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.