Q2 2021 Results August 10, 2021 Wellness that Works. 1 2 Forward-looking Statements This presentation includes "forward-looking statements," within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, in particular, revenue and earnings guidance and any statements about the Company's plans, strategies, objectives and prospects and the impact of the COVID-19 virus. The Company generally uses the words "may," "will ...

WW International, Inc. (NASDAQ:WW) Q2 2021 Earnings Conference Call August 10, 2021 5:00 PM ET Company Participants Corey Kinger - IR Mindy Grossman - President and CEO Nick Hotchkin - COO Amy O'Keefe - CFO Conference Call Participants Steph Wissink - Jefferies Michael Lasser - UBS Edward Yruma - KeyBanc Capital Markets Jason English - Goldman Sachs Doug Lane - Lane Research Operator Good afternoon, and welcome to the WW International Second Quarter 2021 Earnings Conference Call. [Operator Instructions] Ple ...

Q1 2021 Results May 5, 2021 Wellness that Works. 1 2 Forward-looking Statements This presentation includes "forward-looking statements," within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, in particular, revenue and earnings guidance and any statements about the Company's plans, strategies, objectives and prospects and the impact of the COVID-19 virus. The Company generally uses the words "may," "will," " ...

Financial Data and Key Metrics Changes - The company reported total revenue of $332 million, down 20% year-over-year on a constant currency basis, primarily due to a decline in workshop subscription revenue of over $75 million and significantly lower in-studio product sales [34][32] - Adjusted gross margin was 60%, up approximately 720 basis points from the prior year, driven by better-than-expected cost reductions and a shift to a larger digital subscriber mix [35][36] - The company ended Q1 with approximately $113 million in cash and a net debt-to-EBITDA leverage ratio of 4x, reflecting a significant reduction in interest expense due to successful debt refinancing [43][31] Business Line Data and Key Metrics Changes - Digital end-of-period subscribers reached 5 million, with a year-over-year growth of 16%, and digital subscription revenue increased by 14% year-over-year [10][34] - The new Digital 360 membership offering ended Q1 with over 150,000 subscribers in the U.S. and U.K., indicating strong adoption since its launch [11][12] - The Workshops business achieved a 31% adjusted gross margin, improving from a trough of 27% in Q3 2020, with expectations to return to approximately 40% gross margin once social distancing measures are reduced [22][36] Market Data and Key Metrics Changes - The Digital business showed double-digit end-of-period subscriber growth in each major market, while workshop trends were still challenged due to lockdowns [20] - E-commerce sales increased over 150% year-over-year, with approximately 60% of these purchases made by digital members [17][28] - The company expects to end 2021 with 90% of subscribers being digital, a significant shift from 85% at the end of 2020 [40] Company Strategy and Development Direction - The company is focused on enhancing the member experience through digital transformation and personalized technology, aiming to create a healthier and more sustainable business model [7][8] - The Health Solutions business is expected to be a key growth lever, with double-digit revenue growth anticipated in 2021 and accelerated growth in 2022 [26] - The company is expanding into health care and diabetes, developing strategic partnerships to offer WW as a nutrition and behavioral science-based weight management program [60] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to drive revenue and earnings growth for the remainder of 2021, despite ongoing global economic uncertainty [37][47] - The company anticipates a rebound in consumer sentiment as the world reopens, which is expected to positively impact membership recruitment and retention [49][50] - Management highlighted the importance of adapting marketing strategies to resonate with evolving consumer needs and behaviors [51][94] Other Important Information - The company successfully refinanced its debt, resulting in an annualized saving of nearly $30 million compared to prior rates [31] - The WW Wellness Impact Award initiative aims to uplift leaders and organizations that are democratizing wellness in communities, particularly focusing on health inequities exacerbated by COVID-19 [64] - The company is committed to advancing social impact through initiatives like the Healthy Living Coalition, which focuses on improving food systems and closing nutrition gaps [62] Q&A Session Summary Question: Discussion on the shift towards digital and its impact on retention rates - Management noted that the shift to digital has diversified the membership base, with younger and more diverse members contributing to higher retention rates [68][70] Question: Expectations for workshop subscriber growth and comparisons to 2019 - Management indicated that workshop recruitment trends have turned positive in Q2, with expectations for improved financial metrics throughout the year [78][79] Question: Insights on the online marketplace and partner expansion - Management expressed optimism about expanding the online marketplace, with new partners expected to enhance the ecosystem and drive e-commerce growth [82][85] Question: Trends in membership and digital subscriber growth - Management confirmed that digital membership trends have been consistently strong, with a notable shift from studio to digital memberships during the pandemic [89][90] Question: Clarification on gross dollars per subscriber and future expectations - Management acknowledged that the mix shift from workshops to digital has impacted revenue per paid week, but expects improvements with the launch of D360 [112][113]

Full Year 2020 Results February 25, 2021 Wellness that Works:" 1 2 Forward-looking Statements This presentation includes "forward-looking statements," within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, in particular, revenue and earnings guidance and any statements about the Company's plans, strategies, objectives and prospects and the impact of the COVID-19 virus. The Company generally uses the words "m ...

WW International, Inc. (NASDAQ:WW) Q4 2020 Earnings Conference Call February 25, 2021 5:00 PM ET Company Participants Corey Kinger – Vice President of Investor Relations Mindy Grossman – President and Chief Executive Officer Nick Hotchkin – Chief Operating Officer Amy O'Keefe – Chief Financial Officer Conference Call Participants Steph Wissink – Jefferies Alex Fuhrman – Craig-Hallum Mike Schwartz – UBS Brian Nagel – Oppenheimer Linda Bolton Weiser – D.A. Davidson Jason English – Goldman Sachs Vikram Kesavab ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 2, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-16769 WW INTERNATIONAL, INC. (Exact name of registrant as specified in its charter) Virginia 11-6040273 (State or other jurisdiction of incorporat ...

WW International, Inc. (NASDAQ:WW) Q3 2020 Results Earnings Conference Call October 29, 2020 5:00 PM ET Company Participants Corey Kinger - Vice President of Investor Relations Mindy Grossman - President, Chief Executive Officer, Director Amy O'Keefe - Chief Financial Officer Nick Hotchkin - Chief Operating Officer Conference Call Participants Lauren Cassel - Morgan Stanley Steph Wissink - Jefferies Jason English - Goldman Sachs Brian Nagel - Oppenheimer Linda Bolton Weiser - D.A. Davidson Kasey O'Brien - K ...

YA Q3 2020 Results October 29, 2020 Wellness that Works." 1 2 Forward-looking Statements This presentation includes "forward-looking statements," within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, in particular, any statements about the Company's plans, strategies and prospects and the impact of the COVID-19 virus. The Company generally uses the words "may," "will," "could," "expect," "anticipate," "beli ...

Q2 2020 Results August 4, 2020 Wellness that Works." 1 2 Forward-looking Statements This presentation includes "forward-looking statements," within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, in particular, any statements about the Company's plans, strategies and prospects and the impact of the COVID-19 virus. The Company generally uses the words "may," "will," "could," "expect," "anticipate," "believe," ...