Weight Watchers International

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Re: Weight Watchers International

Bericht door vogelspotter » 06 aug 2019 23:13

Weight Watchers CEO: We are making a comeback

Brian Sozzi
Editor-at-Large

Yahoo FinanceAugust 06, 2019


Another comeback quarter for Weight Watchers (WW) is in the books.

The health and wellness brand reported second quarter earnings of 78 cents a share on Tuesday after the close, dusting Wall Street estimates for 65 cents a share. Total revenue came in at $369 million versus analyst projections for $377 million.

The company’s closely watched subscriber count clocked in at 4.6 million, up about 1.5% from a year ago, powered by new digital additions. The figure was generally in line with most numbers on Wall Street.

Weight Watchers CEO Mindy Grossman tells Yahoo Finance the company continued to see improvements in client retention and customer acquisition in the second quarter. Grossman adds that momentum in the business has been sustained into the third quarter.

Apparently the strength is enough for Weight Watchers to strike an upbeat note ahead of a new diet plan and fresh marketing plan that will be unveiled in the key early 2020 dieting season. Weight Watchers sees full year sales of $1.4 billion and earnings of $1.55 to $1.70 a share. Previously, the company had guided to $1.4 billion in sales and earnings of $1.35 to $1.55 a share.

Shares of the company popped more than 12% in after-hours trading Tuesday.

It was just this past February when Weight Watchers materially slashed its full year profit outlook owing to a disappointing consumer response to its new brand positioning. Prior to Tuesday’s earnings release, Weight Watchers shares had fallen about 45% year-to-date.

Grossman says her team is focused on “executing” this year. That’s one way to get the stock moving higher again.
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Re: Weight Watchers International

Bericht door vogelspotter » 08 aug 2019 07:40

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Weight Watchers upgraded at Bank of America as 2020 innovation sparks optimism


Published: Aug 7, 2019 1:25 p.m. ET


Weight Watchers stock soared 40% on Wednesday, heading to biggest one-day percentage jump since October 2015

WW
Weight Watchers is promising a new program for 2020, which has got analysts bullish


By

Tonya
Garcia

Reporter

 
Weight Watchers International Inc. was upgraded from underperform to buy at Bank of America Merrill Lynch on subscriber numbers stabilization in the second quarter and a user-driven 2020 program that leaves analysts bullish.

Bank of America raised its price target to $27 from $25.

WW WW, +42.65% announced second-quarter earnings late Tuesday, which included an increase in the full-year earnings outlook to between $1.55 and $1.70 per share. The FactSet consensus is for $1.52 per share.

WW ended the quarter with 4.6 million subscribers, up from 4.5 million last year.

Read: Blue Apron to end partnership with Walmart’s Jet.com but continue with Weight Watchers

Shares soared more than 40% in Wednesday trading, putting WW on the path to the biggest one-day percentage gain since October 2015.


Bank of America analysts led by Olivia Tong still see risks in WW, including competition from other apps and programs.

“However, after much volatility and several misfires, we think WW is getting back on track, re-engaging their consumers and better communicating the significant changes made in 2018 that alienated some,” Bank of America wrote. “A new program for the post-holiday recruitment drive should drive renewed interest amongst previous members and attract new (never) members as well in our view.”

WW Chief Executive Mindy Grossman would only say that the new innovation will offer a fresh way to follow the program, and is based on lessons from the WW Freestyle program along with new scientific research.

“We believe our 2020 innovation will appeal not only to our current members who love the flexibility of WW Freestyle but also to potential first time and returning members who are looking for a more personalized program that provides the structure and support for sustainable results,” she said, according to a FactSet transcript.

See: Shake Shack partners with GrubHub for nationwide delivery, warns of ‘volatility’

“In addition to conducting clinical trials to verify efficacy, the innovation has undergone extensive consumer testing to ensure we’re delivering a program that fits the needs of even more people.”

UBS analysts are keeping a wary eye on WW, as the subscriber growth was still a deceleration on a two-year stack and was likely helped by some discounting.

Still, WW says the third quarter is off to a good start and fall advertising should give the business a bump, said UBS.

“However, the true test will be the reception of its new program at the end of the year,” analysts said. “We think the market will reward WW for its progress in Q2, but it’s unlikely to give it full credit for a successful program launch until it provides evidence that its subscriber growth is sustainable,” the note said.

Also: Pizza Hut will close hundreds of locations to focus on carry out and delivery

UBS rates WW neutral with a $26 price target, up from $23.

“[W]e agree that the new diet program launch should drive recruitment and earnings growth next year,” wrote JPMorgan analysts. “That said, we continue to believe that investors should remain on the sidelines until getting more clarity around the key differences in WW’s new program, given the increasing intensity of the competitive environment.”

JPMorgan rates WW stock neutral with a $27 price target, up from $22.

