WW - Why WW International Stock Slipped This Week
2023-10-27 14:26:54 ET
Shares of WW International (NASDAQ: WW) -- parent company of Weight Watchers -- continued to slip this week. The stock is down 19.3% as of this writing. Even with shares still up over 100% year-to-date (YTD), WW International is down 88% over the past five years and has severely underperformed the broader market.
The company has struggled with revenue declines, keeping investors pessimistic about the stock. Now, a new headwind has presented itself: weight-loss drugs such as Ozempic.
Weight Watchers makes money-selling subscriptions for its dieting plans. For customers struggling with their weight, it offers nutrition plans, recipes, coach-led workshops, and more to help get people in a healthier state. A noble pursuit that started back in the 1960s. In 2015, the company partnered with longtime customer Oprah Winfrey, who received a sizable stake in the business and a seat on the board of directors in return for becoming a spokesperson for the brand.
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Why WW International Stock Slipped This Week