Fresh Start Accounting
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WeightWatchers Announces Second Quarter 2025 Results
Globenewswire· 2025-08-11 11:00
Core Insights - The company successfully completed a strategic reorganization, resulting in a debt reduction of $1.15 billion [1] - The second quarter of fiscal 2025 showed combined revenues of $189 million, a decrease of 6% compared to the previous year, while clinical revenues increased by 55% to $31 million [2][14] - The company reported a net income of $1,254 million for the successor period, with a net margin of 10%, significantly impacted by reorganization items [2][14] Financial Performance - The combined end of period subscribers totaled 3.2 million, with clinical subscribers at 127 thousand [2] - The predecessor period net income was $1,191 million with a net margin of 673%, while the successor period net income was $1 million [2] - Adjusted EBITDA for the predecessor period was $61 million with an adjusted margin of 34%, while the successor period adjusted EBITDA was $4 million with an adjusted margin of 37% [2] Strategic Outlook - The CEO emphasized the importance of effective and sustainable support in weight health, positioning the company for future growth and innovation [3] - The CFO noted that the reorganization has provided greater financial flexibility to invest in growth and innovation while maintaining financial discipline [3] - The company aims to stabilize its business amidst ongoing volatility and leverage its integrated model for long-term weight health leadership [3] Guidance and Metrics - The company provided full-year fiscal 2025 guidance, projecting total combined revenues between $685 million and $700 million, and adjusted EBITDA between $140 million and $150 million [14] - The combined end of period subscribers declined by 17% year-over-year, reflecting recruitment challenges in the behavioral segment [14] - Monthly subscription revenues per average subscriber increased for the third consecutive quarter, indicating a shift towards a higher clinical mix [14]
WeightWatchers Reschedules Second Quarter 2025 Earnings Release and Conference Call to Finalize Fresh Start Accounting Adoption in Connection with Emergence
Globenewswire· 2025-08-04 21:38
Core Viewpoint - WW International, Inc. (WeightWatchers) has rescheduled its earnings release and conference call for Q2 2025 to finalize its Fresh Start Accounting following its financial reorganization on June 24, 2025 [1][2]. Group 1: Earnings Release and Conference Call - The earnings release for the second quarter of 2025 will now occur before market open on August 11, 2025 [2]. - A conference call to discuss the results will take place on the same day at 8:30 a.m. ET, with a webcast available on the company's corporate website [2]. Group 2: Company Overview - WeightWatchers is a leader in science-backed weight management, offering a comprehensive support system that combines scientific expertise with human connection [3]. - The company has over 60 years of experience and is recognized as the most studied commercial weight management program globally [3]. - WeightWatchers provides a holistic, personalized approach that includes clinical interventions, medications when appropriate, and a global network of coaches and community support [3].