Is It Time to Take Profits on Weight Watchers?
Weight Watchers (NASDAQ: WW) stock is up almost 70% over the last three months, but the company is facing a number of issues that may hold back its revenue growth. The first is increased competition from a growing number of wellness programs, diets, and coaches in the digital space. Social-distancing measures have also hurt WW's studio revenue, which may not return to pre-pandemic levels.
Image Source: Weight Watchers.
Weight Watchers announced that subscribers increased 7% as of June 6, 2020, as compared to June 8, 2019. The total 4.9 million current subscribers includes 3.8 million digital subscribers and 1.1 million studio + digital subscribers. Digital recruitment trends returned to growth in mid-April on a weekly basis versus a year ago.
Source Fool.com
