Why Did Weight Watchers International, Inc. Shares Gain 30% in August?
Weight Watchers (NYSE: WTW) has completed its comeback. The chain, which had struggled since Oprah Winfrey bought 10% of the company in October 2016, has steadily grown in 2017 and improved its outlook for the full year.
In the second quarter, the company reported a 10% increase in revenue and total paid weeks were up 17% over the previous year. In addition, end-of-period subscribers grew by 20% year over year to 3.5 million. The weight loss membership club also reported that earnings per share (EPS) rose to $0.67 from $0.46 in Q2 2016.
"Weight Watchers' strong performance is due to the broad-based improvements the company has implemented, including updating the program, enhancing the digital offerings, and refreshing the meetings experience," said CEO Mindy Grossman in the earnings release.
Source: Fool.com
Weight Watchers International Stock
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