WW stock has lost 62.5% for the past year while the S&P 500 index SPX, +0.08% is down 0.2% for the period.
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Re: Weight Watchers International

Bericht door vogelspotter » 27 aug 2019 14:06

BUZZ-WW International: Rises on Craig-Hallum upgrade

13:52 (27/08) - Bron: Reuters


** Weight management services provider up ~5.5%
premarket at $30.5 after Craig-Hallum upgrades to "buy" from
"hold"
** Brokerage says upgrade driven by improving trends, a
mostly positive member response to new free app called Kurbo by
WW, and the potential for upside to estimates stemming from an
upcoming new diet program launch
** Says results for WW have improved since a very weak start
to the year in Q1, and it appears that this trend has continued
since the Q2 earnings report
** "Speed of WW's mid-year recovery has been impressive
given the slow start to the year" - Craig-Hallum
** Says WW's new diet program could be a major catalyst for
next year
** Craig-Hallum raises PT to $35 from $25, implying an
upside of ~21% to Monday's close
** 5 of 13 brokerages rate the stock "buy" or higher and 8
rate "hold"; median PT $27 - Refinitiv data
** Up to Monday's close, stock down ~25% this year

(Reporting by Siju Varghese in Bengaluru)
((siju.varghese@thomsonreuters.com))
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Re: Weight Watchers International

Bericht door vogelspotter » 04 sep 2019 21:51

Weight Watchers International (NASDAQ:WW) Upgraded by Craig Hallum to “Buy”

Posted by William Newman on Sep 4th, 2019


Weight Watchers International, Inc. logoCraig Hallum upgraded shares of Weight Watchers International (NASDAQ:WW) from a hold rating to a buy rating in a report released on Tuesday, August 27th, BenzingaRatingsTable reports. They currently have $35.00 target price on the stock, up from their prior target price of $25.00.

A number of other analysts also recently issued reports on WW. JPMorgan Chase & Co. raised shares of Weight Watchers International from an underweight rating to a neutral rating and boosted their price objective for the company from $17.00 to $22.00 in a report on Thursday, July 11th. Morgan Stanley set a $25.00 target price on shares of Weight Watchers International and gave the company a hold rating in a research report on Wednesday, August 7th. B. Riley raised shares of Weight Watchers International from a neutral rating to a buy rating and upped their price objective for the company from $23.50 to $40.00 in a research note on Wednesday, August 7th. DA Davidson raised shares of Weight Watchers International from a neutral rating to a buy rating and upped their price objective for the company from $24.50 to $32.00 in a research note on Friday, July 19th. Finally, ValuEngine raised shares of Weight Watchers International from a sell rating to a hold rating in a research note on Thursday, August 8th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Weight Watchers International presently has a consensus rating of Hold and an average target price of $29.38.
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Re: Weight Watchers International

Bericht door vogelspotter » 11 sep 2019 21:23

Top Stock Picks for the Week of Sep 9, 2019

Panel Of Zacks Experts September 10, 2019

TGT WW
WW (WW - Free Report) is the company formerly known as Weight Watchers International. After it decided to change its name and its branding, subscriber rates dropped, as did earnings, leading to a sell-off in the stock. But WW has a secret weapon named Oprah Winfrey. They have rolled out new ads with Oprah and that has boosted subscriber numbers. Additionally, Oprah will be going on a 9-city arena tour called “Oprah’s 2020 Vision: Your Life in Focus” in January and February of 2020, which is the key health and wellness season due to New Year’s resolutions. After falling 50% in the last year, WW is now a value with a forward P/E of 18.9. WW is a Zacks Rank #1 (Strong Buy) stock.
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Re: Weight Watchers International

Bericht door vogelspotter » 23 nov 2019 21:27

With A Rebrand And A New App, Will WW International Rebound In 2020?

Contributor

Rebecca Shore — The Motley Fool


Published
Nov 22, 2019 1:19PM EST

Last week -- just in time for the holiday heavy-eating season -- Weight Watchers International (NASDAQ: WW) rolled out its new, customized weight management program called myWW. It's the earliest the company has ever launched a new program, according to CEO Mindy Grossman. The debut date is more than seven weeks before New Year's, when folks make resolutions that often include weight loss goals. The post-holiday diet season drives WW International's highest subscriber rates, which usually decline through the rest of the year. The myWW plan program matches members to one of three plans based on taste preferences, eating habits, and goals. Gary Foster, WW's chief scientific officer, says myWW took about two years to develop, and it builds on science and behavioral data.

Wall Street analysts say the program will be a key driver of future subscriber growth. Keybanc's Edward Yuma said myWW is "unique enough to feel new," but also carries elements of the old program, including the concepts of SmartPoints and ZeroPoints. "This customization of the ZeroPoints list offers more flexibility from the existing, and arguable more restrictive, Freestyle program," said Yuma.
Hand holding phone (over plate of food and drink) with WW app displayed on screen.
Image source: Getty Images.

WW International board member Oprah Winfrey is doing her part to help. She'll tour the U.S. in early 2020 to share her "health journey" talk about healthy living, and conduct interviews with celebrities about their health. Grossman said ticket sales are "tremendously strong" for the tour, called WW Presents Oprah's 2020 Vision: Your Life in Focus.
In port:ASIT,Avantium, Deceun,Deutsche Bank,econocom,Euronav,OneSpan ,Weight Watchers, X-Fab,UCB , Fastned.
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