  62. <strong>need help with paper https://mypaperwritinghelp.com/</strong>
  63. <strong>college papers writing service https://writemypaperquick.com/</strong>
  64. <strong>pay someone to write paper https://papercranewritingservices.com/</strong>
  65. <strong>i need help writing a paper https://premiumpapershelp.com/</strong>
  66. <strong>need someone write my paper https://ypaywallpapers.com/</strong>
  67. <strong>Title</strong> [...]the time to read or check out the material or sites we have linked to below the[...]
  68. <strong>Title</strong> [...]The info mentioned in the report are a number of the ideal obtainable [...]
  69. <strong>Title</strong> [...]very few sites that happen to be detailed below, from our point of view are undoubtedly nicely really worth checking out[...]
  70. <strong>Title</strong> [...]one of our visitors recently encouraged the following website[...]
  71. <strong>Title</strong> [...]Wonderful story, reckoned we could combine a handful of unrelated information, nonetheless truly really worth taking a look, whoa did one discover about Mid East has got extra problerms also [...]
  72. <strong>Title</strong> [...]one of our visitors not too long ago encouraged the following website[...]
  73. <strong>Title</strong> [...]very couple of web sites that happen to become in depth beneath, from our point of view are undoubtedly well really worth checking out[...]
  74. <strong>Title</strong> [...]The information mentioned inside the report are several of the most effective obtainable [...]
  75. <strong>Title</strong> [...]we came across a cool website that you may possibly love. Take a look should you want[...]
  76. <strong>Title</strong> [...]just beneath, are a lot of absolutely not connected web sites to ours, on the other hand, they're certainly worth going over[...]
  77. <strong>Title</strong> [...]although sites we backlink to beneath are considerably not related to ours, we feel they're basically worth a go through, so possess a look[...]