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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Weight Watchers Profits Drop 47% 0 comments
    Feb 19, 2014 11:03 AM | about stocks: WTW

    Originally published at www.seclive.com

    Filing in Focus: Weight Watchers 8-K, February 13, 2014

    Weight Watchers International, Inc. (NYSE:WTW) announced its financial results for the fourth quarter and full fiscal year 2014, reporting profits that dropped 47%. Revenue dropped 11% to $366.1M, though it still exceeded expectations of $358M. Earnings fell from $58M and $1.03 per share to $30.8M and $0.54 per share, missing analyst expectations of $0.61 per share. The company's leadership is considering different strategies to improve profitability, including easier sign-ups and more personalized weight-loss plans. This quarter the company intends to resize and restructure the organization, which will hopefully result in a more streamlined and profitable operation in the end. Weight Watchers expects earnings to be down this current quarter due to these actions being taken, and expects the overall 2014 fiscal year to be challenging.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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